A notable transaction at The Marbella has set a new benchmark in the local property market. On May 23, 2025, a three-bedroom unit within the prestigious freehold development was resold for an impressive $4 million. This sale not only marked a significant financial achievement for the seller but also shattered the previous resale record for the complex, signaling a robust demand for real estate in this sought-after location.
The unit, measuring 1,625 square feet and situated on the tenth floor, was originally purchased in November 2003 for $1.24 million, equating to $766 per square foot. The resale transaction yielded a remarkable profit of $2.75 million, reflecting an astounding 221.3% increase in value since its initial acquisition. Such a substantial profit underscores the strong appreciation of property values at The Marbella, a development that has consistently attracted attention since its completion in 2005.
With a total of 239 units ranging from 1,076 to 4,284 square feet, The Marbella has become a staple in the local real estate market, offering a blend of luxury living and investment potential. The recent sale sets a new high for the complex, surpassing the previous record of $2.52 million profit achieved by a four-bedroom unit that was sold in March 2023.
This progression in resale values reflects not only the desirability of the units but also the overall health of the property market in the area. The annualized gain for the recently sold three-bedroom unit stands at 5.6% over a holding period of 21½ years, indicating a steady growth trajectory that appeals to both current and prospective homeowners and investors alike.
Buyers and sellers observing these trends may find encouragement in the resilience of The Marbella’s market performance. The combination of location, quality of living, and the amenities offered by the development contributes to its continued allure.
As property values rise and records are consistently broken, it becomes evident that The Marbella is not just a place to live but also a prime investment opportunity. This latest transaction highlights the potential for significant returns in the local property market, particularly for units within well-established developments like The Marbella.
As the demand for quality housing remains strong, it is anticipated that further transactions may continue to push boundaries, encouraging both seasoned investors and first-time buyers to explore opportunities within this thriving market.
RETAIL & OFFICES SPACE FOR SALE: FORTUNE CENTRE
Fortune Centre offers a range of retail and office spaces for sale, catering to diverse business needs.
With attractive Fortune Centre floor plans and competitive prices, it stands out as a prime investment opportunity in Singapore’s commercial real estate market.
View FORTUNE CENTRE Retail Shops and Offices for sale by contacting 6200 6220.
News Source: Edgeprop
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