One Marina Gardens Price insight

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 eloborate more on why One Marina Gardens may be different from past developments in Marina Bay area.

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 hyde 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 large 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.

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.

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.