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SG Marina Bay condo close to sold out

Property Here - Friday, July 26, 2013

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The 66-storey Marina Bay Suites (pictured) sold 90 percent or 198 of its 221 luxury condominium units upon its completion in June, according to project manager Raffles Quay Asset Management (RQAM).

On average, units at the 99-year leasehold development were selling for S$2,700 psf, said Thomas Tan, Head of Residential Marketing at RQAM.

Singaporeans accounted for around 50 percent of all buyers, while the remainder comprises foreigners including Malaysians, Indonesians and mainland Chinese.

Leveraging on demand for bigger-sized apartments in the area, Marina Bay Suites offers 218 three- to four-bedroom units ranging from 1,600 sq ft to 2,700 sq ft; as well as a single-level penthouse and two duplex penthouses between 4,700 sq ft and 8,500 sq ft. Each apartment comes with a private lift lobby.

The development has obtained TOP which signifies the completion of Marina Bay Financial Centre (MBFC).

Nikki De Guzman, Junior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email