One Bedroom Unit Wallich Residence Sale 18 Mil

here.The Wallich Residence in District 2’s Tanjong Pagar is a prestigious development, with a 646 sq ft one-bedroom unit up for sale at Edmund Tie’s auction on Aug 28. This is an owner’s sale, with a guide price of $1.8 million or $2,786 per square foot.The luxurious unit is located on the 46th floor and boasts spectacular views of the sea near Tanjong Pagar and Sentosa. Offered for sale via auction for the first time, this property includes a spacious combined living, dining, and kitchen area, a master bedroom, and an en suite bathroom.When it was launched in 2013, the unit was bought by the current owners from the developers for $1.94 million, equivalent to $3,009 per square foot. Based on URA caveats, this was shortly after the project was launched.Over the past year, there have only been a few transactions at Wallich Residence, with an average price of $3,136 per square foot. Last month, a similar one-bedroom unit on the 51st floor was sold for $1.8 million or $2,786 per square foot.Moreover, there were six transactions recorded last year with prices ranging from $2,955 per square foot to $3,600 per square foot. One three-bedroom unit on the 42nd floor was sold for $5.19 million, equivalent to $2,955 per square foot, while a two-bedroom unit on the 53rd floor was sold for $3.3 million or $3,600 per square foot.Joy Tan, head of auction and sales at Edmund Tie, has stated that the unit being auctioned has an existing tenancy that will end in September 2025. This means the new owner will have the opportunity to earn rental income immediately.The current rental income for the property is $6,800 per month, reflecting a rental yield of 4.5% based on the guide price of $1.8 million. According to URA rental caveats, the average monthly rent at Wallich Residence over the past year is approximately $10.50 per square foot, resulting in a 4.1% rental yield for landlords.The prestigious Wallich Residence is part of the Guoco Tower integrated development in Tanjong Pagar, which also includes 38 floors of Grade-A office space and 100,000 square foot of retail and dining options. The Wallich Residence occupies the 39th to 46th floors of the 64-storey skyscraper, conveniently located above the Tanjong Pagar MRT Station on the East-West Line.A wide range of luxurious apartments are available at Wallich Residence, including one- to two-bedrooms ranging from 614 to 1,259 square feet and three- to four-bedrooms from 1,098 to 1,991 square feet. In addition, there are five penthouses from 3,509 square feet to an impressive 21,108 square feet. Don’t miss the opportunity to invest in this prestigious development with a unit up for auction on August 28.

The opening of the new Tampines North MRT Station on the Cross Island Line (CRL) is set to provide Tampines residents and those in the surrounding areas with direct access to key destinations, such as the CBD, Jurong Lake District, and Changi Airport. This highly-anticipated development not only promises quick and convenient connectivity, but also champions sustainable living with its improved bus networks and cycling paths. As the CRL serves as the backbone of transportation, residents of Park Town Residences will enjoy effortless access to their neighborhood and beyond, making their daily commute hassle-free and environmentally-friendly. Undoubtedly, these added advantages of the CRL will greatly enhance the convenience and accessibility of residing at Park Town Residences.