With the completion of the Integrated Resorts making the last corner we bet that you sir, Mr Savvy Property Investor, must have alarm bells ringing in your mind. The resorts are slated to open its doors to the public in the 1st quarter of 2010.The last time we spoke about the Integrated Resorts and its casinos back in 2006 there was a bull run in property prices reaching heights never seen. 3 years, a financial crisis, and a swine flu outbreak later, property prices have humbled although only moderately – perhaps shedding the veil of optimism and reflecting true value. Perhaps this is the time to strike…but where?
I believe that since it was the Integrated Resorts that started this fire, it should be the place that we start looking. Here are the condominiums near to the Marina Bay Sands Integrated Resort that should be watched closely along with a short description.
The Sail (99yr, 70 floors, 1111 units) – $1280-2800psf*
Bayview is unblocked at the tower fronting the Marina. No guaranteed view for those facing the sea in future as white sites are abound. Price range very wide. Interior finishes not very luxurious with a number of units on one level. Decent facilities, but shared among 1111 units. Typical units are studios and 2rm. Close to MRT (to be completed). Close to the IR.
Marina Bay Suites(99yr, 66 floors, 221 units)– $2500+psf (Rumored)
Not Launched yet. View will be limited as surrounded by other buildings. Interior touted to be very luxurious. Typical units are large/huge 3 and 4 rooms (1572-2691sqft). Rumored to be priced at $2500psf up when launched. Close to MRT (to be completed). Close to the IR.
Marina Bay Residences (99yr, 428 units) – $1259-2500psf*Bayview unblocked. No guaranteed view for those facing the sea in future as white sites are abound. Expected to be more luxurious than The Sail. SOHO concept. Small units available. Close to MRT (to be completed). Just beside the IR.
One Shenton (99yr, 50 floors, 341 units) – $1688-2300psf*
City View, with pockets of Seaview which is not guaranteed in future. Unique architectural concept. Touted to be luxurious within. Typical units are 2rm and 3rms. Walking distance to MRT (to be completed). Close to the IR.
Icon (99yr, 46 floors, 646 units) – $1230-1700psf*
Mostly city view. Not as close to Marina Bay. Good facilities, but shared among 600 units. Features fantastic loft studio units, which are usually priced at a premium. Close to MRT (to be completed). Far from the IR.
The Arris (FH, 63 units)- $1225-1500psf*
Low profile project, found at the far end of Shenton Way. Far from the IR.
The Clift (99yr, 43 floors, 312 units) – $1201-1669psf*
Mostly city view, surrounded by shophouses on one side. There will be retail shops at the ground level. Designed by well known Japanese design firm Super Potato. Walking distance to MRT (to be completed). Far from the IR.
The Lumiere (99yr, 45 floors, 168 units) – $14xx-2150psf*
High floors thought to have panaromic seaview. Every unit comes with a balcony. Some units in this development are smallish (5xxsqft). Note that bomb sheltors are featured in this project. Rumored that developer did not sell top 12 floors to be kept as serviced apartments. Close to MRT (to be completed). Far from the IR.
The Beacon (99yr, 24 floors, 124 units) – $725-1200psf*
Opposite a massive HDB project (The Pinnacle@Duxton). Cityview. Small sized project with only 124 units. Only 24 stories high. Typical Units 2rm and 3rms (807-1485sqft). Initially sold at $600-700psf in 2006. Far from the IR.
*recently researched asking prices
(Images: brochure, website, developer)
Posted on 27-06-2009 14:25 | By Francis
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