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View Full Version : Ghost luxury condo means property market going to collapse soon


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14-01-2014, 06:00 AM
An honorable member of the Coffee Shop Has Just Posted the Following:

Less than 10% occupied although TOP for some time!


Fire breaks out at 65th floor unit of Marina Bay Suites

Published on Jan 14, 2014

By Lim Yan Liang

A fire broke out at a 65th floor unit of the Marina Bay Suites condominium on late Monday night, forcing residents to be evacuated from their apartments.

No residents were injured in the incident but a Singapore Civil Defence Force (SCDF) personnel was taken away in an ambulance conscious. The SCDF, which received a call for assistance at 10.11pm, said the fire involved contents of renovation materials, such as paint, at the service lift lobby area.

"A fire was reported here at 10pm, and immediately we evacuated all residents and called the SCDF," said Mr Thomas Tan, director of residential and marketing for Raffles Quay Asset Management, which manages the development. "As far as we know, all residents are down (here) and accounted for."

Mr Tan told reporters at 2am on Tuesday that the 221-unit development was largely unoccupied, with residents living in only 20 of the units. The 65th floor apartment that caught fire was unsold and unoccupied, he added.


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