Marina Bay Residences

Marina Bay Residences is a leasehold (99 yrs from 2005, 99 yrs fr 14/07/2005, 99 yrs from 2005, 99 yrs from 2007) condominium completed in 2010. It is developed by BFC DEVELOPMENT PTE LTD and designed by DCA ARCHITECTS PTE LTD. The development occupies a land area of 5,254 sqm and a Gross Floor Area of 59,600 sqm. It consists of 400 units. According to records, buyers of this development are Singaporean 57.9%, PR 16.4%, Foreigner 18.3%, Company 7.3%.

MARINA BAY RESIDENCES is located along Marina Boulevard in Downtown Core, in District 1. It is accessible through the nearest MRTs including Downtown DT17 and Bayfront CE1, DT16.

Based on transaction data in the last 12 months, sale prices range from S$ 1,999 psf to S$ 2,493 psf at an average of S$ 2,204 psf. Its highest recorded transaction was S$ 4,368 psf in Apr 2011 for a 2,368-sqft unit. Its lowest recorded transaction was S$ 1,407 psf in Dec 2006 for a 753-sqft unit. Its current rental yield is at 4.0%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, AL MARCHE PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Shopping Mall(s): Marina Bay Link Mall, CIMB Plaza, One Raffles Place.

Buyers and tenants are attracted to District 1, which covers areas such as Cecil, Raffles Place, Marina, People’s Park and Boat Quay. District 1 is home to the largest financial hub in Singapore, spanning from Raffles Place to Marina Bay, an area built on reclaimed land. Dubbed the “Wall Street” of Singapore, Raffles Place and Marina Bay have the highest concentration of Grade A offices - highly sought-after by financial institutions and professional service firms. Apart from business activities, District 1 is also a popular destination for recreational activities and tourism. Situated right next to the Central Business District is Boat Quay positioned at the mouth of the Singapore River. Once the busiest quay in Singapore, Boat Quay has transformed into a popular hang-out place for food and drinks, featuring an eclectic mix of high-end restaurants, alfresco dining and bars. Comprised of high-end developments, houses in District 1 are highly popular amongst both local and foreign home-buyers.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.