Developer's illustration of One Marina Gardens
SINGAPORE: Prime residential project One Marina Gardens sold 38% of its 937 units at an average selling price of S$2,953 per sq ft, while Bloomsbury Residences in Media Circle sold 25.1% of its 358 units at S$2,474 per sq ft on the first weekend of sales.
Market watchers said that both project launches have done reasonably well, despite concerns about trade uncertainties and potential global recession intensifying.
The launches came shortly after April 2, termed “Liberation Day” in the United States, which effects are expected to significantly impact Singapore’s growth.
In comparison, seven major residential projects launched in the first three months of 2025 had an average sales percentage of 71.2%, said Nicholas Mak, chief research officer at Mogul.sg.
With uncertainty in the air, some buyers chose to stay on the sidelines and wait before they committed to purchasing units. — The Straits Times/ANN
