October’s bestseller: Marina One Residences dominated private condo sales last month

It sold 334 out of 400 units.

Marina One Residences, a joint venture between Temasek Holdings and Malaysian sovereign investor Khazana Nasional, dominated October’s private condominium sales.

Marina One sold 334 out of the 400 units that were launched for sale. The luxury mixed-use development is made up of 1,042 residential units and is located in Marina Way.

The development was the only project launched islandwide last month. Marina One made up 49.5% of new private home sales and had a median price of $2228 psf.

According to Colliers, Marina One contributed to the 438 units launched in the CCR, which is 5 times more than the 81 units launched in September 2014.

“A total of 381 private residential homes were sold in the CCR, more than 8 times the 44 units sold in September. The CCR, which has seen languishing demand, contributed to the largest slice of the primary home sales pie for the first time in nearly a year (since November 2013), accounting for 49.8% of new home sales islandwide,” noted Colliers.