IOI offers ‘special preview prices’ for limited units at about S$3,200 psf for W Residences Marina View
These rates apply to some three-bedroom units, which were earlier listed at prices starting from S$5.4 million
[SINGAPORE] IOI Properties is offering “special preview prices” at just over S$3,200 per square foot (psf) for a limited number of units at its W Residences Marina View project, as it starts private previews for the luxury branded residence development.
These rates apply to some three-bedroom units, which were earlier listed on PropertyGuru at prices starting from S$5.4 million for apartments sized from 1,195 to 1,249 square feet. The special prices only apply during the early phase of the project’s preview.
List prices for the 683-unit project range from an estimated S$3,800 psf to S$6,000 psf.
The 99-year leasehold W Residences Marina View has 171 one-bedroom units, 310 two-bedroom units, 103 three-bedroom units, 32 four-bedroom units, 64 five-bedroom units, two simplex penthouses and one duplex penthouse.
IOI began previews for invited clients earlier this month, and according to agents, opened for sales bookings over the Jul 12 weekend.
In response to queries from The Business Times on sales for the project, an IOI spokesperson said the property developer has received “strong interest from our invited guests”.
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“While it’s natural that buyers are taking a measured approach amid a wave of new launches in the Core Central Region, W Residences rises above with its iconic brand experience, coveted location, and lifestyle offering that defies convention,” the spokesperson added.
PropertyGuru listings show one-bedroom units, at 538 to 570 sq ft in size, starting at over S$2.1 million. Two-bedroom units, at 710 to 850 sq ft, are expected to be priced from S$2.8 million. Four-bedders spanning 2,250 sq ft start at S$13 million, and five-bedroom apartments, at 2,809 sq ft, are listed for sale from S$16 million.
“W Residences Marina View is currently in the early phase of private previews for our VVIP guests, offering a unique proposition in Singapore’s residential landscape as the first branded residence in the country fully integrated with its co-branded W Hotel,” the IOI spokesperson said.
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The luxury project, fully managed by Marriott International, is being built above a new 360-room W Hotel, on a white site tendered in 2021. IOI acquired the site for S$1.508 billion or S$1,379 psf per plot ratio, after triggering the release of the plot from the government land sales reserve list.
Nearby is IOI Central Boulevard Towers, its mixed-use development in Marina Bay with two Grade-A office towers and a seven-storey retail podium.
One of Malaysia’s largest property developers, IOI’s portfolio of high-end residential properties also includes Seascape and Cape Royale, condo developments in Sentosa Cove which were built in partnership with Ho Bee Land.
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