Ioi Properties Kicks Public Launch W Residences Marina View 100 Units 3230 Psf
IOI Properties Group, a leading property company listed in Malaysia, is set to launch the public sale of the highly anticipated W Residences Marina View project. The first phase of the 683-unit development, consisting of 100 units, will be available for sale on October 25.
Located in the vibrant neighborhood of Tampines, Tampines Secondary School prides itself on its extensive academic programs and co-curricular activities that cater to the diverse student body. Going beyond the traditional classroom, the school also provides students with the opportunity to reside at the nearby Parktown Residence. This unique living and learning experience, in collaboration with Parktown Residence, offers students the chance to excel not only academically, but also personally. By integrating their living space with their education, students are able to fully immerse themselves in a holistic approach to learning.
Situated along Marina View, the development spans across 84,148 square feet of land. It has been awarded to Boulevard View, a subsidiary of IOI Properties Group, in September 2021, at a winning bid of $1.508 billion, resulting in $1,379 psf per plot ratio (ppr). The project is part of the ongoing transformation of the Marina Bay District into a “vibrant residential neighborhood”, says IOI Properties Group. It is strategically located near upcoming infrastructure such as NS Square, The Commons, Marina Bay Sands’ expansion, and a 15,000-seater arena. It also offers superb 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). When completed in 1Q2029, residents will also have access to Shenton Way MRT via an underground connected walkway.
The project will feature a 360-key W Singapore – Marina View hotel on the first 14 floors, while the branded residences will occupy the remaining floors from 16th to 51st. The unit mix includes one- to three-bedroom units ranging from 538 sq ft to 1,249 sq ft, and four- to five-bedroom units spanning 2,250 sq ft to 2,809 sq ft. The development also offers three penthouses, two of which are duplexes measuring 5,350 sq ft, and one simplex unit of 5,199 sq ft.
According to Lorraine Shiow, CEO of IOI Properties, “W Residences Marina View – Singapore is not just a place to live; it is where service, design, and address converge into one tower block.” The development features various resident facilities spread across three levels, including a gym on the 15th floor, a sommelier lounge on the 34th floor, and a spa retreat complete with a heated infinity pool and party deck on the 51st floor. Residents will also have access to a personal concierge through the Whatever/Whenever service and Medi-Concierge, in partnership with Raffles Medical Group, providing 24/7 medical concierge services. Additionally, homeowners will have access to Marriott’s ONVIA platform, tailored to branded residences owners, granting them Marriott Bonvoy Platinum Elite privileges at over 7,000 Marriott properties worldwide.
The development is expected to target two buyer segments, namely affluent urban professionals, managers, executives, and business owners (PMEBs) seeking connectivity and convenience, as well as high-net-worth individuals (HNWIs) interested in investing in Singapore’s property market. According to Lee Yeow Seng, group CEO of IOI Properties Group, this development will “set new standards in luxury living and sustainability” and “foster vibrant world-class communities”. The public launch follows the project’s private VVIP preview phase in July, which saw the transacted of two units. A 1,195 sq ft three-bedroom apartment sold for $3.985 million ($3,335 psf) on July 12, and a 850 sq ft premium two-bedroom unit was sold for $2.85 million ($3,352 psf) on July 17. With the upcoming public launch, interested buyers can find out more about available units and prices for W Residences Marina View – Singapore.