One Bedroom Loft Fulcrum Sale 16 Mil
with property arm, says UOB Kay HianAnalyst confident in GuocoLand’s higher earnings, maintains ‘buy’ on stock
Knight Frank is set to auction off a one-bedroom-plus-study loft at Fulcrum, a freehold condo located in the popular District 15 area. The loft, located on Fort Road, will go under the hammer on June 20 and has a guide price of $1.6 million or $1,956 per square foot (psf). Being a mortgagee sale, the unit will be sold with vacant possession.
This marks the third time the property has been put up for auction. It was first listed as an owner’s sale in September 2023 at SRI’s auction, with a guide price of $1.73 million ($2,115 psf). However, as there were no buyers, it was withdrawn.
It was then listed for auction again by SRI in October 2023, this time with a revised guide price of $1.69 million ($2,066 psf). Again, it did not find a buyer.
The Fulcrum is a 128-unit, freehold condo that was completed in 2016. The units are mainly one and two bedrooms, ranging from 441 sq ft to 1,173 sq ft. There are also three-bedroom units, ranging from 1,346 sq ft to 2,153 sq ft, and three penthouse duplexes, measuring from 4,316 sq ft to 4,865 sq ft.
The most recent transaction at Fulcrum was in January 2021 when a fifth-floor, two-bedroom unit of 678 sq ft was sold for $1.51 million or $2,227 psf. This is the only unit that has changed hands at Fulcrum this year.
Read also: Within Mandarin Gardens reside enclaves comprising mansions and freehold condos
In 2020, there were only three resale transactions at Fulcrum. The prices ranged from $1.7 million ($2,051 psf) for an 829 sq ft, two-bedroom apartment on the seventh floor to $1.75 million ($2,139 psf) for an 818 sq ft, one-bedroom-plus-study loft on the ninth floor.
The Fulcrum is within walking distance of the upcoming Katong Park MRT Station on the Thomson-East Coast Line, which is scheduled to open on June 23. It is also a short drive away from various shopping malls, including Parkway Parade on Marine Parade Road, i12 Katong on East Coast Road, and Kallang Wave Mall on Stadium Place.
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