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PROJECT DETAILS

 


Singapore Urban Redevelopment Authority (URA) has a mixed site in Marina View, Shenton Way as part of Government Land Sales (GLS). This land parcel is set in the Core Central Region, bounded by Central Boulevard, Shenton Way and Raffles Quay. It is listed under the reserved lists of sites and is allocated to be developed into high rise mixed commercial retail units, hotel, office, serviced apartments cum luxurious residential development. It has a land site area of 116,990 square feet and with a gross floor area of 1.52 million square feet. is located in the Core Central Region of Singapore, in the Central Business District.


New and upcoming mixed development in Marina View is nearby to Shenton Way MRT Station serving the Thomson East-Coast Line (TEL) and it will serve the future residents when it is ready to start operation in 2021. New Condo in Marina View is directly and seamlessly connected to Downtown MRT Station which serves the Downtown Line (DTL)  and is linked to Raffles Place MRT Station which act as an Interchange for the East-West Line and North-South Line where residents can transit to more destination of options. Future residents can choose to walk to Tanjong Pagar MRT Station. The Marina Bay MRT Station which serves as the interchange for the North South Line (NSL), the Circle Line (CRL) and the upcoming Thomson East- Coast Line (TEL). These make commuting to all parts of Singapore as simple as it is, providing all weather connections to the public transport nodes.

For drivers, Shenton Way is just approximately 5 minutes’ drive away. It is close to the East Coast Parkway (ECP), the Ayer Rajah Expressway (AYE), the Central Expressway (CTE) and the Marina Coastal Expressway (MCE). All these expressways provide conduits of conveniences and make driving a breeze to any part of Singapore.


When it comes to retail, dining, leisure and entertainment facilities, future residents in Marina View can go to several malls within the vicinity. It is closeby to the integrated resort of Marina Bay Sands, the convention and hotel hub. More choice will be made available when the upcoming Tanjong Pagar Centre (just 400 m away) is completed offering 6 levels of retails shops and F&B outlets. Other malls nearby include Esplanade Mall, Marina Square, China Square, Chinatown Point, People’s Park Centre, People’s Park Comple, The Central, Funan DigitaLife Mall, Peninsula Shopping Centre, Raffles City Shopping Centre and Liang Court. For local food, future residents may experience the 6 main food centres nearby, i.e. Telok Ayer Market (Lau Pa Sat), Amoy Street Food Centre, Maxwell Market, Tanjong Pagar Plaza Block 6 Market and Food Centre, Hong Lim Market & Food Centre, Chinatown Complex Market & Food Centre and People’s Park Complex Food Centre.


There are many recreation clubs near to Marina View which offer both leisure facilities and activities such as Singapore Cricket Club, Home TeamNS Club and Singapore Recreation Club. The nearby parks such as Esplanade Park, Pearl’s Hill City Park and Fort Canning Park also offer residents in Central Boulevard serenity and also lush greenery.


With a superior location in the heart of Marina Financial District and closeness to so many amenities, demand for rental is high. Marina Bay Financial District is still not at its full potential and with the upcoming nearby Waterfront City in place, there will be huge potential for capital appreciation in Marina View. It will bring a whole new experience to the city living- a vibrant and exciting location to Work, Live and Play in.

 

 

 
Heart of New Central
Financial District
Marina One Residences

Heart of Tanjong Pagar
Financial District
Wallich Residence with
181 Limited Collection
Super Penthouse at 21,108sqft

Other Developments in
Core Central Region
 
 
 

Project
Developer
Location
District  01
Tenure 99 years lease
Site Area Approx.
GFA: Approx.
Plot Ratio
Expected TOP:  Expected
Total Units
Total Carpark
Development
Unit Type:
Architect
Eligibility Local / PRs / Foreigners can buy

LOCATION and AMENITIES

FACILITIES and SITE PLAN

CBD LIVING SET TO PICK UP MOMENTUM

Marina-One-Article-1

LIVING in the bustling Central Business District has caught on, with plenty of property launches in the area in recent years.

Many people love the convenience of being just five minutes from work, but some have grumbled at a lack of amenities. There are no schools, supermarkets and shopping centres in close proximity, they say.

But this is set to change with more mixed developments in the pipeline, experts say.

Take, for instance, GuocoLand's 1.7 million sq ft mixed-use development, Tanjong Pagar Centre.

It will boast a tower of Grade A office space, 181 luxury serviced apartments called Wallich Residence and shops. The project will be linked to the 202-room Clermont Singapore hotel.

So far, 14 out of 54 units launched have been sold, at an average price of $3,055 per sq ft (psf).

Over at Marina Bay, all eyes are on the 3.67 million sq ft integrated project Marina One, jointly developed by Singapore's sovereign wealth fund Temasek Holdings and its Malaysian counterpart Khazanah Nasional.

The 1,042-unit project is expected to go on the market in the second half of the year, priced at about $2,800 psf to $3,000 psf.

"Investors who buy small units can expect keen leasing interest from mid- to senior-level expats who might be on limited housing allowances but still want a conveniently located property," said Mr Ong Kah Seng, director of R'ST Research.

Other new developments launched include the 202-unit 76 Shenton, which has moved units at an average price of $1,959 psf, according to data from Square Foot Research.

The 280-unit Altez in Enggor Street has sold 229 units, at an average price of $2,390 psf, while 215 homes have been snapped up at the 360-unit Skysuites@ Anson for $2,603 psf on average.

Units were sold at a median price of $2,618 psf at new launches in the five months to May, rising from a median price of $2,303 psf in the same period a year ago, according to HSR Research.

This boom in downtown living has its roots back in 1995, when the Urban Redevelopment Authority (URA) singled out the lack of a residential population as the business district's key weakness, noted DTZ's research head Lee Lay Keng.

The URA then set about introducing city living to the area.

After that, the first residential projects com- pleted were the 646-unit Icon by Far East Organization, which obtained its Temporary Occupation Permit in 2007; and the 168-unit Lumiere, which was completed in 2010.

Resale prices of units at these older projects have held steady, noted Mr Ong, staying flat in the past year.

"Resale prices were able to hold in 2013 due to strong leasing demand, although rents are moderating," he said.

"Most investors feel that there is a ready pool of tenants, despite more competition than before."

At Icon, 91 leases were secured at a monthly median rent of $6.69 psf in the first quarter, while Lumiere had 17 leases at a monthly median rent of $5.90 psf.

Rental yields in the area are about 4 to 4.5 per cent, well up on the islandwide rental yields of 3.8 per cent, added Mr Ong.

"In the longer term, as plans for the Southern Waterfront City under the 2013 Masterplan are implemented, we expect that this will add further impetus to the rejuvenation of the Tanjong Pagar area," said Ms Lee.

"As the current CBD is extended towards Tanjong Pagar, this will help to support rental and capital values in the area."

LOCATED IN HEART OF CENTRAL BUSINESS DISTRICT CBD

Marina One in Core Central Region, Singapore URA Master Plan 2014

Singapore Urban Redevelopment Authority URA Master Plan 2014 envisions some exciting developments for the whole of Singapore's central area including Tanjong Pagar, The Greater Southern Waterfront District,  City Hall, Marina Bay, Suntec and Bugis-Rochor area. The new prime City Central area will be a place for the people to engage community and arts, showcase Singapore's creative and artistic expression and links to Singapore's past and future aspirations. There will be more pedestrian- friendly precincts, public spaces and parks, night lightings and trees.

City Centre at Marina Bay is a unique and dynamic waterfront district, Garden City by the Bay, extending seamlessly from the CBD and it is zoned to be

  • the next CBD, focusing on financial and business related activities
  • More Commercial, residential buildings, hotel and entertainment spots are to be built.
  • It will be a lifesytle destination for variety of water-based activities and events.
  • Exensive road and rail network in the pipeline and 
  • Padestrain bridges that loops attractions and open spaces around the Bay.

Marina South will have

  • a new population catchment as it will have a residential district of 9,000 new homes, with mix-development plan of hotels, offices and entertainment
  • elevated landscape walkway that links the Bay South Garden to Marina South seafront
  • 800 metres padestrain walkway beween the upcoming Marina South and Gardens by the Bay MRT Station
  • underground carpark that allows motorists to drive between buildings that reduce ground level traffic
  • feaures that can collect rain water and harness wind energy
  • continuous waterfront promenade will be creaed from Marina South to Labrador for joggers and cyclists.

 

WON TOP BID FOR MIXED DEVELOPMENT LAND SITE IN MARINA VIEW

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