Who would have thought that just 40 odd years ago, the little red dot that is Singapore was really just a swamp. With its National Day just round the corner, Singaporeans have much to be proud of for where it stands now, against the world. With a stable currency and having one of the best labour force in the world, there's no wonder why Singapore is fast becoming the financial centre of South East Asia, and Marina Bay, also known as the New Downtown, is possibly the most premium business address.
With the announcement of Marina Bay Suites' TOP (Temporary Occupation Permit), it also marks the completion of the most important development in recent history for Singapore -- Marina Bay Financial Centre. The 66-storey Marina Bay Suites has already sold 90 percent of its 221 units through private previews and sales in both local and overseas markets. This announcement also marks the final release of the last 10 percent (23units), mostly from the uppermost floors, including two penthouses.
Marina Bay Suites consists of solely family units, which means they're purely three and four bedrooms. Reason for this is that survey from the previous Marina Bay Residences project has shown that the demand in such units outweigh those in studio apartments and one or two-bedroom units. And to meet that demand, all of the apartments in MBS range from 1,600 to 2,700 square feet. Floor-to-ceiling windows, view of Marina Bay Sands, Miele kitchen appliances and quality fitting from Laufen, Steinberg and Reginox are really just some of notable highlights you get from purchasing a unit there.
Sky lounges are located at levels 27 and 46, while a 50-metre lap pool and gym are located on the sixth floor. Those of you who've already been to the MBFC area would probably be aware of the after-work pubs such as Level 33 (good beers and quite the view we must say) and Boulevard. So with all that, what is the price tag we're looking at for Marina Bay Suites? The 5,600 square feet penthouse that was sold in October 2012 went for a hefty S$19.3 million, so right now we're probably looking at S$2,700 per square feet. Well, they aren't called trophy apartments for nothing.
For more information, please visit www.mbfc.com.sg.