MARINA COLLECTION: Southern Islands Condominium | Details & Reviews

Name: MARINA COLLECTION
Brand: MARINA COLLECTION
SKU: MARINA COLLECTION
Rating: 4.0 (2 reviews)

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Marina Collection

Sale Price *

Average

S$ 1,752 psf

Range

S$ 1,739 - 1,768 psf

Rental Price **

Average

S$ 4.8 psf pm

Range

S$ 3.4 - 6.5 psf pm

Rental Yield **

3.3%

Rental income expressed as a percentage of the property's value.

Amenities

2.6

Convenience

2.5

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities

0 Facilities Available

Description

Marina Collection is a leasehold (99 yrs from 2007) condominium completed in 2011. It is developed by LIPPO MARINA COLLECTION PTE LTD and designed by ARCHITECTS 61 PTE LTD. The development occupies a land area of 22,223 sqm and a Gross Floor Area of 28,500 sqm. It consists of 124 units. According to records, buyers of this development are Singaporean 33.6%, PR 19.1%, Foreigner 39.1%, Company 8.2%.

MARINA COLLECTION is located along Cove Drive in Southern Islands, in District 4. It is accessible through the nearest MRTs including HarbourFront CC29, NE1 and Tanjong Pagar EW15.

Based on transaction data in the last 12 months, sale prices range from S$ 1,739 psf to S$ 1,768 psf at an average of S$ 1,752 psf. Its highest recorded transaction was S$ 2,917 psf in Dec 2007 for a 3,369-sqft unit. Its lowest recorded transaction was S$ 1,373 psf in Jan 2020 for a 2,185-sqft unit. Its current rental yield is at 3.3%. Other nearby amenities include: 2 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD.

Buyers and tenants are attracted to District 4, which covers Harbourfront, Telok Blangah and Mount Faber. District 4 is better known for its tourist attractions, marked by the Sentosa Island. District 4 is also favoured by home-buyers due to its central location and accessibility to recreational offerings such as Vivocity, the largest shopping mall in Singapore. Harbourfront serves as a connecting point between the main island of Singapore and Sentosa Island. Sentosa Island is a renowned tourist attraction and a popular leisure destination, featuring Resort World Sentosa and popular beaches. Part of the island has been converted into a residential enclave comprised of premium houses ranging from landed to high-rise housing developments. In contrary to the restrictions for landed houses in Singapore, the bungalows found at Sentosa Cove are open to purchase by foreigners. Another key attraction of District 4 is the Henderson Waves Bridge, the highest pedestrian bridge in Singapore. It forms part of the Southern Ridges Walk, a popular hiking trail starting from Kent Ridge Park.

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.

What they say

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"Marina Collection is one of many condos at Sentosa Cove which boasts of marina / sea views in the distance. Its resort style lifestyle is all the more important in our era of WFH. Yet, as we know it, Sentosa Cove condos have really not done well over the years in terms of their investment returns. Once marketed as the worlds most desirable address in well heeled cities such as Monte Carlo, London and Shanghai a decade ago, its original goal did not quite materialise. Make no mistake, residents here are still among the rich and famous globally. Owning a property at Marina Collection also gives you free access to the neighbouring One Degree 15 Club, which also allows you to berth your yachts, at a fee of course. The biggest downside to Sentosa properties is undoubtedly, and quite ironically, its location. It took me about 10 mins to drive from the entrance to the mainland Singapore, which would have been a pain if you do not have a car. Oh, and GrabFood here costs more too! Great for lifestyle, but 3*s for convenience, which can be a real pain!"

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Google Review | 23 Oct 2021

"Marina Collection is located in Sentosa Cove, a high-end and low-density residential area on Sentosa Island. Sentosa Island is the southernmost tourist and leisure destination in Singapore. The most attractive tourist attractions include; Resorts World, a large aquarium and Universal Studios etc. Marina Collection is the only luxury marina residential project in Singapore that can park mega yachts. It is adjacent to the famous yacht club ONE15 in the area. At the same time, every owner can also enjoy free yacht club membership. There are 400 villas and about 1,700 top luxury residences in the area. Due to the strict security management and extremely high privacy, it has attracted many foreign families and overseas corporate executives to move in. The famous sea-view luxury residence Marina Collection, with a unique Mediterranean design concept, creates a noble and luxurious low-density coastal community. There are only 124 noble units, and each household has a private elevator to enter the house, which provides a high degree of privacy. The luxury community is dominated by pure large units, designed with four-bedroom, five-bedroom and characteristic Tianchi duplex units, with an area ranging from 203 square meters to 439 square meters. The spacious living room has a wide view and a large landscape terrace. It has a luxurious and unique seaside view. Refreshing and happy. For more details, please call: 97621726 Or WeChat: leokweksg"

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Google Review | 20 Sep 2021

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