Duplex penthouse at Spottiswoode 18 for sale at $1.55 mil
A one-bedroom duplex penthouse at Spottiswoode 18, situated along Spottiswoode Park Roadway in prime District 2, will certainly be installed for public auction on Nov 23. It is a proprietor’s sale, with an overview rate of $1.55 million, claims Yvonne Lau, senior supervisor of the public auction as well as sales at age Real estate Network, which is managing the auction. A one-bedroom duplex penthouse at Spottiswoode 18, situated along Spottiswoode Park Road in prime Area 2, will certainly be installed for auction on Nov 23. It is a proprietor’s sale, with a guide price of $1.55 million, says Yvonne Lau, senior supervisor of auction and sales at ERA Realty Network, which is taking care of the auction.
The penthouse gauges 893 sq ft, equating to a guide cost of $1,736 psf. The lower level of the penthouse has an en suite bedroom, a kitchen, an air-raid shelter, and a living and dining area that leads out to the veranda. The top level of the penthouse, available via a spiral stair from the terrace, features a roofing system balcony as well as a swimming pool. The device is presently rented out up until October 2023 and will certainly be offered with existing occupancy.
Finished in 2015, Spottiswoode 18 is a property advancement by Roxy-Pacific Holdings. The advancement consists of a single 36-storey tower with 251 residences. Systems make up one- as well as two bedders gauging between 387 sq ft and 1,324 sq ft. There are likewise nine penthouse devices comprised of one-bedroom duplex apartments varying from 893 sq ft to 1,324 sq ft.
On Oct 19, an 893 sq ft, one bedroom duplex penthouse was sold for $1.28 million ($1,433 psf). Based on caveats lodged, various other recent deals included the sale of a 710 sq ft unit on the 33rd floor for $1.29 million ($1,810 psf) in May. In June, a 657 sq ft device cost $1.42 million ($2,163 psf), while a 388 sq ft system was sold for $880,000 ($2,271 psf) in July.
ERA’s Lau believes the system to be auctioned will certainly draw interest from regional and expatriate singles and also young couples that are brought into the property’s area and the lifestyle offerings nearby, like the dining establishments and also bars along Keong Saik Roadway as well as the Tanjong Pagar area. The system may additionally attract financiers, “considered that its location, as well as neighboring amenities, make it simple to rent out”, she adds.
Spottiswoode 18 lies in the Spottiswoode location, Pullman Residences Location, and houses a number of condominiums. These include the 351-unit Spottiswoode Residences and the 183-unit Spottiswoode Suites located on Spottiswoode Park Road; and the upcoming Skies Everton on Everton Roadway, a 264- system advancement arranged for completion in 2023.
The Spottiswoode area is part of a residential enclave located at the fringe of the CBD, near the Tanjong Pagar, Chinatown, and also Outram areas. The enclave makes up a mix of public as well as personal real estate, consisting of the 50-storey Pinnacle@Duxton– Singapore’s highest public housing structure — located at the corner of Neil Road and Cantonment Roadway and also the Everton Park housing estate. Spottiswoode 18 lies concerning 300m from the upcoming Cantonment MRT Terminal on the Circle Line, slated for conclusion in 2026. It is also near malls such as Tanjong Pagar Centre, 100 AM Shopping Mall as well as Icon Town.