Location: 8 Enggor Street (District 2) Tenure: 99 years leasehold Expected Completion: 2014 Site Area: approx 30,011 sqft Total Units: 360 (1 tower, 72 storeys) Unit Types: 1 Bedroom ~ 366-506 sqft 2 Bedrooms ~ 667-700 sqft 3 Bedrooms ~ 958-1141 sqft Penthouse ~ 1001-1411 sqft Facilities: Level 7 • Swimming Pool • Children Pool •Lap Pool • Bubble Pool • Jacuzzi • Eco-pond • Tennis Court •...
Marina Bay / CBD
Interest in apartments at the 1,111-unit The Sail @ Marina Bay revived last month, with four units changing hands between Dec 21 and 28 at prices ranging from $1,899 to $2,990 psf. Eric Tay, an agent with PropNex who specialises in residential projects in the Marina Bay area, attributes the return of interest to the “spillover effect” from the strong take-up rate at the VIP preview of Robinson Suites...
The Marina Bay Financial Centre has received pre-commitment for over 66 per cent of the space in Tower 3, a year ahead of its completion, its manager Raffles Quay Asset Management said yesterday. The new lease agreements were inked with McGraw-Hill, as well as law firms Ashurst LLP and WongPartnership. DBS had previously signed for 700,000 sq ft as the anchor tenant of Tower 3. Tower 1 is fully leased to...
Marina Bay Financial Centre (MBFC) has received pre-commitment for over 66 per cent of space in Tower 3, a year ahead of its completion. Raffles Quay Asset Management, the asset manager of MBFC, said on Thursday the commitments have risen 11 per cent from 6 months ago. The new lease agreements were inked with McGraw-Hill, as well as law firms Ashurst LLP and WongPartnership. DBS had previously signed up...
Leisure and work opportunities will attract developers Developers are keen on the long-term potential of Tanjong Pagar's inner-city living, analysts say, with sites in the area attracting record bids and transaction prices. Guocoland's bid last month for a white site above Tanjong Pagar MRT Station for $1.71 billion remains the highest on record for a Government land sale. The bid translates to $1,006...
Keppel Land expects to book a larger profit of about S$394 million from its Marina Bay divestment, following a positive advance ruling from the tax authorities. In a filing on the Singapore Exchange, the developer said that the Inland Revenue Authority of Singapore has confirmed it would treat the divestment as capital gain, which is not taxable. This means that Keppel's profit from the divestment will...
Overseas Union Enterprise (OUE) on Friday said its upcoming commercial project at 50 Collyer Quay has to date achieved close to 60 per cent occupancy. Some of its key tenants include Merrill Lynch International Bank, Allen & Overy LLP and Citrix Systems Singapore. The developer also said that it has decided to name the premium Grade A office tower located in the Marina Bay area as "OUE Bayfront". Its...
Starwood Hotels and Resorts will be the first to open a hotel at Marina Bay's Asia Square, located at Singapore's newest financial district. In a release, Starwood Hotels & Resorts, which owns the Westin brand, said the hotel will be operational end 2013. The hotel, occupying over 300,000 square feet, will offer 306 rooms. The rooms will take up 15 storeys (32nd to 46th floors) of Asia Square Tower...
It’s easy to understand why The Sail is the most actively traded project in the prime Marina Bay area. When the 63-storey Tower Two of the 1,111-unit project was first launched in 2004, units were priced at $900 to $1,000 psf, while the first batch of 100 units released at the 70-storey Tower One a year later averaged $1,080 psf. Today, on the secondary market, owners of units with pool views are asking...
Developers looking at prime Marina Bay land might have to wait until at least 2013. That is when the Government is expected to start releasing 11 parcels of land in step with the completion of infrastructure works in the area. These projects include the Downtown rail line and the Marina Coastal expressway, which will be completed in phases in the next few years, said the Ministry of National Development...