DEAL WATCH: Four-bedroom unit at Marina Bay Suites going for $4.8 mil
By Timothy Tay
/ EdgeProp |
A four-bedroom unit at Marina Bay Suites is on sale for about $4.8 million ($2,334 psf). The 2,056 sq ft unit, listed on the Edge- Prop.sg website, is located on the 42nd floor.
The living room and master bedroom have uninterrupted views of the Marina Bay area, and the unit comes with a private lift.
Located in prime District 1, Marina Bay Suites is part of the Marina Bay Financial Centre.
(Credit: Samuel Isaac Chua/The Edge Singapore)
The unit was bought five years ago from the developer and the owner paid $5.7 million ($2,808 psf) at the time. The owner of the property, who is a foreigner, put it on the market at end-September, as he is looking to buy a new house in Bishan, where his children study.
According to PropNex Realty team director Tan Kim Suah, who is marketing the property, the unit is currently tenanted to an American family at $8,500 a month. The lease will expire in August next year.
The unit is well maintained and the furnishings are of high quality, says Tan. The design and layout of the unit take advantage of the high floor and the other bedrooms also boast sea views, he says.
The most recent transaction at Marina Bay Suites was in June, when a 1,615 sq ft, three-bedroom unit on the 40th floor was sold for $3 million ($1,889 psf), according to caveats lodged.
For four-bedroom units, the most recent transaction was that of a 2,680 sq ft unit on the 45th floor. It was sold for $6 million ($2,239 psf) in July 2016.
The 221-unit Marina Bay Suites is situated on Central Boulevard in prime District 1. It is part of the Marina Bay Financial Centre mixed-use development by a consortium comprising Keppel Land, Hongkong Land Holdings and Cheung Kong Property Holdings.
Along with Marina Bay Suites, the development comprises Marina Bay Residences, three office towers and the Marina Bay Link mall, which is connected to the Downtown MRT station.
This article appeared in the EdgeProp Pullout, Issue 801 (Oct 16, 2017)
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