Ioi Properties Kicks Public Launch W Residences Marina View 100 Units 3230 Psf
IOI Properties Group, a leading property company in Malaysia, is set to open the public launch of its latest project, W Residences Marina View. The project will feature 683 units, with the first phase of 100 units released for sale on Oct 25. The units, located on levels 16 to 20, range from one to three-bedroom apartments and are priced at $3,230 psf. The remaining 15 units are part of the Signature Collection and include four- and five-bedroom units.
The public launch follows a private VVIP preview phase held in July, which saw two units sold. This included a three-bedroom apartment of 1,195 sq ft for $3.985 million ($3,335 psf) on July 12 and a premium two-bedroom unit of 850 sq ft for $2.85 million ($3,352 psf) on July 17.
Located at Marina View, the 84,148 sq ft site was awarded to Boulevard View, a subsidiary of IOI Properties Group, for a bid price of $1.508 billion in September 2021, translating to $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 and is accompanied by new infrastructure such as the NS Square, The Commons, Marina Bay Sands’ expansion, and a 15,000-seater arena.
The 99-year leasehold property offers excellent 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). Upon completion in 1Q2029, residents will also have access to Shenton Way MRT via an underground connected walkway.
The development stands at 51 storeys and comprises a 360-key W Singapore – Marina View hotel on the first 14 floors, with the branded residences starting from the 16th floor. The unit mix includes one- to three-bedroom units of 538 sq ft to 1,249 sq ft and four- to five-bedroom units of 2,250 sq ft to 2,809 sq ft. The development also offers three penthouses, consisting of two duplex units of 5,350 sq ft and one simplex unit measuring 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 offers resident facilities decks across three different levels, featuring a gym on the 15th floor, a sommelier lounge on the 34th floor, and a spa retreat with a heated infinity pool and party deck on the 51st floor.
Other amenities include a personal concierge through the Whatever/Whenever service and Medi-Concierge, in partnership with Raffles Medical Group, where residents have access to 24/7 medical concierge services. Homeowners will also have access to Marriott’s ONVIA platform, designed for branded residence owners, which allows access to Marriott Bonvoy Platinum Elite privileges at more than 7,000 Marriott properties worldwide.
According to the developer, the project is expected to attract two types of buyers: affluent urban professionals, managers, executives, and business owners (PMEBs) seeking connectivity and convenience, and high-net-worth individuals (HNWIs) looking to invest in Singapore’s property market. Lee Yeow Seng, group CEO of IOI Properties Group, adds that this property will “set new standards in luxury living and sustainability” by “fostering vibrant world-class communities.”
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