National

SEPTEMBER 12, 2021

Rising numbers of Australian expatriates call Marina Bay their home

REALESTATEVIEW.COM.AU

Over the past few years, more and more people are moving overseas, experiencing a new life in another country. And the numbers speak for themselves. Currently, the total worldwide population of expatriates increased from 0.75% in 2013 to 1.13% in 2021, which is around 85 million people. However, expatriates aren't just moving anywhere; many are calling Singapore their home, of which 20,000 are Australians make up one of the largest expatriate populaces. Having similar value in their currencies is one of the biggest draws because while Australia continues to be one of the most expensive places to live in the world and the cost of living is 18.4% more expensive than Singapore.

While the island itself is home to 5.69 million people, non-citizens make up around 29% of the population including 20,000 Australians. However, expatriates are all heading to one particular district. While the Corona pandemic may have caused a ripple for its non-resident population, expats are still investing in Singapore's real estate market, especially in Marina Bay.

The Bay is in the heart of the city, surrounded by entertainment, office towers, restaurants, and special events. Marina Bay hosts Formula One Singapore Grand Prix, New Year celebrations, high-end art shows, and attractions including the Hexli Bridge, the National Gallery, Clarke Quay, ArtScience Museum, Singapore Flyer, and the Gardens by the Bay. For nations and expatriates, the district is a playground for the rich and elite.

That said, leading developers are eager to roll out new development projects, aided by new real estate technology and playing a role in defining the luxurious Bay. For example, one luxury residential development project is taking Marina Bay by storm. Leading property developer Bukit Sembawang Limited (BSEL) has a long history of half a century, developing projects in high-end districts such as Seletar Hills, Luxus Hills, and more. The development company is joining Marina Bay with their new and eye-catching project, LIV @ MB. The one-of-a-kind development provides residents with an exclusive urban-living experience right in the center of downtown.

LIV @ MB is adding pizzazz and richness into the neighborhood with 298 condos spread across two blocks of residential towers. The groundbreaking project will launch its LIV @ MB price to the public soon. The condominium development will offer mixed units, from one-bedroom to five-bedroom suites, right in the middle of the hottest district in Singapore. However, what makes this project unique are the amenities it offers its residents. The development will include a sky garden, playground, gym, BBQ pits, tennis courts, and a swimming pool with hydromassage beds. Residents can have entertainment without even leaving their buildings.

Aside from the high-end amenities is the location. LIV @ MB is close to public transportation, so locals and expatriates can easily access public transportation, including four MRT lines. For those that want to explore the district, the Bay offers exclusive Michelin-starred restaurants, high-end boutiques, and casinos to let loose and relax.

As Singapore remains stable during the pandemic, more expatriates will be granted access into the country, meaning one thing: they'll all want a piece of Marina Bay. Luckily, projects like LIV @ MB are providing expats with a place to call home. With luxury and vibrancy wherever you look, Marina Bay is one place where rich expats can play and live in the prime lifestyle district.

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REALESTATEVIEW.COM.AU

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