Monday, November 23, 2009

Property Launches Preview of Marina Bay Suites

Marina Bay Suites finally launching

As posted in www.h88.com.sg on 29 Oct 2009 by Francis




Note: The Sail's two towers have been omitted in this rendering...

It seems like the luxury Marina Bay Suites is finally launching after almost 2 years. Sources have confirmed that agents will be briefed about the project before the week ends. This project first came under our radar in early 2008 when we received early plans of the development.

Additionally, there have been some murmurs recently going on about reconfiguration of Marina Bay Suites to accommodate 2BR units or even Studios. While these are all just rumors (until we confirm it!), it does seem to make a little sense for the developers to cash in on the "Mickey Mouse" fever we have seen lately. The original plan was for 110 4BR units, 108 3BR units and 3 penthouses (221 total ) as seen below:

Original project details (Jan 2008):
Marina Bay suites is located just south of the sail (left bottom) and east of One Raffles Quay South tower. Units peek out at the Marina Bay and overlooks Central Linear Park. The bay view starts from the southern tower of The Sail and extends east to MBFC Commercial Tower 1.









Facilities of Marina Bay Suites.




More facilities for Marina Bay Suites.



Example of a 4BR floorplan.


Example of a 3BR floorplan




Stacks 3 and 4 are 3BR units, Stacks 1 and 2 with better views are 4BR units.

Lease: 99 years (wef 8 March 2007)
Site Area: 57,047 sqft
Address: Khiang Guan Avenue (to be confirmed)
Developer: Cheung Kong (Holdings)/ Hutchison Whampoa, Hongkong Land and Keppel Land)
Estimated TOP: 2012
Floors: 66
Units: 221 total
3BR (108)
4BR (110)
Penthouse (3)
Typical Sizes:
3BR (1572 - 1628 sqft)
4BR (2045 - 2691 sqft)
Penthouse (4682, 8181 sqft)

Major Facilities:
  • Lap Pool
  • Wading Pool
  • Entertainment Terrace with BBQ areas
  • Spa Lounges
  • Gym
  • Steam Room with male and female changing rooms

Other facilities:
  • Landscaped Garden
  • Sun Decks
  • Terrace Deck
  • Quiet Corner
  • Reflecting Pool
  • Sky Cabanas
  • Yoga Deck
  • Massage Terraces & Tea Decks
  • Lounge Terraces
  • Look-out Deck
  • Outdoor Dining Areas
  • Function Room
  • Games Room

There you go folks, but remember all these details are from 2 years ago so take it with a pinch of salt. If anyone gets their hands on updated floor plans (or a proper rendering of the actual building!) do send it in!

The Marina Bay Suites is touted to be a luxury project, which could mean a steeper Per Square Foot price than what is currently seen in The Sail or Marina Bay Residences.

Preview of Marina Bay Suites next week

As posted in Business Times by Kalpana Rashiwala

AFTER an almost two-year wait, Marina Bay Suites will finally be previewed next Wednesday to VVIPs and invited buyers, BT understands.

Pricing for the preview has not been finalised, but some market watchers suggest it could be a shade below $2,500 per sq ft on average. Others tip the average price at about $2,300 psf. No interest absorption scheme will be offered.


Early last year - when the 99-year leasehold project was expected to be released - the average price was tipped at about $2,800 psf.

The 66-storey condo block has 221 units, comprising 218 three- or four-room apartments and three penthouses.

Three-bedders range from about 1,570 to 1,620 sq ft; four-bedders will be 2,050 to almost 2,700 sq ft. The penthouses include two duplex units of about 4,700 and 8,100 sq ft and a single-level unit of around 5,600 sq ft.

Marina Bay Suites was due to be released early last year, but steadily worsening market conditions that culminated in the global financial slump meant the project could not be released in 2008. In March this year, Keppel Land - which is part of the consortium developing the condo - confirmed the project's construction was deferred.

The other members of the consortium are Hongkong Land and Cheung Kong Holdings/ Hutchison Whampoa. Marina Bay Suites will be the second residential project on the Business and Financial Centre site, which the consortium bagged in a Singapore Government tender in 2005.

The first residential project - the 428-unit Marina Bay Residences (MBR) - sold out in three days in December 2006. The 55-storey development achieved an average price in the region of $1,850 psf, according to a statement by the developer at the time.

Many buyers flipped their units - in some cases within days of their purchase - for handsome gains as high as $1 million or even more for four-bedroom units that face Marina Bay.

MBR has one and two-bedroom units in addition to three and four-bedders. The project, along with the neighbouring completed development, The Sail @ Marina Bay, continues to make news in the secondary market. Sources say a 900 sq ft bay-front unit on the 50th floor at The Sail sold recently for about $3,000 psf, while a 30-odd storey four-bedder at MBR facing the bay fetched just above $2,700 psf.

Marina Bay Suites' preview will be held on the mezzanine level of One Raffles Quay.

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