Marina Bay: Worth investing in now?

We analyse if you should invest in a premium city home in the new financial district, such as Marina One Residences, before it is fully completed and prices rocket

No other area in Singapore has been attracting as much widespread attention as Marina Bay.

The 360-hectare business and financial hub has drawn investors and leading global institutions alike since the Government announced that it will be an extension of Singapore’s downtown district and doubling the size of the financial district when completed.

With its prime location, Marina Bay offers a myriad of exciting possibilities for sophisticated city living where one can live, work and play with ease.

Apart from those who aspire to set up their dream homes in the district, it is also particularly appealing to investors eager for good capital and rental yield.

Landmark collaboration

An important factor that experienced investors look out for is the credibility of the developer.

In 2011, M+S was established to build integrated developments Marina One and DUO.

It is a historic partnership between Malaysia’s Khazanah Nasional Berhad and Singapore’s Temasek Holdings, which own 60 per cent and 40 per cent of the company respectively.

The development’s rock-solid standing has certainly boosted its sales. In 2014, investors from Singapore and overseas snapped up over 85 per cent of the first 242 units that Marina One Residences released for sale.

To date, over 90per cent of the 521 residential units in the first tower of Marina One Residences have been sold and is ready for immediate occupation.

Its second tower will be released for sale this year and marks the last opportunity to own a brand new unit in this stand-out development.

The pick of Fortune 500 companies

One reason behind the tremendous interest in Marina One Residences is that many leading global companies have chosen to relocate to Marina One, with 1.88 million sq ft of premium Grade A office space on offer.

Among the household names that call Marina One home are professional services network PwC, insurer Prudential, agri-business Olam International, oil giant BP Global, Swiss private bank Julius Baer, global shipping company Ocean Network Express and financial institutions Daiwa Capital and Mitsubishi UFJ Financial Group.

This is likely to drive up overall investment and rental demand for Marina One Residences.

Mr Ismail Gafoor, chief executive officer of PropNex, says in any property investment, rental yield is important, as it will determine the future capital appreciation of the unit.

He adds: “Marina One Residences is located in the heart of the business district at Marina Way, attracting a workforce made up of both locals and expats. This will provide ample demand for rental that will bode well for its future capital appreciation.”

Marina One Residences also offers superb connectivity. It is next to Downtown MRT station and Marina Bay MRT station, which will be one of Singapore’s largest and most widely connected MRT interchanges by 2021.

Residents will be well served by four MRT lines: North-South Line, Circle Line, Downtown Line and the Thomson-East Coast Line, which is currently under construction.

A future underground pedestrian link will also connect the development to Raffles Place. For those who prefer to drive, major expressways such as the Marina Coastal Expressway and the East Coast Expressway are located nearby and will link them easily to all corners of the island.

Flanked by nature

Marina One Residences is designed by an internationally renowned architect in sustainable design, Christoph Ingenhoven of Ingenhoven Architects, while its landscaping is the brainchild of Gustafson Porter, who is well known for his innovative and contemporary landscaping.

Indeed, Marina One Residences’ most unique feature is its abundance of lush greenery.

The Green Heart spans over 65,000 sq ft and comprises almost 400 different species of plants, multi-level sky gardens and terraces and even a magnificent 13m-high waterfall. The verdant greenery offers residents respite from the bustle of the city.

Mr Gafoor says: “Marina One Residences is the only plot [in Marina Bay] to have two gardens in front and behind the development — a unique trait for a private development.”

The development also gives residents easy access to three beautiful parks, as it is flanked by Marina Station Square and Central Linear Park, and situated near Gardens by the Bay.

If you prefer, just take in the incredible view from your apartment window, or the balcony that features a bespoke Marina One weave.

Imagine gazing at the sea, the city skyline with Singapore Flyer clearly distinguishable, and the Supertrees of Gardens by the Bay every day — a million-dollar view only a lucky few will enjoy.

Impressive facilities and amenities
Quality imported appliances and fittings from Miele, Poggenpohlin every unit make for a dream kitchen fit for aspiring chefs.

Bathrooms are also equipped with stylish bathroom wares by Villeroy & Boch, known for its timeless elegance, innovative design and superior quality.

Those who prefer to dine out can choose from a wide range of quality restaurants at their doorstep.

At the retail podium dubbed The Heart is a 140,000 sq ft mall in a garden. Your taste buds will be tantalised by a comprehensive selection of cuisines — from Korean takeaway Yoli Box to healthy smoothies from Miss Kefir, and signature fine dining from Majestic Restaurant to Wakanui Grill Dining from New Zealand.

For even more lifestyle options, head to the food court for a fuss-free meal or pick up your groceries at Cold Storage supermarket. Pop by the wine shops, grab a cuppa at the cafes or visit the hair and beauty salons in The Heart. Alternatively, take part in the many fitness classes on offer at Virgin Active fitness club.

Noting that these amenities are prized by residential tenants, Mr Gafoor says: “The greatest advantage of living in a mixed development is the convenience of having an array of amenities at one’s doorstep without the hassle of having to commute just for daily necessities.

“Instead, one is able to head straight to the retailers after work. Tenants do pay a premium price to enjoy the convenience and lifestyle that mixed developments provide over other condominium developments.”

Strong potential growth

With all factors considered, Mr Gafoor has a favourable view of the potential of Marina One Residences in terms of increased return of investment.

Studying the current bullish market indicators, he says: “With the high land costs in outlying areas, the recent strong land bids and record prices at collective sales, Marina One Residences bodes well in terms of capital appreciation, being located in the Core Central Region (CCR).

“Prices for CCR properties in Orchard Road are already hitting the $4,000psf mark, which increases Marina One Residences potential, moving forward.”

Coupled with its unbeatable location, good connectivity, top-notch amenities and proximity of quality tenants, it is no wonder that Marina One Residences is glittering on the radar of not just local, but also global property investors.

Additionally, Mr Gafoor notes that the availability of white sites and reserve land around Marina One Residences would mean future developments and potential upside growth.

Whether they are looking to purchase their dream homes or investing for rental yield, sharp-eyed purchasers know one tenet of property investment well: Early birds net the biggest gains.

If you have your eye on Marina Bay, don’t miss your chance to own your dream home before prices skyrocket.

Join The Discussion

Compare listings