Three Bedroom Gambier Court Unit Sale 264 Mil
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Knight Frank Singapore will be auctioning a three-bedroom unit at Gambier Court, a prestigious boutique condo located along Kim Yam Road in prime District 9 in the River Valley area. The property is scheduled to be auctioned on Dec 12 with a guide price of $2.6 million. This translates to a price of $1,755 per square foot for the unit’s 1,485 square feet floor area.
Records show that the current owner had purchased the unit in October 2018 at $1.8 million, which is equivalent to a price of $1,212 per square foot. This is an owner’s sale and it marks the second time that the unit is going up for auction. Previously, it was listed at Knight Frank Singapore’s auction on Nov 26 with a higher guide price of $2.64 million, which is $1,778 per square foot, but it did not receive any bids.
According to Tricia Tan, director of auction and sales at Knight Frank, the seller is selling the unit to relocate to a home that is closer to their children’s school. The unit will be sold with vacant possession, which makes it an attractive investment opportunity.
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The unit is located on the eighth floor and boasts three bedrooms and a study area. The original layout was a four-bedroom apartment, but a previous owner had converted it into a three-bedroom unit. Tan mentions that the new configuration provides a more spacious layout, making it ideal for both local and expat families with children.
The prime location of the unit also offers unblocked views of the sea and Singapore River from the balcony, which faces northeast.
Gambier Court is a 99-year leasehold condo that was completed in 1999. It is a low-density development with only 21 units, including 18 apartments in a 10-storey block and three strata-landed units located in conserved shophouses. The apartments range from two to four bedrooms and vary in size from 936 square feet to 2,530 square feet. The strata-landed units are two-storey properties with an attic, measuring between 2,562 and 2,885 square feet.
The condo is conveniently situated within walking distance of Fort Canning MRT Station on the Downtown Line and is surrounded by a variety of dining and shopping options, including the newly developed lifestyle hub, New Bahru at Kim Yam Road (formerly Nan Chiau High School), Robertson Quay, UE Square, and Clarke Quay.
Based on Realis caveats, the most recent transaction at Gambier Court was for a four-bedroom unit on the seventh floor, measuring 1,485 square feet, which was sold for $2.5 million, or $1,683 per square foot, in December 2022. The seller had purchased the unit in August 2016 for $1.9 million, which equates to a price of $1,279 per square foot, resulting in a net profit of $600,000. To find out more about the latest listings for Gambier Court properties, visit their website.
