186 views
Photo by Zaonar Nyaninda from Pexels

One Marina Gardens sells 37% of units on launch weekend

Most units sold were the one- and two-bedroom unit types.

One Marina Gardens sold around 37% of its total 937 units at an average price of about $2,953 per square foot on launch weekend, according to PropNex Realty.

Ismail Gafoor, chief executive officer of PropNex Realty, said most units sold were the one- and two-bedroom unit types.

“Indicative prices started upwards of $1.16m for the one-bedroom units, $1.8m for the two-bedroom units, $2.45m for the three-bedroom units, and $4.45m for the four-bedroom type,” Gafoor said.

For Mark Yip, chief executive officer of Huttons Asia, there may be more foreign buyers seeking to buy properties in Singapore.

“There is no revision to our estimated sales volume of 7,500 to 8,500 units and price growth of 4% to 7% in 2025,” Yip said
 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.