Artist’s impressionMarina Collection Is a 99-Year Leasehold Development
Marina Collection is leasehold, not freehold. The land at 13, 15 and 17 Cove Drive is held on a 99-year lease that started on 3 January 2007 and expires on 2 January 2106, so roughly 79 years of the term are still to run as of October 2026.
Those dates come from the developer’s fact sheets, which name Lippo Marina Collection Pte Ltd, a company of the Lippo Group, as the developing company. The site itself measures 22,222.2 square metres, which the 2015 fact sheet expresses as 239,197.77 square feet, and it carries three four-storey blocks with 124 homes between them.
| Particular | As stated by the developer |
|---|---|
| Tenure | 99-year leasehold |
| Lease start | 3 January 2007 |
| Lease end | 2 January 2106 |
| Remaining (October 2026) | About 79 years |
| Site area | 22,222.2 sq m |
| Temporary Occupation Permit | 11 March 2011 |
Source: the developer’s fact sheets (2015 and the current edition). The sale and purchase documents for a particular home govern.
How the Lease at Marina Collection Is Counted
A lease of this kind runs from the date the state granted the land, not from the day the homes were finished. That is why the clock at Marina Collection started in January 2007, more than four years before the Temporary Occupation Permit was issued on 11 March 2011.
For a buyer today the useful number is the remainder rather than the original 99 years. Counting forward from October 2026 to January 2106 gives a little under eight decades, and every buyer of a home in the development takes over the same remaining term, whichever block, storey or layout is chosen.
Because all three blocks sit on a single lease, there is no difference in tenure between a garden home on the first storey, an apartment on the second or third storey and a penthouse with its attic pool on the fourth. The Marina Collection fact sheet page lists the lease next to every other published particular.
Counted from the start date the developer states, about a fifth of the 99-year term has passed since 2007, and the larger part of it lies ahead. That remainder, rather than the headline figure, is what a buyer weighs when comparing one leasehold home with another.
What 79 Years Means for CPF Use at Marina Collection
CPF Board links the use of CPF savings for a home to its remaining lease. Savings can be used in full, within the usual limits, when the lease will last until the youngest buyer reaches 95; when it falls short of that, usage is pro-rated, provided at least 20 years of the lease are left.
With about 79 years remaining, the lease at Marina Collection covers any buyer aged 16 or above to the age of 95. In practice the remaining term does not cut back the CPF an adult buyer may put towards the price, the monthly instalments or the stamp duty, although CPF Board still applies its own limits linked to the price and the valuation.
The housing loan and CPF guide for Marina Collection sets out the rule as CPF Board states it, together with the lease dates.
The Lease and a Home Loan at Marina Collection
The MAS rules that limit a housing loan do not turn on the lease itself. The loan-to-value limit depends on how many housing loans the borrower already has, on whether the tenure exceeds 30 years and on whether the loan would run past the borrower’s 65th birthday.
Each bank, however, sets its own lending terms, and those may take the age of the borrower and the lease of the property into account. A buyer who wants certainty asks a bank for an in-principle approval before committing, which turns the loan, the cash share and the stamp duty into firm figures for a particular home.
The TDSR calculator gives a first estimate of the loan an income can support at the MAS assessment rate, before any bank is approached.
Buyers who plan to hold a home for a long time often ask how the lease will look when they eventually sell. A purchase made in 2026 and held for twenty years would still leave close to six decades of the lease for the next owner, counting from the expiry date the developer states.
Checking the Title Details of a Marina Collection Home
Every home at Marina Collection shares the same lease, but the paperwork for a particular home is what governs a purchase. The option to purchase and the sale documents state the property and its strata area, and they govern over any summary on this site.
The Sales Concierge sends the current price list for Marina Collection, the homes still open for selection and the e-brochure on request. Showflat viewings are arranged by appointment through the Sales Concierge.
The developer and design team page gives the background to the company that holds the development, and the release log records each dated milestone, from the start of the lease in 2007 to the present.
The site details are also set out in the e-brochure, which the Sales Concierge sends with the plans of any home on a shortlist.
General information as at the date shown, not financial, legal or tax advice. Marina Collection particulars come from the developer’s fact sheets, brochure and plans; statutory figures repeat the IRAS, MAS and SLA rules as read on the dates stated, and distances are OneMap straight lines from the site unless a road distance is given. Sources: the developer’s fact sheets as set out on this site’s project details, developer and latest updates pages; CPF Board’s lease rule as set out on the housing loan information page.
Ask the Sales Concierge about Marina Collection
The Sales Concierge sends the price list on request, the homes still open for selection and the e-brochure for Marina Collection. Showflat viewings are arranged by appointment through the Sales Concierge.