The first Marina South site under the Government Land Sales GLS Programme was launched on Monday December 5. The plot at Marina Gardens Lane can yield about 790 residential units, next to Gardens by the Bay.
The Urban Redevelopment Authority URA said there will be commercial spaces on the first storey, with a maximum gross floor area of about 68,570 sq m, and its height could potentially reach up to 163 m.
The project completion period is 60 months, with a lease period of 99 years.
The site located in Marina South precinct was first announced in June under the Government Land Sales programme for the second half of the year.
The 45-ha precinct has been planned as a mixed-use residential neighbourhood comprising residential, hotel, retail and some office uses, said URA. It overlooks the Marina Reservoir and the Straits of Singapore.