ONE MARINA GARDENS
UrbanLens Analysis
ONE MARINA GARDENS commands $2,954 PSF -- 45% above what District 01 typically fetches ($2,039 PSF). Marina South Pier MRT is 542m away (7-min walk), functional but not a headline selling point. Against UNION SQUARE RESIDENCES at $3,177 PSF, the 7% discount is worth examining closely.
Prices have essentially flatlined over two years (+0.0%), suggesting a market in equilibrium. 581 transactions over two years gives deep liquidity and reliable pricing signals. For context, MARINA BAY RESIDENCES has gained 4.6% over the same period.
With ~96 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
At 937 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| UNION SQUARE RESIDENCES | $3,177 | — | 0.0% |
| THE SAIL @ MARINA BAY | $2,029 | 3.8% | +7.2% |
| MARINA ONE RESIDENCES | $2,035 | 3.8% | -15.2% |
| MARINA BAY RESIDENCES | $2,241 | 4.1% | +4.6% |
| ONE SHENTON | $1,814 | 4.1% | +4.3% |
PSF Trend
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