A closer proximity to the GSW project, a financial hub, and the integrated resort at Marina Bay have all contributed to the property market’s growth boost. The dynamic urban redevelopment plans have also helped to drive demand for property in this district. A senior property consultant at the Landmark Group, Nicholas Keong, explains why penthouse prices in this district are on the rise.
If you’re planning to buy a home in Singapore, you may have wondered whether or not District 01 at Marina Bay is a More High-Priced Residential Area. The district has seen a lot of investment over the last few years and features a trendy, vibrant lifestyle with chic boutiques, eateries, and a thriving market. It is also a convenient commuter area, which is why many expatriate families and single professionals prefer the neighbourhood. As such, this district is a good place to buy a home, especially if you are looking for an apartment, penthouse or bungalow in a prime location.
The Central Business District, Marina South, and the new GSW project make this district highly desirable. The new projects will bring additional office space, entertainment, and residential spaces to the city. The Marina Bay area will remain a sought-after location, and its rental demand is expected to be high. In fact, some of the most high-end penthouses in the city are already at more than $104 million, indicating that the hottest condos in the city are now sold out.
As the hottest residential areas in the city, this district is home to a number of new developments that are gaining in popularity. Among them are the Duo Residences, South Beach Residences, and Midtown Modern. These projects have sold out 340 units in their first weekend, and one penthouse at the luxury development Boulevard 88 recently sold for SGD 51.2 million.
If you’re looking for a new home in Singapore, this district is a great option. It’s close to many public transportation options, including a subway, and the Marina Bay Financial Centre is right down the road. And if you’re not working at the moment, you can easily get to Orchard Road by car in about 15 minutes. Major expressways also make it convenient for commuters to get to any part of the country without having to travel long distances.
If you want a unique property with an interesting history, consider buying a unit in District 01 at Marina Bay. These buildings were once part of the Convent of the Holy Infant Jesus. This complex now consists of several historic buildings, including the Raffles Hotel. In addition, you can find a number of other historic buildings here, such as the CHIJMES Hall, which was once the Convent’s chapel. In addition, this neighbourhood is a great place to watch soccer or kite-fly.
One of the landmarks of the Marina Bay area is the high-end Marina Bay Sands hotel complex, which opened in 2011. This is home to the ArtScience Museum and the Shoppes at the Bay. It also features an observation deck. The deck is illuminated at night during sound and light shows. This area is also a prime location to watch a concert or enjoy the view of the city.
Despite the high price tag, there are some affordable and attractive areas for those who want a luxurious life in the city. The Raffles Hotel, a 19th century landmark, offers luxury all-suite rooms, and is conveniently located in the heart of the city. The Marina Bay Sands, meanwhile, is an iconic modern building, with its famous infinity pool. There are also a number of boutique hotels in the Marina Bay area, including the Lloyd’s Inn and the Champion Hotel, which offer small, stylish rooms. The Champion Hotel is a good value option for anyone looking to purchase a property in this area.
Another historic building in District 01 at Marina Bay is the National Museum, which was once the seat of the country’s last sultan. This building is now a museum, and has a prestigious status as a tourist attraction. The National Museum of Singapore is located in the building. The old Hill Street Police Station is another popular attraction in this area.
District 01 at Marina Bay is a new residential district in the city-state of Singapore, home to a new cluster of GCBs. Located near the CBD, the area features more expansive units with panoramic views of the Marina Bay. The new development aims to promote the live-work-play concept. New launches include the Biophilic-designed Irwell Hill Residences, the District 10 GCB, and the Bukit Sembawang Estates’ The Atelier.
In the past few years, price rises have been muted for District 07 condos. This is partly because the district is not well positioned for HDB upgraders and partially because they have sacrificed space for location. The average price per square foot and quantum are relatively high, and the units are small. However, the neighbourhood is convenient for office workers and those who want to be close to the CBD. However, the area is notorious for its congestion and heavy traffic.
The prices of District 9 units have increased by 6.2 per cent y-o-y. These units are located near Chinatown, Shenton Way and Boat Quay, which have good transport and schooling infrastructure. Prices in these three districts are expected to rise more this year. However, they should remain affordable for most people. This district is also close to a shopping mall and other amenities.
The area was a fishing village a decade ago, and now it is home to several major developments. Originally, it was a fishing village but has now turned into one of Singapore’s most preferred transport and business hubs. IOI also developed another mixed-use development on Central Boulevard, which has a prime location in the city. As a result, prices are expected to increase by eight to 12 per cent this year.
Besides the location, there are many other factors that make District 01 at Marina Bay a desirable place to buy a home. The development’s proximity to the Marina Bay Financial Centre and GSW project is another key factor. These factors have all helped to boost the property market in the area. The presence of Marina Bay Sands and the proximity to the city has also helped in attracting many foreign buyers. In addition to being close to the GSW project, the location also offers direct access to the landmarks.
There are many places of worship in and around Marina Bay, but few are as popular as the local Hindu temple. Despite its size, the Hindu temple in Marina Bay is a popular choice for a religious trip. Located just a short walk from the Dhoby Ghaut MRT station, the Sri Krishnan temple offers festive activities during Deepavali and Krishna Jayanthi. A chime from the temple bells begins the communal prayers. Devotees may also request to have their names read out by the priest during communal prayers.
In 2005, the St. Joseph’s Church was designated a national monument. The interior is decorated with huge statues of the Virgin Mary, Saints John de Brito, and St. Andrew. The church is not open on Good Friday, but it is still open for prayer. During the festival, many devotees gather on the street to pray and offer incense to the Guan Yin goddess. The temple also holds weekly programmes for worshippers.
Singapore is home to more than 400 places of worship. Around a third of these are churches. While the Protestants outnumber the Catholics by about two to one, there are also many other faiths represented here. There are also several Hindu temples in the vicinity. At one end of the peninsula, the City Harvest Church is an English-language Christian congregation. The Christian church has a congregation of around 25,000.
Nearby is the Sultan Mosque, a prominent mosque in Singapore. The mosque was originally built in the 1820s for Sultan Hussein Shah. After 100 years, the mosque was in need of repair. A new mosque was built in its place between 1928 and 1932. The beautiful domes were designed by Denis Santry. The mosque is also home to the Singapore Management University. It is a perfect place to worship.