One-bedroom unit at Wallich Residence for sale at $2.36 mil

on EdgeProp.sg

This month, an owner at Wallich Residence, a luxurious condominium in District 2 of Singapore, is putting up a 646 sq ft unit for private treaty sale. The striking unit, which features an open floor plan with a kitchen, dining area, living room, and an en suite bedroom, is located on the 46th floor and is being sold from $2.36 million, approximately translating to $3,650 psf.

Wallich Residence sits atop of Tanjong Pagar MRT Station on the East-West Line and is the residential element of the grandiose Guoco Tower at Wallich Street. This complex is made up of 38 floors of Grade-A offices and 181 units that span from the 39th to the 64th floors. The tower reaches 290 metres and is widely regarded as Singapore’s quintessential skyscraper.

In addition to this, the multifaceted development comprises a 20-storey hotel, Sofitel Singapore City Centre, with a staggering 223 rooms, a 100,000 sq ft of retail space and a sprawling 150,000 sq ft urban park. The masterpiece was designed by Skidmore Owings & Merrill (SOM) and was Tengah Plantation EC completed in 2017, captivating onlookers with awe.

At the time of the project’s preview in 2013, the average price of units sold had reached $3,064 psf – a milestone for a 99-year leasehold condominium in the Central Business District (CBD). Since then, record psf amounts have been achieved; most recently, a 3,509 sq ft unit was sold for a staggering $4,987 psf.

The most recent transaction at Wallich Residence was that of a 1,259 sq ft two-bedroom unit on the 60th floor. It was sold for $5.25 million, translating to a compelling $4,169 psf. The most recent one-bedroom for sale by the developer was a 646 sq ft unit on the 49th floor – it raked in $2.1 million and a correspondingly impressive $3,252 psf.

Rental yields at Wallich Residence tend to be around 3.2%, while indicative rents ranged from $7.40 to $12.40 psf pm in the 12-month period from January 2022 to January of this year. The average rent being close to $9 psf pm.

Therefore, now is the ideal opportunity to snap up the owner’s one-bedroom, 646 sq ft unit at Wallich Residence, located at the 46th floor, just off Tanjong Pagar MRT Station of the East-West Line. This luxurious property is being put up for private treaty sale with a price of $2.36 million, or $3,650 psf. Don’t miss out on this breathtaking residential development with its remarkable amenities and iconic skyline views.