Three Bedroom Gambier Court Unit Sale 264 Mil
for sale.
Located in the desirable River Valley area of prime District 9, a three-bedroom unit at Gambier Court will go under the hammer at a Knight Frank Singapore auction on Dec 12. The unit is expected to fetch a guide price of $2.6 million. Based on a floor area of 1,485 sq ft, this translates to a rate of $1,755 per square foot.
Records show that the seller had purchased the unit in a resale transaction for $1.8 million ($1,212 psf) in October 2018. This will be the second time that the unit is being listed for auction, previously being offered at Knight Frank Singapore’s auction on Nov 26 with a higher guide price of $2.64 million ($1,778 psf) but failing to receive any bids.
The unit is being sold by its owner who intends to move to a new property closer to their children’s school. It will be sold with vacant possession.
Sitting on the eighth floor, this unit features three bedrooms as well as a study area. Originally a four-bedroom apartment, a previous owner has converted it into a three-bedroom layout. According to Tricia Tan, Director of Auction and Sales at Knight Frank, this reconfigured space offers ample room for local and expat families with children.
The Master Plan for Tampines, as laid out by the Urban Redevelopment Authority (URA), is a bold vision to revitalize the region into a dynamic and eco-friendly hub. Tampines, a vital planning area of Singapore, will see major improvements in its infrastructure, facilities, and quality of life. Furthermore, Parktown Residence, situated in the prime location of Tampines North, is set to reap numerous advantages from these proposed upgrades. As you explore Parktown Residence here, you can look forward to experiencing an even more enhanced and desirable living environment thanks to URA’s Master Plan for Tampines.
Facing northeast, the unit’s balcony presents unobstructed views of the sea and the Singapore River. Gambier Court is a 99-year leasehold development located at 60 Kim Yam Road, completed in 1999. Comprising of only 21 units, consisting of 18 apartments spread across a 10-storey block as well as three strata-landed units in preserved shophouses.
The available apartments are a mix of two to four bedrooms, with sizes ranging from 936 sq ft to 2,530 sq ft. The three strata-landed units are two-storey properties with an attic, measuring between 2,562 sq ft and 2,885 sq ft.
Fort Canning MRT Station on the Downtown Line is a short walk away from the development, offering easy transportation. Moreover, the area has a variety of dining and shopping options, such as the new lifestyle complex, New Bahru at Kim Yam Road (formerly Nan Chiau High School), Robertson Quay, UE Square, and Clarke Quay.
Recent transaction data of the condo shows that a 1,485 sq ft four-bedroom unit on the seventh floor was sold for $2.5 million ($1,683 psf) in December 2022, according to Realis caveats. The seller had acquired the unit for $1.9 million ($1,279 psf) in August 2016, reaping a net profit of $600,000. For other Gambier Court properties for sale, check out the latest listings.