Foreigner Will Not Buy One Marina Garden


Foreigner Will Not Buy One Marina Garden

Have you seen what’s brewing in Marina Bay lately? This is just my personal take, but I believe foreigners won’t be rushing to buy One Marina Garden. And if I were a first-time buyer? I’d think twice too.

Let me explain why.

Too Many One-Bedders, Too Much Competition

Did you know there are already hundreds of one-bedroom units sitting in District 1 waiting to be rented out? Go ahead, check the listings yourself. The supply is high—and it’s growing. Marina Bay might be iconic, but the rental market here is super competitive. If you're buying for rental income, you’re not the only one. Everyone is trying to rent out the same type of unit.

So ask yourself—do you want to fight for tenants?


And it’s not cheap either. A one-bedder at One Marina Garden might set you back $1.1M to $1.2M at around $2,700–$2,900 psf. The gross yield might look okay on paper (4.6%), but after costs—mortgage, taxes, maintenance, and potential vacancyyour net yield may drop to 2–3%.

Foreigners Likely Won’t Buy

Here’s the truth no one’s saying—foreigners are unlikely to buy One Marina Garden. It’s a 99-year leasehold, and the unit mix and pricing don’t scream “overseas investor-friendly.”

Most high-net-worth foreigners want either freehold properties or something more iconic, like branded residences or trophy homes. They’re not buying cookie-cutter condos in an oversupplied area.

Not the Right Product for First-Time Buyers

If this is your first property, I suggest you look elsewhere. Marina Bay may sound sexy, but at this price point and yield, it’s not your safest entry. You want value, stability, and room for growth. This? It's high risk, moderate return—and frankly, too uncertain unless you know the market well.

The Better Option? W Residences at Marina View by IOI

Now let’s talk about something more exciting. W Residences at Marina View by IOI Properties is not for everyone—but it could be perfect for savvy upgraders or serious investors who want something bold, unique, and potentially high-return.

W Residences: High Risk, But High Reward

This is a luxury branded residence in the heart of Marina Bay. The kind of place where owners don’t just buy a home—they buy a name, a lifestyle, and a brand. It’s not for first-time buyers—let’s be clear. But if you already have a portfolio and you’re looking for something special, this could be it.

Yes, it’s more expensive (expected around $3,500-4500 psf) and the risk is higher because it’s a more niche product. But here’s the thing—there’s far less supply, and it stands out from the crowd. There’s real scarcity, especially if IOI makes it a branded luxury tower with the W Hotel attached.

If One Marina Flops, W Might Not Even Launch

IOI is watching the One Marina Garden launch very closely. If sales are weak, they might delay or cancel W Residences altogether. That tells you one thing—One Marina is the test. If it fails, it could shake confidence in the area. If it succeeds, prices in the area could surge, and W Residences might become the next big thing.

One Marina Garden vs. W Residences at Marina View

Feature

One Marina Garden

W Residences at Marina View

Developer

Kingsford

IOI Properties

Tenure

99-Year Leasehold

99-Year Leasehold

Launch Price

$2,700–$2,900 psf

$3,500-4500 psf (estimated)

Unit Types

1–4 Bedroom

Likely Larger, Luxury Units

Rental Competition

High (many 1-bedders)

Lower (luxury market niche)

Buyer Profile

First-time buyers, locals

Upgraders, luxury buyers

Foreign Buyer Appeal

Low

Higher (branded residence appeal)

Potential Yield (Net)

2–3%

Unknown, but premium rents possible

My Honest Advice

If you’re a first-time buyer, please weigh your options carefully. Don’t get caught up in the hype. Just because it’s new doesn’t mean it’s right for you.

If you’re buying for rental, know your competition. Marina Bay sounds good—but look at the numbers. How will your unit stand out in a sea of identical one-bedders?

If you’re looking for something with more long-term upside and uniqueness, and you already have experience in property, keep an eye on W Residences at Marina View. Yes, it's riskier. But it's also more exclusive, and that’s where real opportunities can lie.

Not all Marina Bay condos are equal.
Some are built for the masses.
Some are built for legacy.


Which one are you buying?

If you’re thinking of buying and want an honest second opinion, reach out to me anytime. I’m here to help you make the smartest move for your goals.