90% of Marina Bay Residences sold at record prices

Units at Marina Bay Residences have been sold at yet another record price.

The developer, BFC Development, says units were sold at over S$2,700 per square foot – the highest so far for primary sales in the area.

Even at this record-setting price, more than 90 percent of the apartments have been snapped up at special preview sales held for invited guests over the last two days.

According to the developer, 60 percent of the sales were to Singaporean buyers, with the rest going to buyers from the region.

The ten penthouses will be sold by a tender process on Thursday.

This includes the 1,023 square metre Uber Penthouse.

The 55-storey development, which comes with 428 units, will only be open for sale to the public this Friday.

It is scheduled to be completed by 2010 and will form part of the Marina Bay Financial Centre.

Marina Bay Residences is a joint venture between Keppel Land, Hongkong Land and Cheung Kong Holdings.

Source: Channel NewsAsia, 13 December 2006 

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