Individual Transactions

** The Sail @ Marina Bay was launched in 2 phases, with:

• Tower 2 first launched in Oct 2004 at an average $950psf
• Tower 1 launched, 1 year later, in Oct 2005 at an average $1, 200

Therefore 2 graphs, one for each tower, were drawn up:

As seen from the chart above, marina bay view units were sold, on average, at a higher price that non-marina bay view units. For example, in second half of 2008, the average price of a marina bay view unit was about $2,175psf compared to $1,475psf for a non-marina bay view unit. This is a whopping difference of 47%!

Even though the average price of marina bay unit decreased by about 13% to $1,893psf in the first half of 2009 due to the onset of the financial crisis, it was about 30% more than a non-seaview unit.

In Feb 2010, a seaview unit was transacted at the price of $3,048 psf, breaking the $3,000 level. While non-seaview units are still hovering around $2,000psf.

On 4 Sep 2009, 2 caveats for 6 units at the Central Park Tower were lodged. 3 of the units were lodged under the same caveat with a total price tag of $3.4 million, which works to be about $1,600psf. The other 3 units were lodged with a higher total price tag of $6.7 million as there were of larger units and one of them has a marina bay view.

Therefore, on the above chart, you may see that 2 non-marina bay view units have the same price psf as a marina bay view unit at $1,792psf.

Monthly Average Price and Volume

In 2007, non marina bay units were transacted at an average price of $1776psf. The mode of the transactions took place at $1551psf, with a median of $1750. The skew of the transaction distribution was 0.8 indicates that majority of units were transacted below the average price of $1776psf.

In 2008, The average transacted price did not increase drastically. The price increased to $1778psf. The mode transacted price was $1700psf, with the median of $1700psf, $50 lower than the year before. The skew was once again positive at 0.42 indicative of more than half of units transacting below the average price $1778psf.

By end-2009, the prices are almost back to the 2007 pre-crisis level.

In 2007, marina bay view units transacted for an average of $2299psf. The mode transacted price was at $2301, median was at $2264psf and the skew took on a positive value of 0.41. This is indicative of more than half of the units being transacted at a value below $2299psf.

In 2008, Marina bay view units transacted at a lower price of $2153psf. The mode was at $2000 and the median transacted price was at $2133. The distribution of transactions was positively skewed at 0.31 indicating that more than half of the units transacted below the average price of $2152psf.

From the chart above, we can also see that a marina bay view unit is capable of fetching as high as $3,000psf during the peak period.

Average Rental ($ Psf)

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