DEAL WATCH: Marina Bay condo selling at 2007 prices
By Metta Lee
/ The Edge Property |
Buyers looking for a condo with a sea view might be interested in this listing. A 1,130 sq ft unit at Marina Bay Residences has been listed on TheEdgeProperty.com at $2.65 million, or $2,345 psf. The unit is located above the 50th floor.
A 1,130 sq ft unit at Marina Bay Residences is being put up for sale at $2.65 million.
Click here for more listings at Marina Bay Residences and nearby projects
The latest transaction in Marina Bay Residences was in March this year, when a 2,368 sq ft four-bedroom unit on the 25th floor was sold for $2,821 psf. The last transaction involving a 1,130 sq ft unit above the 50th floor was in August 2009. That unit, on the 51st floor, fetched $2.71 million or $2,400 psf. In June 2007, a 1,130 sq ft on the 50th floor changed hands at $2,349 psf.
Marina Bay Residences is a 428-unit development completed in 2010. It is located next to Downtown MRT station along the Downtown Line. High-profile developments in its immediate vicinity include Asia Square, Marina Bay Link Mall, Marina Bay Financial Centre, Marina Bay Sands, Marina One and One Raffles Quay.
There were five rental contracts for 1,100 to 1,200 sq ft units at Marina Bay Residences in March alone. Monthly rents for these contracts averaged $6,014, or $5.22 psf.
Recent transactions at Marina Bay Residences
Contract date | Floor area (sf) | Height | Price ($) | Price ($ psf) |
|---|---|---|---|---|
March 21, 2016 | 2,368 | 25 to 27 | 6,680,000 | 2,821 |
March 4, 2016 | 980 | 4 to 6 | 2,380,000 | 2,430 |
January 25, 2016 | 980 | 4 to 6 | 2,750,000 | 2,807 |
January 4, 2016 | 1,076 | 37 to 39 | 2,500,000 | 2,323 |
October 22, 2015 | 1,055 | 49 to 51 | 3,550,000 | 3,365 |
Source: URA, The Edge Property
Recent rental contracts for 1,100 to 1,200 sq ft units at Marina Bay Residences
Lease commencement date | Monthly Rent | |
|---|---|---|
($) | () | |
March 2016 | 6,000 | 5.20 |
March 2016 | 6,200 | 5.40 |
March 2016 | 5,870 | 5.10 |
March 2016 | 6,000 | 5.20 |
March 2016 | 6,000 | 5.20 |
Source: URA, The Edge Property
For more information, call marketing agent Richard Puah at 9144 4038.
This article appeared in The Edge Property Pullout, Issue 728 (May 16, 2016) of The Edge Singapore.
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