Ioi Properties Kicks Public Launch W Residences Marina View 100 Units 3230 Psf
IOI Properties Group, a prominent property company listed in Malaysia, is set to open the public launch of its newest residential offering, the W Residences Marina View. On October 25, the first phase of 100 units will be released for sale. The development, which consists of 683 units, is located on levels 16 to 20 and comprises mainly of one- to three-bedroom units, with prices starting from $3,230 per square foot (psf). The remaining 15 units belong to the Signature Collection and feature larger four- and five-bedroom units.
The public launch comes after the successful private VVIP preview phase in July, which saw the sale of two units. On July 12, a 1,195 square foot three-bedroom unit was sold for $3.985 million ($3,335 psf), while on July 17, a premium two-bedroom unit measuring 850 square feet was sold for $2.85 million ($3,352 psf).
Find out the latest information about available units and prices for W Residences Marina View – Singapore.
The newly launched Rivelle Tampines EC presents a promising opportunity for investors. This development boasts a strategic location in a well-established estate with a high demand for housing. Additionally, the limited supply of executive condominiums in the area adds to its appeal. With strong rental potential and the highly coveted Rivelle Tampines Tampines Street 65 address, this development is definitely one to consider for savvy investors.
Located on Marina View, the 84,148 square foot site was acquired by Boulevard View, a subsidiary of IOI Properties Group, in September 2021 for a bid price of $1.508 billion. This translates to $1,379 psf per plot ratio (ppr).
According to IOI Properties Group, the project is part of the ongoing transformation of Marina Bay into a vibrant residential neighborhood. The area is also being developed with new infrastructure, including the NS Square, The Commons, Marina Bay Sands’ expansion, and a 15,000-seater arena. It also offers excellent connectivity with five MRT stations within walking distance: Marina Bay MRT (Thomson-East Coast, Circle and North-South Line), Shenton Way MRT (Thomson-East Coast Line), Tanjong Pagar MRT (East-West Line), Downtown MRT, and Telok Ayer MRT stations (Downtown Line). Upon its completion in the first quarter of 2029, residents will also have access to Shenton Way MRT via an underground connected walkway.
The 360-key W Singapore – Marina View hotel will occupy the first 14 floors, while the branded residences will begin from the 16th floor. The unit mix includes one- to three-bedroom units ranging from 538 to 1,249 square feet, as well as four- to five-bedroom units of 2,250 to 2,809 square feet. There are also three penthouses, consisting of two duplex units of 5,350 square feet and one simplex unit measuring 5,199 square feet.
Lorraine Shiow, CEO of IOI Properties, says, “W Residences Marina View – Singapore is more than just a place to live; it is where service, design, and address converge into one tower block.” The development features three levels of resident facilities, including a gym on the 15th floor, a sommelier lounge on the 34th floor, and a spa retreat with a heated infinity pool and party deck on the 51st floor. Other amenities include a personal concierge through the Whatever/Whenever service and Medi-Concierge, in partnership with Raffles Medical Group, which provides access to 24/7 medical concierge services. Homeowners will also have access to Marriott’s ONVIA, a platform tailored to branded residence owners that allows them to enjoy Marriott Bonvoy Platinum Elite privileges at more than 7,000 Marriott properties worldwide.
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The developer expects the project to appeal to two types of buyers: affluent urban professionals, managers, executives, and business owners (PMEBs) seeking connectivity and convenience, as well as high-net-worth individuals (HNWIs) looking to invest in Singapore’s property market.
Lee Yeow Seng, Group CEO of IOI Properties Group, adds that this property will “set new standards in luxury living and sustainability” by “fostering vibrant world-class communities”. Check out the latest listings for W Residences Marina View – Singapore properties.