Kingsford Group announced on March 30 that the One Marina Gardens sales gallery saw around 5,000 visitors over its opening weekend on March 29 to 30. Sales will commence a fortnight later on April 12.
The 937-unit development at Marina Gardens Lane is the first residential project in Marina South in District 1 of the Rest of Central Region (RCR). It spans across two towers: a 30-storey and 44-storey block and comes with a commercial podium with two restaurants, two shops and a childcare centre on the first level.
One Marina Gardens is adjacent to Gardens by the Bay. Hence, units facing the 101ha park will have “breathtaking panoramic views of the city and Marina Bay,” says Ken Low, managing partner of SRI, one of the joint marketing agencies for the project.
Although there are more than 16 plots slated for launch at the Marina Gardens precinct in Marina South, One Marina Gardens is one of the few plots right next to the entrance to the Marina South MRT Station on the Thomson-East Coast Line (TEL), notes Low.
Source: EdgeProp Landlens
The upcoming residential township will be a 10-minute neighbourhood with amenities such as shops, parks, an MRT Station, a pedestrian mall and an elevated landscaped bridge from Gardens by the Bay to the Marina Coastal Park. “The new neighbourhood at Marina Gardens will bring a breath of fresh air into an otherwise cold and hard downtown area, making it more liveable than in the past,” adds Low.
One Marina Gardens is scheduled to obtain its Temporary Occupation Permit in 3Q2028. Apartments are a mix of one- to four-bedroom types and include dual-key options for three-bedroom units. The indicative average unit price is between $2,850 psf and $2,900 psf.
Absolute prices start from $1.16 million ($2,762 psf) for a one-bedder; from $1.8 million ($2,786 psf) for a two-bedder, from $2.45 million ($2,710 psf) for a three-bedder; and from $4.45 million ($2,702 psf) for a four bedder.
“Potential buyers are drawn to One Marina Gardens given their attractive entry price points, in terms of both psf and quantum for a key area in our downtown,” says SRI’s Low.
According to Marcus Chu, CEO of ERA, One Marina Gardens marks the launch of the first land parcel at Marina South, which will eventually see over 10,000 dwelling units when the precinct is developed.
Chu sees interest in the project from high-net-worth individuals searching for prime investment opportunities. “Singapore has witnessed a significant surge in the establishment of Single-Family Offices, which has seen a y-o-y growth of 42.9%,” he says. “This trend further solidifies Singapore’s position as a highly attractive destination for property investment.”
