PICTURES

Luxury Marina Bay Suites project in Singapore 90% sold

Almost all units at the luxury Marina Bay Suites condominium have been snapped up upon its completion last month. During an update of the 99-year leasehold project's progress, the development's manager Raffles Quay Asset Management (Rqam) announced t
Almost all units at the luxury Marina Bay Suites condominium have been snapped up upon its completion last month. During an update of the 99-year leasehold project's progress, the development's manager Raffles Quay Asset Management (Rqam) announced that 90 per cent - or 198 units - of the 221-unit project had been sold. -- ST PHOTO: RAJ NADARAJAN
Almost all units at the luxury Marina Bay Suites condominium have been snapped up upon its completion last month. During an update of the 99-year leasehold project's progress, the development's manager Raffles Quay Asset Management (Rqam) announced t
Almost all units at the luxury Marina Bay Suites condominium have been snapped up upon its completion last month. During an update of the 99-year leasehold project's progress, the development's manager Raffles Quay Asset Management (Rqam) announced that 90 per cent - or 198 units - of the 221-unit project had been sold. -- ST PHOTO: RAJ NADARAJAN
Almost all units at the luxury Marina Bay Suites condominium have been snapped up upon its completion last month. During an update of the 99-year leasehold project's progress, the development's manager Raffles Quay Asset Management (Rqam) announced t
Almost all units at the luxury Marina Bay Suites condominium have been snapped up upon its completion last month. During an update of the 99-year leasehold project's progress, the development's manager Raffles Quay Asset Management (Rqam) announced that 90 per cent - or 198 units - of the 221-unit project had been sold. -- ST PHOTO: RAJ NADARAJAN

ALMOST all units at the luxury Marina Bay Suites condominium have been snapped up upon its completion last month.

During an update of the 99-year leasehold project's progress, the development's manager Raffles Quay Asset Management (RQAM) announced that 90 per cent - or 198 units - of the 221-unit project had been sold.

The average per sq ft (psf) price was $2,700, RQAM's head of residential marketing Thomas Tan said.

Mr Tan added that half of the buyers were Singaporeans, while foreigners made up the remainder, with Indonesians, Malaysians and Mainland Chinese making up the majority.

The project currently has 23 units, all located above the 48th floor, left to be sold.

"We are confident it will be sold out by the end of the year," said Mr Tan.

Marina Bay Suites has yet to be officially launched, and units were sold at private previews held for buyers in Singapore, Malaysia and Indonesia.