In recent times, many developments in Marina Bay precinct have been experiencing substaintial losses in resales market including million dollars loss which made the headlines. This resulted in many buyers had the wrong impression of marina bay when it come to investment.
This trend continue until One Marina Gardens recently launched and we think this can be game changer for those buyers who are interested in this area but hesitated due to high percentage of transactions making loss. Let us elaborate more on why One Marina Gardens may be different from past developments in Marina Bay area. In terms of one marina gardens price, it offers unique advantages.
First of all, we did comparison between the resales developments and One Marina Gardens. The resales price gap and One Marina Gardens is pretty narrow and in fact One Marina Gardens offer overall lower quantum due to its efficient layout which resulted in smaller size. When The Sail @ Marina bay first launched in 2004, much hype surrounding it and the launch price surge more than 100% in just one year! With the subsequent launches of Marina Bay residences, Marina Bay Suites etc, all these developments are focusing on much larger unit sizes mainly targeting foreign investors. When financial crisis happened in 2008 and additional buyer stamp duty (ABSD) imposed in 2011, the price of these developments didn’t recover to its peak even till today. This context is essential when considering one marina gardens price.
Let us compare One Marina Gardens vs the resales projects in District 01 and 02 in term of size, age and price.
| Bedroom Type | Name | Size (sqft) | TOP | Price |
| One Bedroom | Marina Bay Residences | 710 – 753 | 2010 | $1.42mil – $1.825mil |
| Marina One Residences | 678 – 775 | 2017 | $1.38mil – $1.9mil | |
| The Sail @ Marina Bay | 592 – 689 | 2008 | $1.1mil – $1.64mil | |
| V on Shenton | 441 – 947 | 2017 | $945K – $1.8mil | |
| ICON | 560 – 904 | 2007 | $990K – $1.89mil | |
| Altez | 603 – 861 | 2014 | $1.08mil – $1.68mil | |
| Skysuites @ Anson | 366 – 398 | 2015 | $832K – $955K | |
| One Bernam | 441 – 463 | 2026 | $1.14mil – $1.55mil | |
| The Clift | 495 – 818 | 2011 | $963K – $1.675mil | |
| One Marina Gardens | 431 – 452 | 2029 | $1.16mil – $1.3mil |
| Bedroom Type | Name | Size (sqft) | TOP | Price |
| Two Bedroom | Marina Bay Residences | 1055 – 1227 | 2010 | $2.1mil – $3.42mil |
| Marina One Residences | 1033 – 1281 | 2017 | $2mil – $2.63mil | |
| The Sail @ Marina Bay | 861 – 1033 | 2008 | $1.55mil – $2.5mil | |
| V on Shenton | 883 – 1216 | 2017 | $1.73mil – $3mil | |
| ICON | 883 – 1281 | 2007 | $1.74mil – $2.38mil | |
| Altez | 990 – 1184 | 2014 | $2.05mil – $2.25mil | |
| Skysuites @ Anson | 667 – 700 | 2015 | $1.4mil – $1.61mil | |
| One Bernam | 700 – 872 | 2026 | $1.735mil – $2.4mil | |
| The Clift | 775 – 1076 | 2011 | $1.55mil – $2mil | |
| One Marina Gardens | 646 – 732 | 2029 | $1.81mil – $2.2mil |
| Bedroom Type | Name | Size (sqft) | TOP | Price |
| Three Bedroom | Marina Bay Residences | 1636 – 1981 | 2010 | $3.75mil – $6.1mil |
| Marina One Residences | 1539 – 1582 | 2017 | $3.3mil – $3.43mil | |
| The Sail @ Marina Bay | 1184 – 2045 | 2008 | $2.185mil – $4.5mil | |
| V on Shenton | 1356 – 1765 | 2017 | $2.6mil – $4.25mil | |
| ICON | – | 2007 | – | |
| Altez | – | 2014 | – | |
| Skysuites @ Anson | 958 – 1141 | 2015 | $2.52mil – $2.6mil | |
| One Bernam | 872 – 1948 | 2026 | $2.1mil – $5.3mil | |
| The Clift | – | 2011 | – | |
| One Marina Gardens | 904 – 1238 | 2029 | $2.47mil – $2.89mil |
| Bedroom Type | Name | Size (sqft) | TOP | Price |
| Four Bedroom | Marina Bay Residences | 2368 – 2379 | 2010 | $6mil – $6.9mil |
| Marina One Residences | 2002 – 2250 | 2017 | $6.4mil – $6.6mil | |
| The Sail @ Marina Bay | 1647 – 2185 | 2008 | $3.1mil – $5mil | |
| V on Shenton | 4BR is penthouse type | 2017 | – | |
| ICON | – | 2007 | – | |
| Altez | – | 2014 | – | |
| Skysuites @ Anson | – | 2015 | – | |
| One Bernam | – | 2026 | – | |
| The Clift | – | 2011 | – | |
| One Marina Gardens | 1647 | 2029 | $4.65mil – $5.1mil |
From past transaction of all bedroom types, One Marina Gardens price point is clearly within the resales price range. One interesting trend is that the bigger the bedroom type, the wider the price gap is. This is one of main reason why majority of the transactions in Marina Bay involved huge losses are large format units. As much as space is still premium in Singapore, larger units clearly losing its appeal especially without the foreign buyers.
The developer of One Marina Gardens had planned well of its layout under GFA harmonisation rule meaning aircon ledge is no longer part of strata area. This is game changer for future buyers as One Marina Gardens offer more roomy bedrooms without compromising the space. For example, comparing a 1647 sqft 4bedroom at The Sail @ Marina Bay vs One Marina Gardens, the latter will clearly have more liveable space. Though the price difference between The Sail and One Marina Gardens is more than 1 million, this translate still fair price to us as the age gap between both developments is 21 years by the time One Marina Gardens TOP in 2029.
The Sail 3 BEDROOM layout
Marina Bay Residences 3 BEDROOM layout
Marina One 3 BEDROOM layout
What we feel about One Marina Gardens performance:
☑ Huge age gap between resales market offer great opportunity for One Marina Gardens exit strategy
☑ Pricing similar to district 02 can now able to do so in district 01 by entering One Marina Gardens
☑ If school is not of a concern, One Marina Gardens offer great living experience next to iconic park and amentities. With MasterPlan 2025 transformation, owners of One Marina Gardens can look forward to more developments in future and elevated its price growth with ongoing transformation plan.
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