In the first launch of the Marina One development, more than 85 percent of the units released during the preview phase were grabbed up. There was overwhelming interest from not only locals but also Malaysians and foreign buyers.
The strong response indicates the popularity of the Marina One Residences, and with good reason – the easy access to 4 different MRT lines and famous city attractions around the area.
For the first launch in 2014, purchasers of three or more units started balloting the earliest, with the balloting by purchasers of two units happening next and the purchasers of one unit balloting the last. Such a strategy where purchasers of multiple units were given the advantage of balloting first worked in the favor of the developer, M+S.
Although Singapore was pushed down the ranking of top 20 cities for property investment since 2014, the real estate market is expected to perk up again this year. This is after various measures set by the government to cool the market. However, those that are considering investing in real estate should first consider their job security and stability of their income. This is due to how investing in real estate has become a long-term commitment where investors should judge the property based on its fundamentals instead of the glamor of the show flat.