Launching: The Minton and Marina Bay Suites

This week, investors and home-dwellers can keep their eyes peeled for an upcoming massive scale residential project with impressive facilities as well as a luxury apartment dwelling with a million-dollar view.

The Minton by Kheng Leong Group
Location: District 19, Hougang Street 11, Off Lorong Ah Soo
Tenure: 99 Years
Preview: End May 2010
T.O.P.: 4Q 2014
Type: The former Minton Rise is redeveloped into a large-scale project, comprising 18 blocks of 15-17 storeys, covering an approximate area of 500,000 square feet, which is the size of 7 football fields. This 1150-unit project will comprise mainly 2-3 bedrooms, with units ranging from 980-1200 sq ft. There are 24 penthouse units with sizes from 2,000 to 3,500 sq ft. Facilities are extremely well equipped, with a plethora of options to choose from: a 50m lap pool, childcare centre, library, tennis and badminton courts, a grand clubhouse with various entertainment facilities, and a 40,000 sq ft tropical garden with lush greenery. Indicative pricing is estimated to range from $800 to $1,000 psf.
Analyst's forecast: Judging by the overwhelming response garnered in recent large-scale "heartlands" condo launches such as Tree House at Chestnut Avenue, The Estuary at Yishun and Waterbank at Dakota, we expect The Minton to be another sell-out project.

Marina Bay Suites by Cheung Kong Holdings, Hong Kong Land & Keppel Land
Location: District 1, 3 Central Boulevard
Tenure: 99 Years (wef. 8 March 2007)
Launch: Estimated June 2010
T.O.P.: July 2014
Type: Designed by New York-based architects Kohn Pederson Fox, Marina Bay Suites is a waterfront condo in the heart of the future Marina Bay Financial Centre (MBFC). Developed by major Asian developers Cheung Kong Holdings, Hongkong Land Holdings and Keppel Land, Marina Bay Suites consists of 221 luxury apartment units housed in a 66-storey block overlooking the Marina Bay skyline. The condominium has units of three-to-four bedrooms ranging in size from 1,572 sq ft to 2,691 sq ft, as well as three larger penthouses. Units sold late last year in the preview ranged from $3 to $3.7 million for the three-bedroom units. The smaller four-bedroom units sold for around $4.3 to $5 million, while the larger four-bedroom units achieved prices from $6.1 million to $7 million.
Analyst's forecast: Marina Bay Suites will be an investor's playground, in part due to its close proximity to the Integrated Resort and the upcoming Marina Bay Financial Centre. About half of the 221 units have been sold during several private previews, a positive indication of the strong demand in residential space in the Marina Bay area.

Source credit: Keith Ng, Asia Property Group Pte. Ltd.
www.propertyshowrooms.sg

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