One Marina Gardens, the latest residential project in Singapore’s Marina South, sold 346 units during its launch weekend. The development, strategically located opposite Gardens By The Bay, attracted thousands of visitors eager to invest in this new housing area planned by the Urban Redevelopment Authority (URA).
The project is designed as a “10-minute neighbourhood,” offering residents easy access to retail services, community facilities, transport options, offices, and hotels within a short walk. The development will also feature a Marina Coastal Park and retail options on the first level of all five land parcels along Marina Gardens Drive, with an underground link connecting Marina South and Gardens By The Bay MRT stations.
The launch saw significant interest from both investors and owner-occupiers, with the most popular units being the 1-bedroom flats, according to Huttons Asia CEO Mark Yip. Other sought-after options included 2+S bedroom, 3-bedroom, and 4-bedroom units with views of Gardens By The Bay. The starting price of S$1.16m for a 1-bedroom unit was particularly attractive to investors, who can expect up to a 4% gross yield based on current rents in the Central Area.
Despite recent uncertainties caused by on-and-off tariffs, Yip noted that buying sentiments are expected to return as buyers assess the impact. He also highlighted the potential for increased foreign interest in Singapore properties, given the city’s reputation as a stable investment environment. Looking ahead, construction costs in Singapore are forecasted to rise in 2025 and 2026 due to major infrastructure projects, which could drive future selling prices upwards. Huttons Asia maintains its estimated sales volume of 7,500 to 8,500 units and a price growth of 4% to 7% in 2025.
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