A cornerstone of Singapore’s evolving Marina South skyline, One Marina Gardens represents the inaugural residential development in a precinct poised for significant transformation under the Urban Redevelopment Authority‘s far-reaching master plan.
Situated in the prime District 1, this 937-unit development offers direct connectivity to Marina South MRT station and strategic proximity to landmarks such as Gardens by the Bay, Marina Bay Sands, and the Central Business District.
Experience District 1 living with unmatched connectivity and prestige at this 937-unit development neighboring Singapore’s iconic attractions.
The 99-year leasehold property, developed by a Kingsford Group joint venture, features a price per square foot ranging from S$1,944 to S$3,302, with unit prices spanning S$1.16 million to S$5.12 million.
Scheduled for completion between 2027 and 2028, One Marina Gardens stands as the first residential component in an area the URA envisions will eventually accommodate 10,000 residential units.
Market analysis reveals mixed performance among comparable developments in the vicinity.
Marina Bay Residences experienced a 9% price decline from 2012 to 2022, while The Sail @ Marina Bay has maintained relatively stable pricing over the past decade.
Marina One Residences shows fewer transactions with a mainly foreign ownership profile, suggesting potential implications for future liquidity.
The development offers extensive amenities including a 50-meter lap pool, gym, tennis court, landscaped gardens, and premium views of Marina Bay and the sea.
First-storey commercial spaces will provide limited convenience, though early residents may face a shortage of immediate amenities as the precinct develops.
The project aligns with Singapore’s sustainability goals by incorporating features that achieve BCA Green Mark Platinum Super Low Energy certification standards.
Investors should note certain risk factors, including potential oversupply as additional Marina South developments materialize, construction disruptions during the area’s development phase, and competition from established resale units in neighboring developments.
However, the government’s long-term commitment to developing the area, planned infrastructure improvements, and the limited supply of new launches in prime districts may counterbalance these concerns.
One Marina Gardens represents a calculated entry point into Singapore’s ambitious Marina South vision, with corresponding high-entry barriers and potential for future appreciation as the precinct matures.
The property features diverse unit options catering to different buyer preferences, with intuitive layouts ranging from studios to penthouses that maximize space and functionality.
Foreign buyers should be aware of the 60% ABSD applicable on residential property purchases, significantly impacting investment returns and affordability calculations.
