How to compete with so many units for rental when most of them are investors? What kind of rental yield?
How to compete with so many units for rental when most of them are investors? What kind of rental yield?
Marina One is still in the midst of selling to multiple-units (at least 3 units) purchasers. Over the last 3 days, more than 110 units - fair share of 1BR and 2BR units - were snapped up by these buyers. Multiple-units cheques are coming in even at this hour (1.30am), therefore the numbers will likely increase over the next 2 days.
Wednesday 8 Oct: A much larger group of 2-units purchasers (already submitted EOI) will start buying.
Friday 10 Oct: Single unit purchasers (already submitted EOI) will start.
Sales gallery is closed today (Monday) and tomorrow (Tuesday).
Bottom line: response is superb. Just superb.
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Last edited by sunboy77; 06-10-14 at 01:43.
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Thanks Sunboy. Nice update
Prices after discount as quoted in the press ($1900-$3000)?
Think pricing for 1 to 2 bedder very reasonable. $1.4m for 1 bedder similar to current range of $1.2-1.6m at Sail.
The main difference is that all the 1 bedders face internally
From the look of it, there won't be any cheaper 1-2 bedders left for single unit purchasers come Friday.
Would guess there is a high percentage of foreign buyers despite ABSD
Good pricing, unbeatable location, excellent finishing & layout = superb sales
Hope you huat from this launch
Wow Sunboy, you are working hard into midnight! Thanks for the updates and keep them coming!
Based on what you are seeing on the ground, I can now answer my earlier question.. the general profile of buyers for this project do not participate much in forums ... hence the lackluster discussion in this thread (compared to Duo) despite the superb sales!
You should read the an article featuring MarinaOne project in the recent Singapore Edge magazine. One prospective buyer said that he will be going on holiday soon and wentdown to the showflat to pick up 1 to 2 units before they go away.He should be in the top 2.8%or one of the 151,000 millionaires in Singapore.
DISCOUNTS for early-bird buyers helped sales take flight at the Marina One integrated development over the weekend.
Of the 1,042 private homes in the project, about 100 have been sold in bulk sales of three or more units since Friday, said real estate agents yesterday.
Developer M+S enticed early buyers with a 10 per cent discount, bringing prices down to between $1,960 and $3,100 per sq ft (psf).
It said last week that it would initially sell units from the first residential block at the Marina Bay development. The second block will be released only after the project is completed in 2017.
Sales to people wanting two apartments are expected to begin tomorrow, while single-unit buyers will have to wait until Friday.
Huat ah.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
1.39X mil cheapest based on the price list but likely multi units owners will grab them. The smaller 2rms at the corner stack seems to be the hottest in terms of quantum and size. Saw a few groups of what looks to be like rich indon tai tais there. Overall pretty impressive showflat, eben got artas kopi
not that I am aware of
got too much money dunno where to park is ok. for investment? lol......
Agree atas kopi and also nice tarts
for 1 roomers, stacks 11-13 best facing less discounts.
Come Friday, unlikely many good deals left for single unit purchasers unless more units are released.
Generally very reasonable priced units (based on pfs) for the 1-2 roomers
mid to long term investment for those with $$$$
best thing is developer can slowly release the units. can start selling block 2 at TOP, no 5 yr rule at all. No land cost too.
the location is really one of a kind, and the units are good in terms of layout and fittings. too bad cannot formally rent out as service apts to maximize returns.
The 2-units purchases started today with 133 units already struck off by the multiple-units purchasers since last Friday.
Just 2 hours into the 2-units purchases today, we are only left with:
The 2BR Stack 14 is the first stack to run out!
The single-unit purchaser must be very, very lucky to buy anything in this first release, if any units left at all on Friday.
http://www.stproperty.sg/articles-pr...R0drM.facebook
Of the 1,042 private homes in the project, about 100 have been sold in bulk sales of three or more units since Friday, said real estate agents yesterday.
Developer M+S enticed early buyers with a 10 per cent discount, bringing prices down to between $1,960 and $3,100 per sq ft (psf).
It said last week that it would initially sell units from the first residential block at the Marina Bay development. The second block will be released only after the project is completed in 2017.
Sales to people wanting two apartments are expected to begin tomorrow (8 oct), while single-unit buyers will have to wait until Friday.
Yet another vote of confidence for Marina Bay developments.
As I have said last year, this project can buy. Many potential buyers has been waiting for this till neck long.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Are there many property agent buying this project?
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
Yup. Property agents nowadays very poor...
15% left for single unit balloting tomorrow.
From pptyguru
Due to high interest, some 242 units at Marina One Residences were released to local and foreign buyers during its preview phase, up from the 150 to 200 apartments that were initially made available.
More than 85 percent have been sold to multi-unit purchasers who were given priority to book units. They include buyers of two or more units at the massive 1,042-unit condominium at Marina Bay.
Buyers comprise Singaporeans, Malaysians and other nationalities.
Meanwhile, balloting begins tomorrow for single-unit purchasers who submitted cheques in recent days.
Developed by M+S, the 99-year leasehold condominium forms part of the Marina One integrated development and consists of one- to four-bedrooms and penthouses. The largest penthouse unit reportedly measures 9,000 sq ft.
PropertyGuru had earlier reported that initial prices are in the range of $1,960 to $3,100 psf.
Responding, M+S COO Kemmy Tan said: “The strong response underscores Marina One as a choice development for investors and owner-occupiers alike, given its vibrant location, quality and scale of its integrated concept, its seamless connectivity to four MRT lines as well as the various lifestyle offerings at Gardens by the Bay, Waterfront Promenade, Marina Bay Sands and the Marina Bay area.”
The showflat will officially open to the public from this Saturday onwards and buyers can look forward to a new release of units.
Marina One Residences is expected to obtain TOP in 2017.
Meanwhile, DUO Residences, another iconic project by M+S in the Ophir-Rochor area, has seen significant sales since its launch last November, with 619 of the total 660 units already sold.