In the midst of the tremendous transition taking place in the Central Business District, a new mixed-use complex is due to emerge in the Downtown Core neighborhood. When finished, the complex will have 905 units of contemporary urban housing in addition to 540 hotel rooms and 4,000 square meters of retail space.
In the midst of the tremendous transition taking place in the Central Business District, a new residential mixed-use complex is due to emerge in the Downtown Core neighborhood. When finished, the complex will have 905 units of contemporary urban housing in addition to 540 hotel rooms and 4,000 square meters of retail space.
Marina View’s 99-year leasehold plot was activated off the reserve list on June 10, 2021, and offered for bidding on June 28, 2021. By the time the public tender ended on September 21st, just one company, Boulevard View Pte Ltd, a wholly-owned subsidiary of IOI Properties Group, had submitted a proposal. The single bidder offered S$1.508 billion (1,379 psf/ppr). This prime location in the heart of the CBD, which has long been defined by big, sparkling office towers, is a unique Government Land Sales site. Since there haven’t been many new private home launches in the area recently, this project should appeal to young families and professionals.
Marina View Residences is situated on the outskirts of the Central Business District, which is home to several multinational firms and monetary institutions. It might imply a substantially shorter daily journey for individuals who work in the Central Business District (CBD), potentially as little as 5 minutes. Future residents of the Marina View development will not have to deal with the stress and inconvenience of the morning commute on the streets or the subway.
Not only will residents be located conveniently close to their places of employment, but the city itself offers a vast variety of services and recreational options. In addition to the shopping opportunities available inside the property, homeowners will appreciate the proximity to other establishments meeting their daily needs. There are many shopping centers in the area, including OUE Downtown, Tanjong Pagar Plaza, and Tanjong Pagar Centre. Similarly close are the attractions of the Marina Bay Sands resort, VivoCity, Chinatown, and Gardens by the Bay.
It is also close to the historic and culturally important Tanjong Pagar district, which is made up of rows of well-kept shophouses that now house hotels, shops, restaurants, and places to go out at night. Maxwell Food Centre, Amoy Food Centre, and Lau Pau Sat are all within walking distance, so hawker center fans won’t be left hungry.
Due to the extensive road network and extensive public transit system, residents would have unrivaled accessibility. Four MRT stations, including the soon-to-be-built Shenton Way station, are within walking distance of the property. These are the East-West Line, Downtown Line, Circle Line, and Thomson-East-Coast Line. The Marina Coastal Expressway and Ayer Rajah Expressway are two of the primary roadways and expressways that service the area, providing convenient access to the remainder of the island for commuters.
The convenient access to public transportation means less time spent traveling to and from class. CHIJ (Kellock), Outram Secondary School, Cantonment Primary School, CHIJ St. Theresa’s Convent, School of the Arts, Singapore, and Gan Eng Seng School are only a few of the nearby schools.
The Developer: IOI Properties Group
IOI Properties Group is the company responsible for this construction.
The IOI Group’s real estate business, IOI Properties Group Berhad (“IOIPG”), is a major player on Malaysia’s stock market. It’s been around for almost 30 years, making it a veteran of the real estate development field. Property development, the hotel industry, property investment, and leisure are among its primary focuses. A number of ecological townships have been constructed by the company in the Klang Valley, Johor, and it has even expanded internationally to China and Singapore.
