Singapore
COME July, the developer behind the mega mixed-use project Marina One will find out whether its strategy four years ago of holding back half its 1,042 residential units from the market has paid off.
M+S Pte Ltd, the joint-venture firm by Malaysia's Khazanah Nasional and Singapore's Temasek Holdings, will release 30 per cent of its 521-unit Garden Tower for sale, with the rest expected to be released in the remainder of the year.
Prices at Garden Tower will start at S$2,400 per square foot (psf) and stand at an average S$2,700 psf to S$2,800 psf.
Units in the other residential block, Park Tower - which also has 521 units - were released for sale at the start of 2014. M+S chose to hold back...