August 2019 auction – Marina Bay Residences
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  • 16 August 2019

August 2019 auction – Marina Bay Residences

A 743 sq ft, one-bedroom unit at Marina Bay Residences will be offered for the first time at our monthly auction on 28 August. The corner unit on the 30th floor has a guide price of $1.7m, or $2,288 psf and will be sold with existing tenancy.

Jointly developed by Keppel Land, Hongkong Land and CK Hutchison Holdings, the Residence is located on Marina Boulevard in prime District 1 — in the heart of the CBD and close to other prominent buildings like Marina One, Asia Square and One Raffles Quay.

Head of auction and sales, Joy Tan commented that this type of unit located within the CBD is likely to attract investors who are looking for an asset with a good yield return. Investors are thus able to target singles or expatriate professionals working in the nearby area.

She also added that generally, demand has remained strong for one-bedroom units in the Marina Bay area as these units tend to be of a good tenantable size, and they usually have affordable absolute prices.

Read the full EdgeProp article here:

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