Singapore’s Marina Bay penthouse sold for a loss at $9.4M price tag

The same penthouse had previously changed hands twice on the subsale market in 2007, at the height of Singapore’s pre-Global Financial Crisis property boom.

The first subsale took place in January 2007, when the unit was sold for SGD14.5 million. Just three months later, in April 2007, it was resold for SGD15.6 million,

At the time, Marina Bay Residences was among the developments that experienced a surge in speculative subsale activity before completion, with some owners reportedly making profits of up to SGD3 million within months.

Such eye-catching capital gains, however, are far less likely today because of stricter Seller’s Stamp Duty (SSD) rules introduced in 2025.

The recent SGD3.6 million loss at Marina Bay Residences is now the largest condominium resale loss ever recorded in District 1 in absolute dollar terms.

It surpassed the previous district record set last year, which also came from the same development.

That penthouse, with four bedrooms, was sold at a SGD3.2 million loss in 2025, according to property listing platform EdgeProp.

Marina Bay Residences now accounts for all three of District 1’s largest unprofitable condo resale transactions.

The complex is a 428-unit, 99-year leasehold condominium within walking distance of four MRT stations: Downtown, Marina Bay, Shenton Way and Bayfront.

Its strongest appeal remains its prime central location, strong connectivity and direct access to the office cluster.