{"id":55122,"date":"2026-05-25T07:59:37","date_gmt":"2026-05-24T23:59:37","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=55122"},"modified":"2026-05-25T07:59:37","modified_gmt":"2026-05-24T23:59:37","slug":"singapores-marina-bay-penthouse-sold-for-a-loss-at-9-4m-price-tag","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=55122","title":{"rendered":"Singapore’s Marina Bay penthouse sold for a loss at $9.4M price tag"},"content":{"rendered":"


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The transaction is the largest condominium capital loss recorded so far in the wider District 1 area, which includes Boat Quay, Raffles Place and Marina, according to property news platform 99.co.<\/em><\/p>\n

The five-bedroom unit is located on the 48th floor of 18 Marina Boulevard. Records show the seller had bought the unit on the subsale market in April 2007 for SGD5.58 million.<\/p>\n\n\n\n\n
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Marina Bay Residences in Singapore. Photo courtesy of Marina Bay Residences<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Based solely on the resale price, the seller is estimated to have suffered a capital loss of about 23% after holding the unit for more than 19 years.<\/p>\n

The actual loss is likely to be higher once other ownership costs are included, such as legal fees, maintenance fees, property taxes and financing costs.<\/p>\n

The same penthouse had previously changed hands twice on the subsale market in 2007, at the height of Singapore\u2019s pre-Global Financial Crisis property boom.<\/p>\n

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,<\/p>\n

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.<\/p>\n

Such eye-catching capital gains, however, are far less likely today because of stricter Seller\u2019s Stamp Duty (SSD) rules introduced in 2025.<\/p>\n

The recent SGD3.6 million loss at Marina Bay Residences<\/a> is now the largest condominium resale loss ever recorded in District 1 in absolute dollar terms.<\/p>\n

It surpassed the previous district record set last year, which also came from the same development.<\/p>\n

That penthouse, with four bedrooms, was sold at a SGD3.2 million loss in 2025, according to property listing platform EdgeProp.<\/p>\n

Marina Bay Residences now accounts for all three of District 1\u2019s largest unprofitable condo resale transactions.<\/p>\n

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

Its strongest appeal remains its prime central location, strong connectivity and direct access to the office cluster.<\/p>\n<\/div>\n