Site at Marina South to feature mixed facilities, 11,000 residential units
SENTOSA Cove could soon lose its monopoly on luxury seafront living in Singapore, after the authorities unveiled yesterday a 60-ha site at Marina South for a similar development.Located next to the upcoming Garden at Marina South and the Marina Barrage a stone's throw away, the waterfront site is slated to host about 11,000 residential units, likely to be private housing.
Many developers who went into Sentosa Cove on a first-mover basis have made a lot of money.- Cushman and Wakefield MD Donald Han
But, in contrast to the secluded Sentosa Cove, urban planners have in mind a mix of facilities — such as retail, food-and-beverage, offices, hotels, even schools — for residents and the public to enjoy at the proposed Marina South residential district.
The plot is next to Marina South Pier, which some expect to make way for a new international passenger cruise terminal.
The project is being touted as "a landmark residential district" offering residents the best of both worlds: Waterfront living in a lush, green setting by the Garden at Marina South, according to a news release by the Urban Redevelopment Authority (URA) and Singapore Institute of Architects.
Demand for an alternative city lifestyle at Marina South will be high, judging by the record-breaking prices set for Sentosa Cove, predicted Cushman and Wakefield's managing director Donald Han.
"It is more of an extension of — rather than competition for — Sentosa Cove, which is smaller and has a limited number of residences.
"This is a residential enclave with a dual premium view of the sea and lush gardens. It also offers close access to the business and financial district."
Interest would be keen, especially from developers well-versed in high-end projects, he told Today. "A lot of the developers who went into Sentosa Cove on a first-mover basis have made money."
The Marina Bay area has been a work-in-progress in recent years, due to the authorities' rejuvenation efforts. In the works are the Marina Barrage, the Marina Bay Sands integrated resort and the 101-ha Gardens by the Bay.
A competition was launch-ed yesterday to gather ideas for the Marina South residential district. Participants have to submit their take on high-density city living in a waterfront garden environment, with environmental sustainability and community bonding among factors to be taken into account.
Up to 10 ideas will be awarded a shared prize of $50,000. These may be incorporated in the URA Master Plan next year. The competition closes Nov 12. More details are at www.ura.gov.sg or www.sia.org.sg/marina.
Source : Singapore Institute of Architects (www.sia.org.sg/marina)
Singapore's City Centre
Developments Around Marina Bay
Water Activities At The Bay
Gardens By The Bay
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