The Sail @ Marina Bay Archives

The Sail at Marina Bay

The Sail @ Marina Bay – an icon set at the skyline of Marina Bay, which is located in Marina Boulevard. It is considered a 6-star waterfront lifestyle condominium. An architectural icon soars to greet the sky, the structure of The Sail is 245 metres and 70 storey high. The Sail when completed is Singapore’s tallest condominium / apartment and it is among the top 10 tallest residential building in the world...

Unit at The Sail hits $2,999 psf

There has been a flurry of transactions at The Sail @ Marina Bay, with prices playing catchup with those at Marina Bay Residences (MBR). Last month, a unit at MBR hit an alltime high of $4,368 psf. A 2,368 sq ft apartment on the 46th floor was sold for $10.3 million on April 15. This trumped the previous record of $3,790 psf, which was achieved when a 1,959 sq ft unit on the 46th floor was sold for $7.2...

Unit at The Sail hits $2,990 psf

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...

Unit at The Sail hits $2,990 psf

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...

Apartment at The Sail hits $3,204 psf

High-end properties are revisiting the $3,000 psf price range. In the Marina Bay area, the 1,111-unit The Sail @ Marina Bay steals the spotlight once again with six transactions in the week of Jan 26 to Feb 5; four above $2,000 psf while two crossed the $3,000 psf level. While Sentosa Cove and Keppel Bay are abuzz over the opening of Resorts World at Sentosa, excitement is also mounting at Marina Bay as...

The Sail @ Marina Bay hits $2,800 psf

The completion of the upcoming Marina Bay Sands integrated resort next year and the VIP private preview of the 221-unit Marina Bay Suites have put the spotlight back on The Sail @ Marina Bay. Sales activity at the 1,111 unit The Sail has picked up pace in recent weeks. Nine transactions were done in the first week of November alone — versus 10 deals achieved for all of October. Prices achieved in the...

Marina Bay Residences hits $2,500 psf

In the Marina Bay area, transactions at Marina Bay Residences have once again reached stratospheric levels, with prices returning to levels seen in 2H2007. Sub-sales of units at Marina Bay Residences have steadily crept up from a low of $1,433 psf in April to a high of $2,500 psf last month. This is the highest price per square foot achieved not just in 2009 but since May last year, when a 3,961 sq ft...

Renewal of interest in Marina Bay apartments

As market sentiment picks up, not only has the number of transactions increased, but prices have also firmed up across the board. The clearest evidence of this is at Marina Bay, where apartments have seen a spike in the number of transactions in the secondary market. At the 1,111-unit The Sail, which was completed in 4Q 2008, the most recent transaction was a 50th floor, 2,174 sq ft apartment that changed...

Marina Bay Suites may be delayed

Maintaining target price of $3000 psf, project may only launch in 2012 IF THE market for luxury homes fails to pick up, the launch of Marina Bay Suites may be held off until 2012 when the project is completed, Mr Wilson Kwong, the general manager of Raffles Quay Asset Management said in an interview with Lianhe Zaobao yesterday. Marina Bay Suites was scheduled for launch during Chinese New Year this...