The ultra posh Marina Bay Residences located in Singapore’s new downtown core has made headlines after three large apartments on high floors transacted recently over the $3,000 psf mark, media reports said.
Developed by homegrown company Keppel Land, the units sold all comprise four-bedrooms.
But the high prices achieved is unlikely to change the sentiment in the luxury market, which has seen fewer foreign property buyers put off by the stringent cooling measures.
Completed in 2010, the 99-year leasehold project comprises 428 units.
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
