Before Marina South’s transformation into the famous tourist hotspot we recognize today, the area was one of the go-to hangout spots for those that were in their youths during the nineties and 2000s. Popular barbeque and seafood restaurants, 24-hour arcades, and snooker joints were familiar sights in the estate.
The all-you-can-eat steamboat buffets were a particular highlight for Singaporeans. It was not uncommon to spot many young adults, especially full-time National Service Men (NSF), gathering at Marina South to feast on all the multiple food options provided by these establishments due to their affordable prices. However, as the Singapore landscape began to change, the government proposed demolishing these buildings and replacing them with the familiar landmarks we know today, such as Marina Barrage, Marina Bay Sands, and Gardens by the Bay.
With this revamp came a change in perception. Famous brands, including Louis Vuitton and Gucci, began opening new outlets in Marina Bay Sands, transforming the estate into one that oozes luxury and class. This view has only been reinforced by the major Hollywood production “Crazy Rich Asians”, which showcased the glitz and glamour of Singapore’s high society. These famous landmarks were featured prominently in the movie, further enhancing Marina South’s reputation as Singapore’s most coveted and luxurious neighborhoods.
However, it is not just glitz and glamour that have attracted many investors’ interest in the properties in Marina South. With the Central Business District (CBD) only a stone’s throw away from the area and the estate well-served by Singapore’s transport network, it is not difficult to see why this neighborhood is an attractive proposition for many buyers. Let us share three reasons why you should also consider getting your new home in Marina South.
1. Great investment opportunity
There is no doubt that properties in the Marina South district are hot commodities, especially among expats working in the Downtown area. Therefore, it is not a surprise to see properties in this district snap up quickly whenever there is a new listing on the market. Even if you have no plans of staying in your purchased property, you will likely find plenty of tenants looking to rent an apartment in the area. Given its prime location and the various amenities located in Marina South, you are likely to receive an attractive rental price for your new property.
Moreover, the Urban Redevelopment Authority (URA) has announced its plan for a slew of lifestyle developments for the neighborhood. The plan for a new Greater Southern Waterfront District will extend from Marina East to Pasir Panjang, with the CBD and Downtown Core integrated into this district as well. The URA aims to provide the community with more recreational, residential, and business amenities. In addition, this waterfront will provide the residents with a walkway that connects them to Gardens by the Bay and The Southern Ridges. This major development is likely to drive up the prices of the Marina South properties as well. So if you wish to invest in a property in the area, it is advisable to do so early.
A property that we anticipate increased interest in is the Marina One Residences. Due to the property’s relative palatable pricing, which starts at $2300 per square feet, Marina One Residences offers a lower entry barrier for many investors looking for a property in the Downtown Core District.
Furthermore, our agents still see consistent demand despite the uncertainties in the market caused by the COVID-19 pandemic. This is likely due to the location of this condominium, which is located just opposite Marina One East Tower and Marina One West Tower. These A-grade offices are home to multi-national corporations, such as Prudential, Facebook, Netflix, and Grab. If you are interested to learn more about this luxurious residential development, you can check out our video review of the property.
Everyone dreams of living near their workplace, so they do not have to wake up early in the morning to commute to work. With the Downtown Core serving as the financial hub of Singapore, numerous companies have set up their offices in the area. If your employer also rents office space in this district, then you could soon be living your dream as it will only take you less than half an hour to travel to work since Marina South is located just next to the Downtown Core District.
Furthermore, the estate is surrounded by a host of shopping malls, such as Marina Bay Sands, Suntec City, and Marina Square. With a variety of goods and services available in these different malls, you need not travel far to purchase your daily groceries. In addition, there is also a slew of dining options available in the four shopping centers, so you do not have to worry about getting bored of the food options.
With the various amenities available in Marina South, there is a need for greater accessibility so Singaporeans can travel to and from the area for work and leisure. This district has multiple train stations that connect to the Downtown Line, Circle Line, and North-South Line. For those who drive, Marina South is close to the major expressways, such as the East Coast Parkway (ECP) and Marina Coastal Expressway (MCE).
The accessibility of the area will only improve in the near future once the Thomas-East Coast Line is completed. With the addition of Shenton Way and Maxwell MRT stations to the existing Marina Bay, Downtown, and Marina South Pier train stations, residents will find it more convenient than ever to travel around Singapore.
3. Plenty of nature to explore
There is more to Marina South than just towering skyscrapers. This place is also home to two of the largest green spaces in Singapore, Gardens by the Bay and Marina Barrage.
For families looking to keep their children active, Marina Barrage boasts a humongous recreational field where you and your family can engage in various activities, such as family picnics, kite flying, and yoga. If you wish to teach your children more about nature, Gardens by the Bay is an excellent spot to go for walks together. Not only are you keeping your kids active, but the whole family gets to take in the stunning views while learning about the various plant and flower species on display.
Whether you are eyeing a property in Marina South as an investment opportunity or your new home, it is advisable for you to seek assistance from an experienced property agent.
At Selling Singapore, our team of experts has a combined experience of 45 years in the industry, so we are well-equipped to handle any situation. Let us provide you with sound advice and guide you in building your dream home in Marina South. Additionally, if you are looking to sell your condo or HDB flat fast so you can use the money to finance your new home, we can assist you in this matter as well. Do not hesitate to contact us at 8157 4855 for a coffee session so we can access your needs and help you with your house hunting.