{"id":74699,"date":"2024-06-03T18:00:54","date_gmt":"2024-06-03T10:00:54","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=74699"},"modified":"2024-06-10T12:46:31","modified_gmt":"2024-06-10T04:46:31","slug":"record-s1-38m-jumbo-flat-marine-drive-gardens","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/record-s1-38m-jumbo-flat-marine-drive-gardens\/","title":{"rendered":"Inside the S$1.38M record sale of a waterfront renovated jumbo flat in Marine Drive Gardens"},"content":{"rendered":"
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It’s been a bit quiet on the property front in Marine Parade<\/a> lately, hasn’t it? The last buzz we heard was when the Long Island plan<\/a> was unveiled back in December 2023. However, there’s some notable news stirring now. The spotlight is back on Marine Parade<\/a> with the recent sale of a jumbo flat<\/a> at a record-breaking price of S$1.38 million in Marine Drive Gardens<\/a>.<\/span><\/p>\r\n\r\n\r\n\r\n

Record S$1.38M renovated jumbo flat in Marine Drive Gardens<\/b><\/h2>\r\n\r\n\r\n\r\n

\"record<\/a>Transacted by Vincent Tay (ERA Realty Network) who is a 99 Group member<\/a>, the property in question is nestled in Block 64 Marine Drive Gardens<\/a>, on the 10th floor. Featuring a generous size of 1,690 square feet, the jumbo flat commands a price per square foot (psf)<\/a> of S$816.57.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

Notably, Marine Drive Gardens, one of HDB’s oldest projects, attained its Temporary Occupation Permit (TOP)<\/a> in 1976, rendering this unit 48 years old with a remaining lease of 51 years on its 99-year tenure.<\/span><\/p>\r\n\r\n\r\n\r\n

In 2022, the title for the highest sale price in the vicinity was held by a property in Block 1 Marine Terrace<\/a>, which was sold for S$1.08 million. Spanning 1,313 square feet (smaller than the current sale’s 1,600+ sqft), it fetched a psf of S$822. <\/span><\/p>\r\n\r\n\r\n\r\n

Comparatively, the recent transaction is 27.78% more expensive than the previous record holder.<\/span><\/p>\r\n

Check your affordability with 99.co’s affordability calculator!<\/strong><\/p>\r\n\r\n\r\n\r\n\r\n

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Properties for you in Marine Drive Gardens<\/h4><\/div>\n
See all listings<\/a><\/span><\/div>\n <\/div>\n
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\n \"65\n <\/div>\n
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65 Marine Drive<\/div>\n
Singapore 440065 \u00b7 D15<\/div>\n
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\n \"bedroom\"\n 2<\/span>\n <\/div>\n
\n \"bathroom\"\n 1<\/span>\n <\/div>\n
\n 818 sqft<\/span>\n <\/div>\n <\/div>\n
S$ 555,000<\/div>\n <\/div>\n
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