According to Urban Redevelopment Authority, or commonly known as URA, Marina One Residences was able to sell 765 private units last October. This volume is around 26.3% increase from their September sales or five times more than the 81 units that were launched last Septmember.
To some analysts, Marina One Residences is one of the highly sought after project last October. It already sold 84% of its units.
The director of Research at Knight Frank, Alice Tan, said that Marina One Residences was able to answer the needs of residential seekers thus boosting its sales last month.
On the other side, homebuyers today are thought to be more sensitive when it comes to their purchases than before. They now seek quality than just basing on the property price.
Desmond Sim, the head of CBRE Research, said that there is a great demand over new residential units but it seems that only a few launches were made over the past months. Highline Residences was another successful development launched by Keppel Land which experience a long queue during its preview day.
The high sales of Marina One Residences was due to its pricing (very attractive), its location (situated within the central part of the city) and its proximity to transportation stations (MRT). The above claim was given by JLL.
The median price for this magnificent project is $2,228 psf. This price still falls within the average pricing (psf) of Marina Bay Suites and Marina Bay Residences (between $2000- $2700).
Marina One Residences is the newest integrated development in District 1. It is developed by M+S Pte Limited and houses 1042 mix units. Its unit mix range from 1 bedroom units to 4 bedroom penthouses. TOP date will be on 2017.