滨海盛景豪苑 | 新加坡滨海湾金融中心区豪华府邸

Marina One Residences | 滨海盛景豪苑 | Iconic Luxury Integrated Condo In Marina Bay

Marina One Residences is the residential part of Marina One, a flagship high-quality urban project complex in the heart of Marina Bay. It’s proudly developed by M + S Pte Ltd, a joint venture between the Malaysian government investment company Khazanah and Singapore government investment company Temasek Holdings.

Located in the heart of Singapore’s Marina Bay, the entire integrated project costs total investment capital of $7 billion and occupies an area of ​​more than 2.82 million sqft. Designed by German architect Christoph Ingenhoven, Marina One comprise of Grade-A office buildings (more than 1.88 million sqft), retail space (more than 140,000 sqft), landscaping (more than 60,000 sqft), and the luxury apartments – Marina One Residences.

Marina One Residences is a landmark luxury condominium in the heart of the city. The condominium has two 33-storey buildings with a total of 1,042 apartments of 1-4 bedrooms and limited penthouse units. Equipped with comprehensive condo facilities and many branded interior furnishes, Marina One Residences is a rare upscale urban residential development in the vibrant Marina Bay area.

Being a milestone project between the governments of Singapore and Malaysia, Marina One is also an important step in the overall development planning of Marina Bay. Marina One will create new hallmark for Singapore’s Marina Bay Financial Centre, which is comparable to the US financial centre Manhattan, Hong Kong’s Central, Beijing International Trade Centre’s Global Wealth Centre and Shanghai’s Lujiazui Financial Centre. In addition, Marina One Residences and Marina One will also become an important part of Singapore’s implementation of the Greater Southern Waterfront area.

Marina One Residences  | 滨海盛景豪苑 | Landscape, Site Plan and Facilities

As a new landmark in Marina Bay Financial District, Marina One Residences are an iconic and sustainable development that redefines the cityscape. Designed by well-renown architect Christoph Ingenhoven, surrounded by four high- rise buildings, there is a vertical urban garden known as the Green Heart built in the central and extended to several floors like an Asian terrace. This green heart includes more than 350 different species of tropical trees and plants, a 13m waterfall and reflecting pools.

Drawing inspiration from a rainforest valley, the iconic Green Heart serves as both an outdoor civic plaza for people to interact with one another and a serene oasis within the city for residents, office workers and the general public. The interaction between the building’s geometry and the garden promotes natural ventilation, creating a pleasant urban oasis and public landscape area. Much thought has gone into the design of Marina One to maximise natural ventilation, optimise the micro climate and maintain a comfortable ambient temperature within the development.

Besides the lush greenery, Marina One Residences offers a series of water-themed facilities, such as a luxurious 50 meter lap pool, jacuzzi, aquatic gym pool and children’s pool. A 200sqm indoor gymnasium fitted with the latest equipment provides residents with a holistic fitness experience.  Well-equipped private dining rooms as well as private lounges, BBQ decks and teppanyaki terraces are perfect venue options for residents who wish to host parties and gatherings on a larger scale.

As the residents, just imagine you are served by a 140,000 sq ft retail podium in the integrated development. It hold signature restaurants and cafes, retail areas, fitness clubs, supermarkets, food courts and outdoor event areas at doorstep of your home. The design of Marina One Residences perfectly integrates the residence with the surrounding landscape, bringing residents with the concept of terraced green gardens, romantic and fresh blue sky, blue sea, bustling financial district and majestic Singapore’s landmarks.

Marina One Residences |滨海盛景豪苑 | Location and Facilities

Marina One Residences is located in the heart of Singapore’s Marina Bay Central Business District, with superb convenient connectivity. It’s adjacent to Marina Bay Financial Centre, Asia Square and The Westin Singapore. Just one MRT stop, Marina One Residences is also close to Marina Bay Sands and Gardens by the Bay, Esplanade, Fullerton Cultural District which includes top restaurants with sea views, upscale shopping and leisure venues, five-star boutique hotels.

Marina One Residences is the luxury condominium close to the 3 MRT Stations (within 200 meter) on 4 MRT Lines in Singapore to the date. Marina Bay MRT Interchange, which connect North South Line, Thomson-East Coast Line and Circle Line, is only 100m away. The Downtown and Shenton Way MRT Stations connect to Downtown Line and Thomson-East Coast Line, respectively.

For cycling lovers, Marina Bay district is the first in Singapore to be planned upfront with a network of dedicated cycling lanes, making cycling for leisure or commute a safe and convenient activity. Furthermore, a future underground pedestrian link will provide seamless subterranean connectivity to Raffles Place and the rest of Marina Bay.

The highway network near Marina One Residences is well-developed. It only takes a few minutes to drive to the MCE Expressway, AYE Expressway, East Coast Parkway and Central Expressway. Therefore, it is very convenient to drive to all parts of the island from the condominium, for example, it takes less than 20 minutes to reach Singapore Changi International Airport.

Without leaving the development, Marina One is a natural urban living hub integrated with grade-A office, shopping, dining, entertainment and leisure facilities. The retail components of Marina One alone includes Cookhouse Food Court operated by Koufu, Cold Storage Supermarket, Virgin Active Fitness Club, Japanese food Teppei Syokudo, Jewel, Chinese Majestic Restaurant, Western Foods Crispy Chicke, Pizza Express and other specialty restaurants and convenience stores.

Looking around, Marina One Residences is close to the Central Business District, and many shopping, dining, cultural, and recreational landmarks which is just around few MRT stop away. Here we just name a few: City Hall, Raffles City, Suntec City, Marina Square, Esplanade Theatres and mall, National Gallery Singapore, Victoria Theatre and Concert Hall, and the famous Marina Bay Sands Shopping Centre, Gardens by the Bay, etc.

Given its superb location, excellent connectivity and abundant amenities, Marina One Residences provides the latest up-class urban living style than almost none than other condos. It has set up the benchmark for the upcoming residential in the city centre area.

Marina One Residences | 滨海盛景豪苑 | Layout and Floor Plans

Marina One Residences offers an opportunity to live in one of the most distinctive landmarks in Singapore’s Marina Bay precinct. It includes 2 blocks of 34-storey towers, which provide a wide range of premium dwelling choices from 1-bedroom to 2-bedroom, 3-bedroom to 4- bedroom apartments, and limited penthouse units. Its unit size ranges from 60sqm for one bedroom to 200 sqm plus for 4 bedrooms, and it also ranges from 600 to 800 sqm for penthouse homes to meet the diverse needs of the residents.

As definitive luxury condominiums in the heart of Marina Bay, Marina One Residences are meticulously designed and crafted for the truly discerning. Combining the utmost comfort, luxury and convenience, the apartments are equipped with spacious and functional layouts, with well-crafted interiors, imported appliances and fittings from Miele, Poggenpohl and Villeroy & Boch.

Private lift lobbies are provided 2/3/4-bedroom units and Penthouses for the residents to enjoy unlimited privacy and respect. Even the balcony and window locations have been carefully designed to take in the views of overlook Singapore Straits, Marina Bay Sands, Gardens by the Bay, skyline or lush greenery from the central green garden.

• Marina One Residences 4-bedroom living room

• Marina One Residences 4-bedroom kitchen

• Marina One Residences 4-bedroom bath room

• Marina One Residences 4-bedroom bedroom 1

• Marina One Residences 4-bedroom bedroom

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Marina One Residences|滨海盛景豪苑| CBD Market Update

Marina One Residences (滨海盛景豪苑) is in the coveted Marina Bay enclave in Downtown Core of of Core Centre Region (CCR). CCR region is down the ages famous for its many clusters of upscale private condominiums and apartments. The CCR residential market is also the most luxurious house segment where many properties sell at the most premium prices, for example, easily across $3,000psf.

Singapore private home market has entered the new uptrend cycle after the soar of land bid from both Collective Sales from developers and Government Land Sales (GLS) Programme during the period from 2016 to 2018. According to the URA reported in January 2020, Singapore private home prices rose 2.7% in 2019, as compared with the 7.9% increase in 2018. In 2019, new private residential property sales by developers increased 12.7 per cent to 9,912 units too.

There is a genuine, underlying demand for the private home. The increase in new sales transactions and growth in overall prices indicate the resilience of private residential property.  In 2020, Market watchers expect the market trends to be similar to 2019, given that market fundamentals remain unchanged: interest rates are expected to remain low, while the economy is expected to improve slightly in 2020.

For CCR housing market, the overall price index decrease 1.7%, as compared to the increase of 6.7% in 2018, while the prices in City Fringe and mass market increased by 2.8% and 4.2% respectively. According to the URA media release, the transaction volume and price index are still in line with the historical trend, which demonstrates the sustainability of high-end residential market. 2019 observed a series of new high prices in many hallmark areas, such as Holland Village, Newton Circus, River Valley, Outram Park, East Coast and so on. In 2020, it’s expected that around 4,000 new non-landed residential units 23 projects could be launched in 2020 in the CCR region, while 6,000 units across 22 projects are expected to be launched in city-fringe region.

The new cycle of En Bloc sales fever has taken place in the residential market since 2016, given that the numbers of unsold developer projects hit the historical low and increasingly fierce competition in GLS Programme.

The land costs for private condominium projects have island-wide increased varying from 15% to 20% in different regions in 2018, not mentioned the benchmark land cost in 2016. In CCR market, the average land cost was over $1,800psf in 2018, which transferred the average new development launch price in 2019 to jump up to among $2,800 to 3,500psf.  During last year, it has been transacted over $4,000psf in the most prestigious Nassim Road, Orchard Boulevard, Ardmore Park, and Marina Bay area.

The high-end residential market has turned up following the rise of higher land cost since 2017. New sales price tag replace the old one that more new condo projects in city area have been sold at higher prices. High-end housing market have running into a new uptrend cycle that sales price across $3,000 psf is not a miracle any more. let’s review the recent record transactions in prime residential market.

1) In city-fringe, freehold Sky Everton in Outram Park sold over $2550 psf at average, a $2,895psf price was transacted for a high floor 2-bedroom unit. For 99-year leasehold project One Pearl Bank in Outram Park, there are around 50 units sold over $2,500 psf. The highest transacted price is $2,875 for some 36^th floor 3 bedroom units. 

2) In the East Coast area, prime District 15, freehold project in Amber Road – Coastline Residences sold some 2 bedroom unit at $3,010 psf, together with other 5 unit sold over $2,800 psf in 2019. Even in the mass market, the integrated residential development next to Bangkok MRT Station – Sengkang Grand Residences have sold over 45 unit at above $1,800 psf, the highest transaction price was $1,898 psf. This is absolutely incredible.

3) In the Orchard upscale area, like Orchard Boulevard, ultra-luxury new residential development, Boulevard 88 have witnessed its 4 penthouse units transacted around $4,899～$5,125 psf in 2019. Another neighbor luxury development – 3 Orchard By The Park sold its 2 penthouse units around $4,638 to $4,805 psf in 2019. Across the road, TwentyOne Angullia Park sold its last 7,718sqft penthouse unit at $4,146 psf in 2019.

4) In Dhoby Ghaut area, 99-year leasehold new condo Haus On Handy sold new record price for its 969 sqft unit at $2,913psf in 2019. Other 30 units from the new launch was sold over $2,830 psf in 2019. It’s not believable that one year ago, the latest completion 99-year leasehold development in the close vicinity – Sophia Hills was sold only averagely at $1,900 to 2,200psf.

5) In Jiat Kim Street area, the fringe of River Valley enclave, luxury new condo – Riviere was transacted at average price of $2886psf in 2019, with 7 units was sold over $3000psf. The highest price was done at $3,305psf by some 1-bedroom unit at 36^th floor in June 2019, following the 2^nd highest price at $3,247psf was transacted for some 4-bedroomwith unit at 35^th floor with size of 2002sqft.

6) In the charming Holland Village area, the blockbuster new launch – the mixed development – One Holland Village Residences set up the historical high transaction prices since Nov 2019. Over 120 units was sold at between $2,600 to $3,300psf since then. The highest price was transacted for some high-floor duplex 4 bedroom at eye-catching $3,363psf.  Another bouquet freehold new launch -Van Holland which is opposite to Holland Village sold over 10 units in Jan 2020 with average prices at $2,950psf. Following this trend, another mega freehold new condo-Leedon Green in Leedon Heights launched in Jan 2020 and sold over 30 units with average transaction prices at between $2,600 to $2,900psf.

7) In the core River Valley enclave, 99-year leasehold luxury “Botanic Garden” new condo Martin Modern were recently sold at $2,684psf on average,with the highest of $3,254psf done for a 1,798sqft 4-bedroom flat at 30^th floor. Freehold 8 Saint Thomas was launched in second half of 2018, averagely transacted at $3,154psf, with recent highest price of $3,716psf done for a 2422sqft at 35^th-floor apartment in Jan 2020. Just after New Year, the newly launched freehold condominium The Avenir, which is next to River Valley Primary School was transacted at the average price of $3223psf. The highest price recorded in January was $3,564psf, a 527-sqft 1-bedroom on 36^th floor. The most popular apartments are the type of 4-bedroom + private lift (2,067 to 2411sqft) , which were sold over 10 units to the local residents and foreigners.

8) In Tanjong Pager, CBD area, Skyscraper luxury newly-completed condo – Wallich Residence sold its 2 junior penthouse units (59^th, 60^th floor, 3509sqft) between $4702 to $4987psf in 2019. In the rising star CBD area, along west side of Beach Road, South Beach Residences sold 2 penthouse units (42^th floor- 6,728sqft, 45^th floor- 4,424sqft) between $3,865 to $3,888psf during the period  of 2018 to 2019.

By reviewing those recent record-breaking transactions done in the residential market, it’s quite new normal for the high-end luxury new condo to be transacted across $3,000 ~ $3,500psf. What if it is a brand-new, large land development with full condo facilities in the the heart of Marina Bay?

When the vibrant Marina Bay and traditional CBD area are concerned, it’s the economic and culture centre of Singapore, within the Downtown Core area. For years, Singapore Government has advocated the rejuvenation of Downtown Core into more exciting mixed-use district so that the city centre will not only be a place to work, but also a vibrant place to live and play in.

A great example is the transformation of Marina Bay. Marina Bay area which has since been redeveloped with excellent infrastructure and world-class cultural and entertainment facilities for quality working and living environments. Besides the dominating business and financial district, Marina Bay also clusters a suites of luxury condominium developments such as The Sail, Marina Bay Residences, Marina Bay Suites, and the latest Marina One Residences.

Under the URA Master Plan 2019, Downtown Core will be transformed into more residential developments besides the offices, hotels and entertainment facilities. The reclaimed lands in Marina Centre and Marina South are arranged with white use to allow for greater planning flexibility and to encourage a mix of complementary uses – commercial, residential, hotel and entertainment.

For example, the large empty lands in the southeast of Garden By The Bay will be developed into mixed-used developments with residential apartments on the second floor onwards. Just imagine the convenience of iconic condo living after completion of Marina South and Garden By The Bay MRT Stations on the Thomson-East Coast Line.

Tanjong Pager Centre is another successful story of CBD rejuvenation. Above the Tanjong Pager MRT Station and opposite to International Plaza, Tanjong Pager Centre has set up the tallest vertical city complex with a dynamic mix of commercial, residential, retail, hotel and urban park components. The skyscraper luxury Wallich Residence is the hallmark of sky condominium for the few privilege.

To extend more CBD activities out of traditionad boundary, the government has implemented the transformation of Beach Road east to Bugis area. During the past years, a series of blockbuster integrated projects such as South Beach, Guoco Midotwn, DUO have been developed along the Beach Road.

Integrated with those mega projects are the luxury condominium developments: South Beach Residences, Midtown Bay, Duo Residences, respectively. Nowadays Beach Road has been transferred into a vibrant dynamitic new Downtown Core area and upscale residential enclave, following the transformation of Marina Bay. Here we collect the recent major mega new residential developments in downtown core area.

1). Tanjong Pagar Centre: Developed by GuocoLand, Tanjong Pagar Centre is an iconic large integrated development above the Tanjong Pagar MRT Station, with Grade-A office,  branded hotel, retail space, urban park and luxury apartment under one big roof. The breath-taking apartment Wallich Residence (华利世家) sites on the 39^th to 64^th floor of the skyscraper. There are 181 premium dwelling units including 1- to 4-bedroom and penthouses. The recent average transaction price is $3,498 psf, and the highest price is transacted at $4,7987psf for a 3509sqft unit in Jan 2020.

2). South Beach Residences (风华南岸府): it’s a luxury condominium integrated with mega integrated development of South Beach in Beach Road. Jointly developed by CDL and Malaysia IOI Group, South Beach comprise of Grade-A office, JW Marriot Hotel, retail space and iconic residence South Beach Residences. South Beach Residences offers 191 apartments including 2- to 4-bedroom and penthouses across 23th to 45th storey on the branded hotel. Conveniently accessible to Esplanade and City Hall MRT Stations, South Beach is sought after for its panoramic views of city skyline. Completed in 2017, South Beach Residences was recently transacted on the average $3,346psf, and the highest price was made at $3,950psf for a 2616sqft unit.

3). V on Shenton (珊顿·云尚): sited on the “Singapore Wall Street” -Shenton Way, V on Shenton is a mixed projects including high-rise office up to 23th storey and residential apartment up to 56^th storey. The skyscraper V on Shenton comprises of 510 dwelling units from 2 bedroom to 3 bedroom and penthouse units. Completed in 2017, V on Shenton was sold at average prices of  $2,301psf, with the highest price transacted at $3,225psf for a 452-sqft unit.

4). Eden Residences Capitol: Eden Residences Capitol is the residential component of integrated development with Capitol Building, Capitol Theatre, Capitol Hotel and residence in Stamford Road. Next to City Hall MRT Station, Eden Residences Capitol provides 39 luxury large-size residential units. Apartment were sold from $6.5mil to $20 mil with average prices from $3,000 to $3,200psf. 

5). Guoco Midtown (国浩时代城) and Midtown Bay (滨海名汇公寓): Guoco Midtown is mega integrated development by GuocoLand Singapore in Beach Road.  With around investment capital of $2.4 billion, Guoco Midtown consists of Grade-A office, conservation house, retail and entertainment space, luxury apartment – Midtown Bay. Midtown Bay stand in 333 storey building with total 219 units including 1- to 2-bedroom and limited 3-bedroom apartments.  Estimated to be completed in 2022, Midtown Bay were transacted arounf $2,908psf, with highest price at $3804psf for a 484sqft unit in Oct 2019.

6). DUO (双景坊) and DUO Residences (双景岭公寓): DUO is the pioneer mega project during the transformation of Beach Road to Ophir-Rocher Corridor. Jointly developed by the state government companies of Singapore Temask Holdings and Malaysia Khazanah Nasional, DUO consist of office tower, retail space, Andaz Singapore hotel and DUO Residences. Directly connected to Bugis MRT Interchange, DUO Residences was launched for sale in 2013 and fully sold so far. There are total 660 units in DUO Residences which stands 49^–storey high, including a suites of studio, 1-bedroom to 4-bedroom, penthouse apartments.  The recent resale price are around $2,212psf with highest price at $2609psf for a 1528sqft unit in Jan 2019.

In the following table, we just summarize the major new launches close to Marina Bay Financial District. You can justify how rationale are the latest launch prices in the vicinity.

As compared to the above recent large integrated projects, Marina One Residences is an extraordinary hallmark condominium in the heart of Marina Bay behind two state governments, with excellent connection access to 3 MRT Stations on 4 MRT Lines. There are two exceptional residential blocks – Park Tower and Garden Tower, providing 1042 upscale dwelling units covering 1-bedroom to 4-bedroom and penthouse units.

Park Tower apartments have been almost sold out since its launch in 2014. Since the launch of Garden Tower in 2018, over 65% of the units has been sold too. The recent developer sale price are around $2,450psf with highest price at $3285psf for a 2250sqft unit in Sept 2019. we just record the recent sales transactions on Marina One Residences. More market update will be presented here along the time.