DEAL WATCH: Two-bedder at Sennett Residence going for $1.6 mil

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/ EdgeProp
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July 1, 2018 8:00 AM SGT
Residents can enjoy views of the city skyline at Sennett Residence's pool deck (Credit: Ruth Lim/Propnex Realty)
A partially furnished two-bedroom unit at Sennett Residence in District 13 is up for sale at $1.6 million ($1,190 psf). The 1,345 sq ft unit is on the ground floor and comes with a large patio, according to Ruth Lim, associate marketing manager at Propnex Realty, who is marketing the unit. The owner is a local who is looking to downsize to a smaller unit within the Kallang neighbourhood. She purchased the unit at Sennett Residence in 2014 at $1.55 million ($1,152 psf).
Developed by Tuan Sing Holdings, Sennett Residence was launched in 2013. The 99-year leasehold development comprises four 19-storey blocks with a total of 332 residential units and three shops.
The unit that is up for sale is a three-minute walk to the Potong Pasir MRT station. It is suitable for people who enjoy living in a quiet neighbourhood, Lim says. There is also a bus stop near the side entrance of the development, she adds. In May alone, there were three transactions at Sennett Residence. The most recent one was that of a four-bedroom unit on the 16th floor that was sold for $4.52 million ($1,389 psf). This was preceded by the sale of a one-bedroom unit on the fifth floor for $0.92 million ($1,613 psf) and the sale of a two-bedroom unit on the 15th floor for $1.3 million ($1,510 psf).
In February, a unit between 1,300 and 1,400 sq ft was rented out for $4,300. Such units at the development can fetch monthly rents of $3,700 to $4,800, according to URA data.