Is a semi-detached house at Jalan Mariam a good buy?

Whether a new launch project like One Marina Gardens or a resale condo in the Marina Bay area is a good buy depends on your priorities, such as price, potential for growth, lifestyle, and risk appetite.

One Marina Gardens—a new launch—offers pricing aimed at local families and appears more affordable compared to high resale quantum in nearby projects. For instance, a three-bedroom unit is priced at about 2.45 million, which is lower than similar resale units in Marina Bay Residences or The Sail, where three-bedrooms averaged between 2.7 and 4 million. This relatively lower entry price may make One Marina Gardens more attractive to local buyers, young families, and investors looking for new facilities and longer lease tenure.

Resale projects like Marina One Residences have seen recent transactions at about 1,900 to 2,800 per square foot, with average yields around 3.8%. They offer ready-move-in options and a proven track record but may be priced higher, especially for larger units, and may not include the latest amenities or finishes.

If you appreciate new facilities, a full tenure on the lease, and potentially higher capital appreciation over the long term, new launches like One Marina Gardens may present better value. If you prefer established projects, immediate occupancy, and a well-defined track record—especially for rental performance—resale condos like Marina One Residences are worth considering.

Ultimately, the decision should also factor in your personal requirements such as budget, intended use (own stay or investment), and financing ability. Both types offer distinct advantages, but recent data indicates One Marina Gardens' pricing structure has been well received by local buyers, which may signal its value proposition in today's market.