Dec 2020: MARINA ONE RESIDENCES – quite a bargain at $2,300psf
Recently, my client asked me about Marina One Residences versus Fourth Avenue Residences, both of which are selling for about the same $2300psf range. I told him – of course, you should go for Marina One Residences, lah. This is because Sixth Avenue is already an established neighbourhood, while spurred by government planning, the Marina Bay area is still growing up in its role as the heart of the new CBD. In many global cities around the world, living in the financial district is a privilege and will cost a bomb, but uniquely in Singapore, you can still get a good unit at many D1, D2 and D7 properties for the same price — in terms of psf — as some new mass-market condo launches in the outlying suburbs ….. In the pre-COVID days, I take daily evening walks around the Marina Bay (about 3.5km), and always see hordes of tourists enjoying themselves. And I silently wonder to myself each time: Why are Singaporeans not enjoying themselves here?
1 BR (667-775sf) – 10 out of 401 units
1 BR + Study (743-764sf) – 3 out of 57
2 BR (1044-1066sf) – 3 out of 173
3 BR (1518-1539sf) – 12 out of 86
3 BR + S (1582-1593sf) – 24 out of 86
4 BR (2045-2250sf) – 5 out of 58
Penthouse (7244-8708sf) – 6 out of 8
Developer: M+S Pte Ltd (JV between Malaysia and Singapore governments)
Type: 2 towers
Total units: 1042
EXP Top: TOP Obtained
Address: 21, 23 Marina Way
Location: D01 – Raffles Place
Tenure: 99 Years
MARINA ONE RESIDENCES is the residential component of MARINA ONE, which is strategically located in Marina Bay, Singapore’s new CBD and financial district. It has a captivating waterfront setting, with seamless connectivity to the city’s MRT network as well as the many civic, cultural, leisure and dining attractions around Marina Bay.
An integrated development, MARINA ONE comprises luxury residences, unique retail offerings and prime Grade-A office. Among its current corporate tenants are Facebook, MUFG and Julius Baer. At the heart of this development is an architecturally unique biodiversity garden, flanked by two adjoining green parks at Marina Station Square and Central Linear Park.
Residents at MARINE ONE RESIDENCES will enjoy seamless connectivity to 4 MRT lines —North-South Line, Circle Line, Thomson – East Coast Line, and Downtown Line. This is because this development is just next to three (3) MRT stations – Marina Bay station, Downtown station, and the new Shenton Way station. In the longer term, it will be possible to walk from Marina One Residences – via an underground pedestrian mall – all the way to Raffles Place, which is at the heart of the old CBD.
POTENTIAL OF MARINA BAY
In assessing the potential of an investment in Marina One Residences, it is important to pay attention to the government’s Master Plan for the larger Marina Bay area.
The idea of Marina Bay first took shape in the 1970s, when city’s planners envisioned an expansion of the city centre to accommodate Singapore’s growing status as a business and financial hub. An array of architectural masterpieces now dot the waterfront, such as Esplanade – Theatres on the Bay, Marina Bay Sands, and Gardens by the Bay.
Importantly, not many people are aware that the next major stage in URA Master Plan for Marina Bay area is the development of Marina South district, which is the area that is immediately south of Gardens By the Bay and to be served by the upcoming Marina South MRT station of the Thomson-East Coast Line. The URA planners are envisioning an urban village characterised by city streets with corner shops, cafes, grocery stores, barbers and beauty salons, all within a short walk or bicycle ride. Residential communities are planned as street neighbourhoods where residents have opportunities for interaction. Walking and cycling are the choice modes to move around with shaded walks and dedicated cycling paths. An intricate network of MRT lines, cycling paths and pedestrian walkways will serve the district.
Furthermore, in the URA Master Plan, Bayfront Avenue (the road stretching from Marina Bay Sands all the way to Marina One) is slated to become a retail and entertainment belt (a mini Orchard Road of sorts) within the next 10-20 years. When this materializes, residents at Marina One Residences will enjoy being at the heart of an even more vibrant locality that will rival the best of Orchard Road.
Unit Types of Marina One Residences
1 Bedroom, 667 – 775sf
1 Bedroom + Study, 743 – 764sf
2 Bedroom, 1012 – 1066sf
2 Bedroom + Study, 1141 – 1206sf
3 Bedroom, 1518 – 1539sf
3 Bedroom + Study, 1561 – 1593sf
4 Bedroom, 2034 – 2250sf
Penthouse, 7244 – 8708sf
Latest updates on Marina One Residences
Over 230 ++ units sold from Oct 2019 to June 2020 !
Nov 2019 – 46 units sold
Dec 2019 – 29 units sold
Mar 2020 – 16 units sold
May 2020 – 28 units sold
June 2020 – 36 units sold
Marina One Residences was launched in 2 phases – Tower 21 in 1st phase and Tower 23 in 2nd phase.
Below are the prices of available units at Marina One Residences, as well as a price trend comparison between Marina One Residences and nearby condos.
1 br | 7xxsf $1.6xxm $22xxpsf
1+S | 7xxsf $1.7xxm $22xxpsf
2 br | 10xxsf $2.4xxm $23xxpsf
2+S | 11xxsf $2.6xxm $22xxpsf
3+S | 15xxsf $3.4xxm $21xxpsf
3 br | 15xxsf $3.9xxm $25xxpsf
4 br | 20xxsf $5.4xxm $26xxpsf
Penthouse | #32-25 8310sf $20.xxm
Pls click below for the virtual tours of Marina One Residences
* 1 Bedroom (Type 1G) http://marinaone.com.sg/virtualtour_1g.html
* 1 Bedroom + Study (Type 1C + S) http://marinaone.com.sg/virtualtour_1c_s.html
* 3 Bedroom + Study (Type 3C + S) http://marinaone.com.sg/virtualtour_3c_s.html
* 4 Bedroom (Type 4B) http://marinaone.com.sg/virtualtour_4b.html
Marina One Residences – 1BR floor plans
Marina One Residences – 2BR floor plans
Marina One Residences – 3BR floor plans
Marina One Residences – 4BR floor plans
Marina One Residences – penthouse floor plan
Note the GREEN HEART at the center of the Marina One development between the Office Towers and Marina One Residences.
Note the central location of Marina One Residences at the heart of the new Marina Bay financial district.
IN THE NEWS:
Marina One Residences
M+S bags $1.95b green loan for Marina One
(ST 28 July 2020) The joint venture between Malaysia and Singapore – M+S – has obtained a $1.95 billion green loan for its Marina One development ….. The Marina One East and West Towers have nearly 1.9 million square feet of Grade A office space, including two floors cantilevered across both towers. They house corporations such as Facebook, PwC, Mitsubishi UFJ Financial Group, Julius Baer, Netflix, Rajah and Tann and Prudential. The retail podium spans around 140,000 sq ft across four floors. M+S said yesterday that about 80 per cent of the 1,042 apartments have been sold at the two residential towers, named Marina One Residences ….. For the full article, pls visit straitstimes.com/…/ms-bags-195b-green-loan-for-marina-one-0
Local actor Romeo Tan buys a luxury unit at Marina One Residences
(ST 4 May 2020) Local actor Romeo Tan, who turned 35 last month, revealed on social media that he has bought an apartment unit at Marina One Residences. In an Instagram post last Friday (May 1), the Happy Prince (2020) actor posted a photo of the keys to his new digs, and another of him looking out from the balcony of his new home. He wrote: “Feels like a new chapter of my life” ….. Marina One Residences is located in the Central Business District, with unit prices starting from $1.67 million ….. For the full article, pls visit https://www.straitstimes.com/lifestyle/entertainment/local-actor-romeo-tan-buys-a-luxury-unit-at-marina-one-residences
Penthouse unit at Marina One Residences is the most expensive new sale of the year
(EdgeProp 26 Nov 2018) In terms of absolute prices, the most expensive new sale property transaction to have taken place this year was at Marina One Residences, when a 6,469 sq ft penthouse unit sold for $18 million ($2,782 psf) in June. This was also the most expensive unit to have been sold at the integrated development by M+S, a joint-venture company 60%-owned by Malaysian sovereign wealth fund Khazanah Nasional and 40%-owned by its Singapore counterpart Temasek Holdings ….. For the full article, pls visit https://sg.finance.yahoo.com/news/penthouse-unit-marina-one-residences-065100123.html
“Marina One, Duo set to make big impact on property scene”
(ST 26 Jan 2018) The two eye-catching developments that have been built on sites that were part of a landmark pact between Singapore and Malaysia look poised to make a major impact on the commercial and residential property markets ….. The two projects – Marina One Residences and Duo Residences – were opened in tandem last night by Singapore Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib Razak at a ceremony attended by ministers from both countries and about 300 guests ….. For the full article, pls visit https://www.straitstimes.com/business/property/marina-one-duo-set-to-make-big-impact-on-property-scene
Ch5 NEWS BULLETIN
Below is a news bulletin on the collaboration between Singapore and Malaysian governments on the Marina One Residences project.
BEFORE YOU LEAVE …
You may also be interested in the following new condo launches in the vicinity of Marina One Residences:
WE WELCOME YOUR FEEDBACK!
Mike Tan | CEA Regn. R059706Z | 98280030
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