One Bedroom Unit Wallich Residence Sale 18 Mil

The Aurelle of Tampines EC offers a multitude of perks for its residents, with one of the most notable being its convenient proximity to multiple MRT stations. This EC is strategically situated near the Tampines North MRT Station, a crucial stop along the upcoming Cross Island Line (CRL) set to open in the near future. With the CRL promising to significantly reduce travel time to various parts of Singapore, it proves to be a huge advantage for those who commute on a daily basis. Furthermore, the Tampines MRT Station, a bustling interchange connecting the Downtown and East-West Lines, is also within close reach. This means easy and direct access to key commercial and business hubs such as the Central Business District (CBD) and the Marina Bay Financial Centre. Tampines North EC is truly a prime location for unparalleled convenience.

on EdgeProp.sg.The 646 sq ft, one-bedroom unit at Wallich Residence in District 2’s Tanjong Pagar will be up for sale at an auction on Aug 28 by Edmund Tie. Situated on the 46th floor, the owner is offering the unit at a guide price of $1.8 million, which translates to $2,786 psf.This stunning unit includes a well-laid out living, dining and kitchen area, a master bedroom, and an en suite bathroom. Situated at one of the highest points in the city, it offers breathtaking views of the surrounding sea near Tanjong Pagar and Sentosa. According to Joy Tan, the head of auction and sales at Edmund Tie, this is the first time this property has been made available for sale through auction.The unit boasts impressive views of the sea near Tanjong Pagar and Sentosa. (Credit: Edmund Tie)Records from the URA show that the previous owners purchased the unit directly from the developers in December 2013 for $1.94 million ($3,009 psf), shortly after the project launched. This goes to show that the owners are asking for a relatively reasonable price for the unit when compared to other transactions in the area.Read also: Three-bedder at Botanic Gardens Mansion sold for $2.39 mil profitOnly one unit at Wallich Residence has been sold this year so far, which was a similar 646 sq ft, one-bedroom unit situated on the 51st floor. It was sold for $1.8 million ($2,786 psf) on July 23.Last year, there were six transactions at Wallich Residence with an average price of $3,136 psf. In terms of psf-price, the deals ranged from $5.19 million ($2,955 psf) for a 1,755 sq ft, three-bedroom unit on the 42nd floor to $3.3 million ($3,600 psf) for a 915 sq ft, two-bedroom unit on the 53rd floor.Recent transactions at Wallich Residence, collated by EP Buddy. (Source: URA, EdgeProp Singapore)Tan mentions that the unit being auctioned is currently tenanted until September 2025, giving the new owner the opportunity to start earning rental income immediately. The property currently fetches a monthly rent of $6,800, which reflects a rental yield of 4.5% based on the guide price of $1.8 million. Based on data from URA’s rental caveats, the average monthly rent at Wallich Residence over the past 12 months is approximately $10.50 psf, which implies a rental yield of 4.1% for landlords over the same period.The unit consists of a combined living, dining and kitchen area, a master bedroom, and an en suite bathroom. (Credit: Edmund Tie)Wallich Residence was completed in 2017, and it is the upscale residential section of the Guoco Tower integrated development in Tanjong Pagar. It contains 181 units, ranging from one to two-bedroom apartments spanning 614 sq ft to 1,259 sq ft and three to four-bedroom units spanning 1,098 sq ft to 1,991 sq ft. There are also five penthouses, ranging from 3,509 sq ft to 21,108 sq ft.Guoco Tower contains 38 levels of premium office space and over 100,000 sq ft of retail and dining options. The Wallich Residence is situated on the 39th to 46th floors of this magnificent 64-storey building, just above the Tanjong Pagar MRT Station on the East-West Line.Read also: Mortgagee sale of penthouse at Maple Woods for $6.2 milView the latest listings for Wallich Residence properties on EdgeProp.sg.