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My rumor says differently. My source suggests that Marina South is slated for a land reclamation project that will essentially more than double its current size
That's strictly not a rumor because its in the MND land use plan. They have plans to reclaim all the way from east coast to marina east and marina south.

I was reading a local science magazine. The authors says sand import will be an obstacle and propose new ways to reclaim land needs to be carried out. Hence, the concept of polder land came out recently and MND is using it to reclaim tekong. It reclaims the same amount of land using less sand.
 

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Instead of a traditional sale of land after the land is formed, how about 'selling' the sea bed for bidders to reclaim the land and own the land for the lease tenure thereafter? Then the lessor will bring its own sand. The Forest City model.
 

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Interesting concept. So what happens to the reclaimed land after lease expires?

Anyway for the forest city model, understand they started building right after reclamation. Any concerns there?
 

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Interesting concept. So what happens to the reclaimed land after lease expires?

Anyway for the forest city model, understand they started building right after reclamation. Any concerns there?
Hi DowntownKidz,
This is a legitimate concern.
But, this issue can be factored into the planning.
Firstly, you can design for a accelerated consolidation for early occupation, but this will increase your engineering costs.
Alternative, the reclaimer and development can plan for a two stage usage of the reclaim land. The first stage will be for a low rise usage, such as single storey structures, gold courses, driving range, tennis courts, cricket ground, etc. Later, when the consolidation has substantially stabilised and when the market condition is suitable, the second stage with longer term development can be implemented.

The reclaimer/developer will just have to factor such business plans into the calculations of the bid price.

Having said that, this may introduce too much uncertainty and risk to the bidders. Which may translate into risk premiums that may not be beneficial to the government. Hence, the government may want to be more helpful in stipulating the approach, whether it wants a single stage development approach or two stage development approach. Then all the bidders can bid on equal footing.

An important consideration on the part of the government should not be maximising revenue generation from the sale of seabed(land). Instead, it should be the strategic objective of creating more land for our future generation. Hence, the deal should be as supportive as positive to the bidders to participate and put in good quality bids.

Who may interested? Perhaps firms from China, Malaysia, Indonesia, Japanese, Australians, etc. Perhaps they can join venture with local firms. It does not matter for as long as they can bring in the sand.
:)
 
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