Only 20 of 1,042 units at Marina One Residence sold during the weekend, dampening Temasek's hope of making a killing from this joint development with Khazanah

PropertyGuru, 13 Oct 2014
Poor sales were recorded on the first day of launch for Marina One Residences with only 20 units sold last Saturday, according to media reports.
This is a sharp turnaround from the strong build-up seen during the preview phase, which saw more than 300 units taken up since 3 October, many by bulk buyers.
Singaporeans account for about 70 percent of buyers, while the rest are PRs and foreign nationalities. The top three groups of overseas buyers are from Malaysia at 20 percent, followed by Indonesia and China.
When contacted, a spokesperson for the developer M+S told PropertyGuru there were no further sales updates at this time.
M+S appears to have adopted a cautious approach to selling units at the development. Just one of its two towers is available for sale right now and only 372 of the total 1,042 apartments have initially been released. Full story
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