Over 30 units at Marina Bay Suites were sold during its preview yesterday. They were among a batch of 36 apartments launched on nine floors in the 66-storey condo development and which are priced between $2,167 psf and $3,133 psf.
Several analysts observed that the selling price is about 15 percent to 20 percent higher than the initial batch of around 90 units, which went for $1,900 psf to $2,600 psf late last year.
Some prospective buyers may have found the quantum of price hike, taking place in less than six months, “a bit too heavy”, as one market watcher said.
A four-bedder-with-study on the 51st level was the most expensive unit sold yesterday at about $8.4 million, while a three-bedroom apartment on the seventh storey was the “cheapest” of the 36 apartments, changed hands at $3.5 million.
The 90-odd units sold in 2009 were mostly below the 46th storey sky terrace.
Those who snapped up a unit during the preview are said to comprise a good mix of local and foreign buyers. The 36 apartments offered at Marina Bay Suites range from 1,615 sq ft for a three-bedder to 2,690 sq ft for a four-bedder with study.
The 221-unit Marina Bay Suites is comprised of three penthouses and 218 three- or four-bedroom apartments. A typical floor is comprised of only four apartments with private lift lobbies in every unit. Each penthouse has its own swimming pool.
While the previous sales was held on the mezzanine level of One Raffles Quay, the yesterday’s preview of the project, which is being marketed by DTZ and CBRE, were at a showflat built on the fourth floor of the Marina Bay Financial Centre Office Tower 1.
The latest preview was open to those who had expressed interest. Sales will be by appointment starting today.
Marina Bay Suites is being developed by a consortium controlled by Hongkong Land Holdings, Cheung Kong Holdings and Keppel Land.