The unit features a combined living and dining area, an en suite master bedroom, two additional bedrooms, a kitchen and a yard (Photo: Knight Frank Singapore)
A three-bedroom unit at Park Infinia at Wee Nam will go under the hammer at Knight Frank’s upcoming auction on Feb 26, with a guide price of $3.75 million. This translates to around $2,601 psf on the unit’s floor area, measuring 1,442 sq ft.
This is the first time the property has been put up for auction, according to Sharon Lee, head of auction and sales at Knight Frank Singapore. The firm was appointed to manage the auction by the Management Corporation Strata Title (MCST) of Park Infinia at Wee Nam. An MCST sale typically occurs when the MCST of a development puts a unit up for sale after the owner defaults on the monthly maintenance fees and sinking fund.
Located on the 23rd floor of the development, the unit going up for auction features a combined living and dining area, an en suite master bedroom, two additional bedrooms, a kitchen and a yard. It is serviced by a private lift.
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Based on lodged caveats, the property last changed hands for $2.38 million, or $1,650 psf, in May 2010.
Lee anticipates the unit to draw interest from both owner-occupiers and investors. For the former, she notes that the unit’s layout and size are well-suited for families, who will also likely be drawn to the condo’s proximity to schools.
For the latter, Lee expects the unit to appeal to higher-end investors. “With rents for three-bedders in this project currently estimated to range from $7,500 to $8,500 per month in 2026, the gross yield is attractive for a freehold asset in the Core Central Region,” she says.
Completed in 2008, Park Infinia at Wee Nam is a condo located along Lincoln Road in prime District 11. The 486-unit development houses a mix of one- to four-bedroom units spanning 560 to 2,002 sq ft. It also offers penthouses of 2,702 to 3,315 sq ft.
Rents for three-bedroom units at the development are estimated at $7,500 to $8,500 per month, says Lee (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Lifestyle hubs such as United Square and Novena Square are within walking distance to the condo, while the Orchard Road shopping belt is a six-minute drive away. The development is also close to Novena MRT Station on the North-South Line and Newton MRT Station, which serves both the Downtown and North-South Lines.
Within a 1km radius of the development are Anglo-Chinese School Junior and Primary, as well as St Joseph’s Institution Junior, while Singapore Chinese Girls’ School, St Margaret’s Primary School and Hong Wen are located within a 2km radius.
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The most recent transactions at the development occurred on Dec 2 last year. Two units, measuring 850 and 1,442 sq ft, were sold for $2.29 million ($2,691 psf) and $3.62 million ($2,510 psf), respectively.
Before that, two units changed hands in November — another 1,442 sq ft, three-bedroom unit fetched $3.53 million ($2,447 psf), while a larger 1,464 sq ft unit transacted for $3.55 million ($2,425 psf).
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