New project sales status: Good take-up at Marine Blue preview!

By The Folks @PropTalk - January 13, 2015 7 Comments

CapitaLand Limited sold 31 of the 50 units released during the preview of its new freehold condo project Marine Blue over the weekend, at an average price of between $1,800 and $2,000psf.

The units sold included one-bedroom-plus-study and two-bedroom ones and a penthouse, said a CapitaLand Singapore spokesman.

The price list obtained by BT showed a 10% discount off the listed prices.

Sited next to Grand Mercure Roxy Hotel along Marine Parade Road and within walking distance of the upcoming Marine Parade MRT station, Marine Blue comprises 120 condo units and four strata terrace houses.

Construction has begun.

The showflat in Bedok South Ave 3 first opened for viewing two weeks last month, and then closed for the year-end festive seasons; it was re-opened last week for the preview for buyers who had indicated interest for the project.

Recent transacted prices of freehold condo units in the vicinity, including 70 Saint Patrick's, Coralis, Seaview and Parc Seabreeze, have fallen within the range of $1,630 to $1,730psf; rents have averaged at between $3.20 to $4psf per month, said SLP International executive director Nicholas Mak.

Property consultants noted that rental prospects for the project look promising, given its proximity to amenities such as Parkway Parade, Katong 112 and the East Coast Park.

Info source: BT

Just goes to show that despite the weak property market, buyers are still willing to fork out money for projects with good locations.

If only the project comes with a better name ...

7 comments to ''New project sales status: Good take-up at Marine Blue preview!"

  1. Hi Anonymous (Jan 13, 6:45PM): Our short answer to your question is: we'll get there...eventually.

    The wife and I are still struggling a bit to complete our review for Bijou, which we had visited early of last week. :-)

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