Over 85% of first 242 units at Marina Bay condo sold to multi-unit buyers

Due to high interest, some 242 units at Marina One Residences were released to local and foreign buyers during its preview phase, up from the 150 to 200 apartments that were initially made available.

More than 85 percent have been sold to multi-unit purchasers who were given priority to book units. They include buyers of two or more units at the massive 1,042-unit condominium at Marina Bay.

Buyers comprise Singaporeans, Malaysians and other nationalities.

Meanwhile, balloting begins tomorrow for single-unit purchasers who submitted cheques in recent days.

Developed by M+S, the 99-year leasehold condominium forms part of the Marina One integrated development and consists of one- to four-bedrooms and penthouses. The largest penthouse unit reportedly measures 9,000 sq ft.

PropertyGuru had earlier reported that initial prices are in the range of $1,960 to $3,100 psf.

Responding, M+S COO Kemmy Tan said: The strong response underscores Marina One as a choice development for investors and owner-occupiers alike, given its vibrant location, quality and scale of its integrated concept, its seamless connectivity to four MRT lines as well as the various lifestyle offerings at Gardens by the Bay, Waterfront Promenade, Marina Bay Sands and the Marina Bay area.

The showflat will officially open to the public from this Saturday onwards and buyers can look forward to a new release of units.

Marina One Residences is expected to obtain TOP in 2017.

Meanwhile, DUO Residences, another iconic project by M+S in the Ophir-Rochor area, has seen significant sales since its launch last November, with 619 of the total 660 units already sold.

Image: Balloting of Marina One Residences on Wednesday. (Photo by M+S)

 

Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

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