Vincent Ong 6598531741

Marina Bay and Tanjong Pagar condos still draw interest

Many of the new developments in these areas are mixed-use and combine work-live-play components. Despite the fact that many of them are leasehold, they attract those who like inner-city living. Some examples are V on Shenton, Marina Bay Residences, Marina One, Wallich Residence and Skysuites @ Anson.

The Marina Bay area is unlikely to see any new supply coming on stream in the short term, and developers are not in a hurry to clear their unsold inventory.

In the nearby Tanjong Pagar area, 2 units at the 360-unit Skysuites @ Anson changed hands during the week. The most expensive unit sold so far at the 99-year leasehold condominium was a 1,011 sq ft, three-bedder on the 69th floor. It fetched $2.94 million ($2,904 psf) in May, when it was bought from the developer, Allgreen Properties, the Singapore real estate arm of Kuok Group, controlled by the family of Malaysian tycoon Robert Kuok.

– September 8, 2018

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Skysuites @ Anson

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