![](\"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/Marina-One-Residences-Overview.jpg?fit=1389%2C861&ssl=1\")
\nExternal view of Marina One, an integrated development comprising luxury residences, retail, lifestyle and F&B spaces as wells as Grade A offices. Photo: M+S
\nThere has been a significant upswing in real estate demand this year as Singapore boosts efforts to reopen its borders.
\nIn fact, in the luxury segment, home sales rose to a new high in more than 10 years in Q2 2021.
\nChristine Sun, Senior Vice President of Research & Analytics at Orange Tee &Tie noted that based on Urban Redevelopment Authority (URA) data, prices for condominiums in the Core Central Region (CCR) grew 4.9 per cent over the past five years.
\n\u201cFor those buying for rental income, the returns have been favourable since landlords face little difficulty finding tenants in general\u201d, she said
\nEchoing the positive sentiment, Mark Yip, CEO, Huttons Asia, added that he is positive on the overall property market and CCR in 2021 and 2022.
\n\u201cInvestors are finding value in the CCR. Once the border measures are gradually eased with more Vaccinated Travel Lanes (VTLs), we may see more inflow of foreigners and that will spur growth in the rental market,\u201d he added.
\nWithin the CCR, a much sought-after location remains Marina Bay. The area has been extensively developed over the last two decades and is now flanked by gleaming skyscrapers and world class attractions.
\nOne of the latest additions to the area is Marina One, a 3.67 million square feet integrated development comprising luxury residences and over 140,000 sq ft of retail, lifestyle and F&B spaces and Grade A offices.
\nThe Luxury Of Space\u00a0
\nUnit sizes in this 99-year development are spacious and hard to come by.
\nTake for example the one-bedders which range between 657 sq ft and 775 sq ft.According to PropNex Chief Executive Officer Ismail Gafoor, the one-bedders at Marina One Residences are slightly bigger than the recent one-bedroom units launched in the CCR which are on average sized around 500 square feet.
\n\u201cIn today\u2019s norm, the one-bedroom units at Marina One Residences are on par with some 2-bedroom units in new developments in the central region. The generous floor space is increasingly less common amongst new homes and is something homebuyers will continue to value,\u2019\u2019 he added.
\nThe development also has 2-, 3- and 4-bedroom layouts as well as penthouse units. Many of the 2- and 3- bedders come with a study and is perfect for WFH arrangements.
\nMarina One Residences offer 2-, 3-, 4- bedroom and penthouse units with spacious layouts. Photo: M+S
\nBuyers will also be glad to know that units in the development are competitively price and start from 2,200 psf.\u00a0
\nAlmost Immediate Rental Returns
\nAnother pull factor that Marina One Residences offer is that units are ready for immediate occupation. This means that investors can look forward to almost instant rental returns.
\nIn addition, Marina One Residences will have a ready pool of potential tenants from the Marina One Office towers while also being situated in the heart of the financial and business district. This provides a robust leasing base for investors to tap on.
\nMarina One\u2019s twin 30-storey office towers are occupied by some of the biggest multinationals and Fortune 500 companies including professional services network PwC, Swiss private bank Julius Baer, and oil giant BP.
\nMarina One Residences, developed by M+S, was completed in 2018, offering buyers immediate occupancy or the option to immediately rent out the units. Photo: M+S
\nYip opines that Marina One Residences\u2019 integrated concept and rare unit sizes makes the project stand out, offering a different value proposition in District 1.
\n\u201cMarina One Residences is a reputable integrated development developed by two sovereign wealth funds. It has residential, retail and office components and is linked to 3 MRT stations connecting to 4 lines. Furthermore, the presence of an immediate tenant pool from the office tower makes it easier to rent out the units,\u201d Yip shared.
\n\u201cInvestors who value this will find Marina One Residences compelling and not to be missed,\u201d he added. \u00a0
\nPropertyGuru data shows that rental prices for 1 bedrooms in the development is between S$4.68 sq\/ft \u2013 S$6.04 sq\/ft \u00a0and has held steady despite the pandemic.<\/p>\n