Newbie
Price is ok. Still cheap.
But I would rather you go for stack 10/11 if you have a slightly bigger budget. As for size wise, not much difference with stack 10. Stack 11 is the best back facing stack with lots of windows, sunlight and best layout. With a storeroom as well. Correct me if I am wrong because I started looking at sail recently only.
Originally Posted by danielchow
F01 N54 Sheer Driving Pleasure
Oh my!
In just a 3-weeks duration, that figure for The Sail at Marina Bay has changed from $3,05x psf to $3,205 psf!
Why change so fast? Rushing for RWS opening this weekends?
We know how you feel. Wait for 1 month and see URA data. 3,205 psf. Just confirm with my agent. 5x-05 (above 55th). That is the truth. No need to rebut. Numbers talk the loudest
Newbie
what is the historical premium a bayview holds over a poolview im percentage terms?
Newbie
Maybe around 70% above the carpark facing. When it moves, all moves together, right? I remember, bay view was around 2k psf when carpark view around 1150 psf. Now, bay around 3.2k when carpark view around 1.8k psf.
Senior
These people are bloody mad!!
Newbie
Well, maybe they like the location or view? If 3200 psf is mad, what is 5600 psf for orchard? It is just illogical some times when it come to housing.
Junior
just saw this video of the neighbourhood
http://www.ura.gov.sg/videos/video_NDR09.html
Global recession is coming....
Don't think they are mad - they just have too much money to splurge!
However, this doesn't mean that every unit automatically will transact at $3000+ psf.
Junior
Yeah, let's see if there will be any $1M HDB sale anytime soon.Don't think they are mad - they just have too much money to splurge!
However, this doesn't mean that every unit automatically will transact at $3000+ psf.
BE CENTRED BY ALL AT THE FRINGE OF THE CITY @
Junior
Bay abt 3.3k, pool 2.3k.
Global recession is coming....
I believe it is a matter of time (Probably not too far away).
Yeah, let's see if there will be any $1M HDB sale anytime soon.
F01 N54 Sheer Driving Pleasure
$1 psf mistake?
The Sail at Marina Bay
Address ............................ psf .............. Area ........ Price ............ Contract Date
2 Marina Boulevard #58-04 .... $3,204 psf .... 936 sqft .... $3,000,000 .... 29 Jan 10
Junior
I don't think it's a mistake.
Some databases use 87 sq m which is 936.46 sq ft.
Hence $3,000,000 / 936.46 sq ft = $3,203.55 which is then rounded to $3,204 psf.
Junior
MBR stack 10 just done 2980psf.
So far think MBR this is the highest done this year.
My #4x-10 can sell 3500psf already
Senior
Mr Tycoon, have you offloaded any of ur units at Keppel and The Sail?
MBR stack 10 just done 2980psf.
So far think MBR this is the highest done this year.
My #4x-10 can sell 3500psf already
Junior
No more Sail. As my fortune will sail away if I own any sail. keppel not so fast, market just started, lots of room to chong. why sell reflections? Such a nice project compare to e next door.Mr Tycoon, have you offloaded any of ur units at Keppel and The Sail?
Junior
Why "fortune will sail away"?
Last time you owned 5 units of "The Sail" when they launched but you made tonnes of money. Why now "fortune will sail away"?
Global recession is coming....
Wow! $3,204 psf for 99LH now that was initially launched at around $900+psf? Got any of these view or not to justify the price?
Junior
wow, this is madness. Sail price are jumping so fast.
Newbie
Altez got no view but transacting close to 2k psf. I think 3204psf is underpriced. How I wish I can turn back time and buy an unit there.
F01 N54 Sheer Driving Pleasure
Done Deals
Apartment at The Sail hits $3,204 psf
The Edge
Monday, 1 March 2010
The Sail @ Marina Bay
High-end properties are revisiting the $3,000 psf price range. In the Marina Bay area, the 1,111-unit The Sail @ Marina Bay steals the spotlight once again with six transactions in the week of Jan 26 to Feb 5; 4 above $2,000 psf while 2 crossed the $3,000 psf level. While Sentosa Cove and Keppel Bay are abuzz over the opening of Resorts World at Sentosa, excitement is also mounting at Marina Bay as Las Vegas Sands announced last Wednesday it will open the first phase of its US$5.5 billion ($7.8 billion) Marina Bay Sands integrated resort with casino on April 27, and the 2nd phase on June 23.
The 2 resale transactions at The Sail at above $3,000 psf were for 2 neighbouring units on the 58th floor of the 63-storey Tower 2. According to a Feb 1 caveat lodged with URA Realis, an 883 sqft 2-bedroom unit was sold for $2.69 million or $3,048 psf. The previous owner purchased the unit when Tower 2 was launched in late-2004 for a mere $961,830 ($1,090 psf), hence recognising capital gains of close to 180% in 5 years.
The other sale was for a 936 sqft 2-bedroom apartment that went for $3 million ($3,204 psf). The previous owner recognised capital gains of 200%, as he had purchased the unit at launch for $1,065 psf or $997,216.
Developed jointly by giant listed property developer City Developments Ltd and AIG Real Estate, Tower 2 was launched in October 2004 and completed in mid-2008, while the 70-storey Tower 1 was launched in 2005 and completed in 4Q2008.
The last time a unit at The Sail at Marina Bay crossed the $3,000 psf level was when a 60th-floor, 1,033 sqft unit in Tower 2 changed hands in a sub-sale for $3.5 million ($3,387 psf), according to an 4 April 2008 caveat. That is still the record in terms of psf price. The previous owner of the apartment, however, had purchased the unit in a sub-sale for $2,999 psf, according to an Aug 6, 2007 caveat, and only recognised some 13% in gains.
At the peak of the most recent property boom from August to October 2007, there were 5 sub-sales at $3,000 to $3,300 psf at The Sail. Perhaps we will see more transactions at such price levels in the coming months as the opening of the IR gets closer.
The other 4 transactions were at $2,080 to $2,600 psf. According to a Feb 2 caveat, an 861 sqft, Marina Bay-facing unit on the 39th floor of Tower 1 changed hands for over $2 million ($2,367 psf). The previous owner did a quick flip; according to an earlier caveat, the unit last changed hands in August at $2,100 psf. Hence, he recognised a gain of 12.7% in about 6 months. The first owner purchased the property in November 2005 at the launch for just over $1 million ($1,174 psf). His capital gain over a 4-year period was close to 79%.
While The Sail is the most actively traded project at Marina Bay, Icon earns that title at Tanjong Pagar. Launched in 2003 just after the SARS outbreak, the 646-unit project by Far East Organization was completed in 2007. From end-January to early February, there were 3 resale transactions at Icon at $1,449 to $1,600 psf.
One was for a 915 sqft unit on the 25th floor of the 46-storey building, which changed hands for $1.464 million ($1,600 psf), according to a Feb 1 caveat. The previous owner purchased the unit 3 years ago, according to a February 2007 caveat, for $896,000 ($979 psf), hence seeing a gain of 63.4%.
A 13th floor, 657 sqft 1-bedroom apartment went for $1,599 psf ($1.05 million). This is the 3rd time the property has changed hands in the secondary market. The previous owner purchased the unit in February 2007 for a prosperous amount of $888,888 ($1,354 psf), hence recognising an 18% gain. However, the owner before that saw an 82% capital appreciation in just over a year as he had purchased it for just $488,000 ($743 psf), according to a December 2005 caveat. The very first owner purchased the unit at launch in 2003 for $454,600 ($692 psf).
With Far East Organization having started private previews of the 280-unit, 62-storey Altez right next door to Icon, interest has once again returned to the area. Since the private previews started on Feb 10, 140 out of 155 units released were sold at an average of $1,850 psf. Not surprisingly, asking prices at Icon have also increased in tandem.
In the Tanjong Pagar area, Allgreen Properties is expected to launch its project (Skysuite) next to Altez in 2Q, and market speculation is that Hong Leong Holdings will likely launch 76 Shenton Way, which will be redeveloped into a high-end condominium tower at prices in the $2,000 psf range.
Junior
A record was broken @ 34xxpsf.
Newbie
#5x-05 @ 3413 psf.
Stack 5 again. The prices are getting ridiculous.
F01 N54 Sheer Driving Pleasure
$3,413 psf?
Wow!
So we have finally broken the all-time-high record of $3,387 psf set on 4 April 2008?
Junior
gfoo must be very happy!
Junior
where got happy? i won't sell my own residence so mana ada profit.gfoo must be very happy!
Junior
Have you bought the POS unit at The Sail so that you can be under 'one roof' with your mom and baby brother?
Very soon, even a POS will reach $3,413 psf!
definitely not for investment or renting out. prob my mom and/or baby brother to stay so the fambly is under 'one roof', but still not too close for comfort. good also for my brother if he finds a job in the city when he graduates in a few years timeYou must ask gfoo why he want to buy this POS studio.'piece of shit' lolI also kena once. I wait till we are at the pool then I gave him a good F in front of the crowds.
Btw what is POS studio?
mainly applies to sub 8 floor, carpark facing
toying with this idea coz i'm not like terribly rich - middle class scraping by so must stretch the dollar
Junior
tt unit too expensive now - missed the boat. the #58-05 that completed at $3413 was option issued end Jan i believe.
Last edited by gfoo; 13-03-10 at 09:04.
Newbie
THE SAIL @ MARINA BAY MARINA BOULEVARD Apartment 1 9,325,350 3,391 Strata 2,750 Apr-10
F01 N54 Sheer Driving Pleasure
More than 30 units of Marina Bay Suites sold
Prices for latest preview are 15-20% higher
Kalpana Rashiwala
The Business Times
Friday, 30 April 2010
Artist's impression: Marina Bay Suites has a total 221 units, comprising 218 3- or 4-bedroom apartments and 3 penthouses
More than 30 units were sold at a preview for Marina Bay Suites yesterday. They were among a batch of 36 apartments released on 9 floors in the 66-storey condominium project and which are priced between $2,167 psf and $3,133 psf.
Analysts observe this pricing is about 15 to 20% higher than the $1,900-2,600 psf for the initial batch of about 90 units sold in the condo late last year.
Some potential buyers may have found the quantum of price hike, taking place within a space of less than 6 months, 'a bit too heavy', as a market watcher put it.
The most expensive unit sold yesterday is said to cost about $8.4 million; it is a 4-bedder-with-study on the 51st level. The 'cheapest' of the 36 apartments is a 3-bedroom apartment on the 70th storey priced at $3.5 milllion.
The 90-odd units sold last year were mostly below the 46th storey sky terrace.
Those who picked up a unit yesterday are said to comprise a good mix of foreigners and Singaporeans. BT understands the 36 apartments offered range from 1,615 sqft for a 3-bedder to 2,690 sqft for a 4-bedder with study.
Marina Bay Suites has a total 221 units, comprising 218 3- or 4-bedroom apartments and 3 penthouses. A typical floor has only 4 apartments with private lift lobbies in every unit. Each penthouse comes with its own swimming pool.
While the earlier preview was held on the mezzanine level of One Raffles Quay, yesterday's sales were at a showflat built on the fourth floor of the Marina Bay Financial Centre Office Tower 1.
The latest preview was open to those who had registered interest. From today, sales will be by appointment. The project is being marketed by CB Richard Ellis and DTZ.
This week's preview is timed to ride on the partial opening of the nearby Marina Bay Sands integrated resort on Tuesday.
Marina Bay Suites is being developed by a consortium controlled by Keppel Land, Cheung Kong Holdings and Hongkong Land Holdings.
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