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BFC developers to launch apartment sales in Q4
Posted: 02 August 2006 2153 hrs

The second residential project at Marina Bay is expected to be launched by the end of the year.

This project will be part of the mixed development at the Business and Financial Centre (BFC).

It is expected to attract strong interest following the successful launch of The Sail@Marina.

The BFC was awarded to a consortium comprising Hong Kong developers Cheung Kong and Hong Kong Land and Singapore developer Keppel Land.

They have announced plans for a 55-storey residential tower as part of the development at BFC.

The residential tower will have a total of 428 apartments made up of one-, two-, three- and four-bedroom units as well as penthouses.

Sales of the apartments are expected to begin in the fourth quarter of this year.

No pricing was given but analysts Channel NewsAsia spoke to note that units of the adjacent Sail@Marina by City Developments are now transacting at between $1,300 to 1,500 per square foot.

Interest is expected to be strong, with BFC having received numerous enquiries from international retail buyers and investors.

The completion of the residential component is expected to coincide with that of the Marina Bay Sands integrated resort. - CNA/ir