The Shenton Way of Life

Living in the area has the distinguishing feature of working and playing within your doorstep. By Alan Cheong

WITH the completion of The Sail @ Marina Bay in 2008 and its subsequent success in leasing activity, city living in Singapore finally took off. With further completions of apartments in the area, such as One Shenton followed by The Cliff, the area is proving to be a magnet for expatriates who work around the vicinity wishing for convenience to and from the office. These initial successes will amplify the attraction of city living among these upcoming projects.

Those vested with foresight who bought these early offerings could potentially reap handsome rewards. Take The Sail, for example. Launch prices in 2005 were in the mid-$900 psf (per square foot) range. Today, prices range from $1,750 to 2,150 psf, representing an 84-126 per cent gain. For those who bought One Shenton at the launch price of $1,850 psf in January 2007, current prices at $2,150 psf would still return 16 per cent.
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Five on Shenton's Update: Marina Bay Waterfront promenade

Visitors to Marina Bay can look forward to an uninterrupted, experiential stroll along the 3.5 km promenade around the bay. The promenade forms part of the 11.7km waterfront route around Marina Reservoir, linking Gardens by the Bay, Marina Barrage and the new Sports Hub.

Walk along the Bayfront and into the mysterious Mist Walk, which brings down the ambient temperature, making a stroll along this stretch a breeze in the equatorial heat. The fine spray misters also combine with night lighting and music to provide an integrated light-and-sound experience. Walk a little further and the promenade opens up to a family-oriented public open space that includes dancing water jets. You could also wander along the lower-level timber boardwalk, right down to the water's edge, and hop onto a river taxi to further exploration up Singapore River .

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V on Shenton -$7b project Marina One breaks ground

By Felda Chay

The Marina Bay area will see a new addition to its skyline come 2017 with the completion of the $7 billion Marina One - a Khazanah-Temasek mixed development project which had its ground-breaking ceremony yesterday.

Marina One is one of two projects undertaken by M+S Pte Ltd, the 60:40 joint venture between Khazanah Nasional and Temasek Holdings, as part of a land swap deal between Singapore and Malaysia. Together, the projects have a development value of $11 billion.

Some $5 billion in financing facilities have been secured from eight banks for the projects, according to Azman Yahya, chairman of M+S.

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Five On Shenton- Launching Soon

Five on Shenton is being launched soon on early of June, register for VVIP now

Why invest in V on Shenton?
  • Prestigious address well-known all over the world  
  • Living in the heart of world–renowned financial center, Casino, Venue  of F1 and entertainment areas. 
  • Easy accessibility to all parts of Singapore and airport
  • Designed by well-known architects: UN Studio & Architect 61 
  • Rare and Good Return On Investment in the Future
  • Capital Appreciation with development of  Gardens By The Bay 
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Marine Blue by Capitaland - adding a buzz to East Coast !

Marine Blue by Capitaland - adding a buzz to East Coast !

The Straits Times
UPCOMING new projects are bringing a new lease of life to Marine Parade, a mature estate in the east with both a cosy beach-town vibe and District 15 cachet.

Improved transport links to the area in the near future will also buoy home prices and rents there, consultants said.

Marine Parade has a mix of public housing built in the 1970s and 1980s and private residential enclaves, and is popular with long-time residents, families and expatriates.

Its sea views and plum coastal location near the East Coast Parkway mean that rents there are among the highest islandwide, consultants added.

Marine Blue - One of the latest new projects there is a 124-unit development slated to rise on the site of the former Marine Point.

It is across the street from Parkway Parade mall and next to the Grand Mercure Roxy Hotel, and is also close to the 112 Katong mall.

Marine Blue  , developed by CapitaLand, is under construction and has not been launched for sale.It was supposed to be launched in the second half of last year but that was delayed till an unspecified time this year.

Chesterton Singapore research head Elaine Chow estimated that Marine Blue could go on sale before the end of June this year for slightly above $2,000 per square foot (psf) on average.
That price point would help it compete with asking prices at the nearby Silversea condominium project, she said.

The 99-year leasehold Silversea, by Far East Organisation, is expected to get its temporary occupation permit (TOP) by the end of next month.

The project is in Marine Parade Road, a few blocks west of Parkway Parade. It launched in late 2009 and had moved 372 out of 383 units by the end of last month, Urban Redevelopment Authority (URA) figures show.

The most recent transaction at Silversea was a new sale at $1,714 psf in December last year, according to caveats lodged with the URA.

Most of the completed projects in the vicinity are relatively small and have few recent transactions.
Next to the upcoming Marine Blue is the 28-unit freehold Marine View Mansions, where a unit was last resold in August 2010 at $1,042 psf. It was completed in 1988.

Others nearby include the 94-unit Parc Seabreeze and the 127-unit Coralis - both freehold developments are in Joo Chiat Road.

Parc Seabreeze was completed in 2012 and the most recent transaction was a subsale in January last year at $1,607 psf.At Coralis, which was completed last year, the most recent transaction was a subsale in December last year at $1,842 psf.

Consultants said prices and rents in Marine Parade were likely to hold steady or rise, citing its abundance of amenities and proximity to the Katong food belt.

GPS Alliance chief executive Jeffrey Hong added that the limited supply of new private homes would likely help prices hold up over the coming months.
Ms Chow also said prices and rents in Marine Parade could rise further once the Marine Parade station on the future Eastern Region Line is ready.
The line is scheduled to be completed by 2020 and will pass through estates such as Tanjong Rhu, Marine Parade, Siglap, Bedok South and Upper East Coast Road.
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