Question 1

Where is Marina Collection?

Accepted Answer

Marina Collection is in Sentosa Cove, District 4, Core Central Region. The development has 124 units, was completed in 2011, and is on 99-year leasehold from its 2007 launch — about 79 years remain.

Question 2

Why is UOB selling these units?

Accepted Answer

They follow the conclusion of UOB's legal dispute with the original developer over 38 defaulted housing loans. The units are being sold by the bank, not the developer.

Question 3

What do the prices include?

Accepted Answer

Apartments are sold on an as is, where is basis. Asking prices start from $2.588m for three-bedroom and $2.948m for four-bedroom units.

Question 4

Can I buy a tenanted unit?

Accepted Answer

Yes. 26 of the 38 units are tenanted, with leases expiring between 4Q2026 and 4Q2028. Your rental income and lease terms should be confirmed unit by unit.

Question 5

What is the payment schedule?

Accepted Answer

A 1% option fee, 4% on exercise within two weeks, and 95% on completion within eight weeks. UOB financing of up to 75% of the purchase price is available, subject to credit assessment and valuation.

Question 6

Is this a new launch?

Accepted Answer

No. Marina Collection was launched in 2007 and completed in 2011. This is a bank sale of 38 existing units.