Singapore Luxury Condo’s Early Flop Shows Property Boom’s Limits An artist impression of the W Residences Marina View.Source: IOI Properties Group Berhad A large-scale luxury development in Singapore sold only a tiny fraction of units when it started accepting bookings, reflecting the struggles of the priciest segment in the city-state’s otherwise stratospheric property market. The W Residences Marina View condominium began pre-sales last Saturday, and buyers booked only two of its 683 units over the weekend, according to people familiar with the matter who asked not to be identified sharing private information. The complex is located in the heart of the country’s central business district, a short walk from skyscrapers that house global financial institutions and multinational companies.
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Singapore Luxury Condo’s Early Flop Shows Property Boom’s Limits

An artist impression of the W Residences Marina View.Source: IOI Properties Group Berhad
A large-scale luxury development in Singapore sold only a tiny fraction of units when it started accepting bookings, reflecting the struggles of the priciest segment in the city-state’s otherwise stratospheric property market.

The W Residences Marina View condominium began pre-sales last Saturday, and buyers booked only two of its 683 units over the weekend, according to people familiar with the matter who asked not to be identified sharing private information. The complex is located in the heart of the country’s central business district, a short walk from skyscrapers that house global financial institutions and multinational companies.