Prices of new condos in Marine Parade remain firm on robust demand

By EdgeProp Singapore / EdgeProp Singapore | April 4, 2019 5:26 PM SGT
Originally named after a promenade near the sea along the East Coast Road, Marine Parade is a popular residential enclave that offers a laidback respite from the hustle and bustle of the city.
With its main attractions being the beach and the sea, the neighbourhood offers a vibrant mix of outdoor activities that include fishing, kayaking, cycling and rollerblading.
Yet, it is conveniently located just a 15 to 20-minute drive to the city centre. By 2024, the Marine Parade estate will also be served by 2 MRT stations along the new Thomson-East Coast Line (TEL), making travelling to and fro the estate more convenient than ever.
Given these factors, it is no wonder that new homes in the area have remained popular with homebuyers despite weakened home-buying sentiment that followed the property cooling measures that were rolled out in 3Q2018.

Prices and transaction volume of new home sales in Marine Parade from 1Q2017 - 1Q2019

Source: EdgeProp.sg, URA
Read more:

New projects in Marine Parade between 1Q2018 and 1Q2019

Source: EdgeProp.sg, URA
The cooling measures, which included higher ABSD rates and tighter loan-to-value (LTV) limits, was intended to curb the exuberance in the housing market.
From July 6, 2018, Singaporeans buying a second residential property must pay an additional 12% ABSD on the property value, up from the previous 7%. Permanent residents (PRs) buying a second home now pay...
Follow Us On
Our Sites
Edgeprop.sg (previously known as The Edge Property Singapore) – is the best property portal for home-seekers, buyers, investors and real estate agents alike in Singapore. On EdgeProp, you will be able to find all the latest news and views, informational guides, historical transactions and rental searches, and research data and analysis.
Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDB flats, landed houses or commercial properties, we bring you Singapore’s the most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions.
Make better decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property and find properties below market value in Singapore. Meanwhile, discover all things en bloc, including Singapore en bloc news, trends and our En Bloc Calculator, which helps to determine the probability of a Singapore project being put up for collective sale.
Web Version 3.4.9
Aside from that, EdgeProp also offers a market trend tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heat map that lets you find out where all Singapore’s most popular property sales locations are, a HDB lease tool that lets you calculate your HDB tenure, an affordability calculator, and a property watch list to track your preferred Singapore property by project or location, as well as new launches.
On the lookout for undervalued property or buying to rent? EdgeProp’s powerful search filters let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools and childcare centres, or a good-value condo with a sea view – so that you find exactly what you are looking for.