Proximity to Greater Southern Waterfront spurs condo sales in Tanjong Pagar, Shenton Way

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/ EdgeProp
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March 25, 2019 9:00 AM SGT
Condos in the Shenton Way, Tanjong Pagar and Spottiswoode Park neighbourhoods have seen a pick-up in transactions, especially in the week of March 5-12.
The most noticeable is at Wallich Residence at Tanjong Pagar Centre where four high-floor units were sold, of which caveats were lodged for three. Two of the transactions were for 614 sq ft, one-bedroom units: the one on the 51st floor fetched $2.38 million ($3,879 psf), and was the highest achieved for a one-bedder; while the other was on the 43rd floor, and went for $2.15 million ($3,504 psf), according to URA Realis. The third unit transacted at Wallich Residence where a caveat was lodged is a 1,098 sq ft, three-bedroom unit that went for $3.53 million ($3,211 psf).
Four units have been sold at Wallich Residence at Tanjong Pagar so far this month, and have attracted buyers from China and America (Pictures: Samuel Isaac Chua/EdgeProp Singapore)
A fourth unit was also sold this month, but no caveat was lodged. It is a 1,313 sq ft, three-bedroom unit which fetched $4.15 million ($3,157 psf).
The buyers were said to comprise a wide spectrum of nationalities: a Singaporean, a permanent resident, an American citizen and a Chinese national. The 181-unit luxury residences span the 39th to 64th storeys – the top 25 floors of Singapore’s tallest tower, which stands 290m tall.
Other transactions in the Tanjong Pagar neighbourhood included a 506 sq ft, one-bedroom unit at Skysuites@Anson that was sold for $1.35 million ($2,668 psf), and a 1,001 sq ft two-bedder at the nearby Icon that changed hands for $1.67 million ($1,668 psf).
In the adjacent Spottiswoode Park area, a 797 sq ft, two-bedroom at Spottiswoode Residences changed hands for $1.6 million ($2,009 psf), and the neighbouring Spottiswoode 18 saw an 893 sq ft, one-bedroom penthouse sold for $1.45 million ($1,623 psf).
Even The Beacon on Cantonment Road, a condo completed 11 years ago, saw two units sold in the first week of March: a 1,109 sq ft unit on the fifth floor and a 1,163 sq ft unit on the 13th floor that went for $1.5 million each.
Along Shenton Way, two units at V on Shenton (pictured below) also found buyers. One was a 474 sq ft, one-bedroom unit...