Two-bedder at Craig Place listed for auction at $1.59 mil
Craig Place is a 58-unit development along Craig Road in District 2 (Photo: Knight Frank)
A two-bedroom unit at Craig Place, a 99-year leasehold development in District 2, went under the hammer at Knight Frank’s auction on April 23. The 732 sq ft unit had a guide price of $1.59 million, which translates to $2,172 psf.
An owner’s sale, this is the first time the property has gone up for auction. Lodged caveats show that the unit was last sold for $653,701 ($893 psf) by the developer in July 2000.
The eighth-floor apartment features a combined living and dining area, a kitchen, an en suite master bedroom, and a common bedroom.
The eighth-floor apartment features a combined living and dining area (Photo: Knight Frank)
Completed in 2000, Craig Place is a 58-unit development along Craig Road. It features a singular residential tower housing a mix of one- to two-bedroom apartments measuring between 560 and 1,152 sq ft.
The development is located within a low-rise enclave predominantly comprising conserved commercial shophouses along Neil Road, Craig Road, Duxton Road and Tanjong Pagar Road. Other notable developments nearby include The Mondrian Singapore, a 302-room five-star hotel adjacent to Craig Place; and the landmark HDB high-rise The Pinnacle @ Duxton.
According to Sharon Lee, executive director of auction and sales at Knight Frank Singapore, the property “enjoys excellent connectivity”. It is a six- to eight-minute walk to three MRT stations: Maxwell (Thomson-East Coast Line), Tanjong Pagar (East-West Line) and Outram Park (East-West, North-East and Thomson-East Coast lines). It is also close to offices and retail amenities in Tanjong Pagar and other parts of the CBD.
Craig Place is located within a low-rise enclave predominantly comprising conserved commercial shophouses along Neil Road, Craig Road, Duxton Road and Tanjong Pagar Road (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Based on lodged caveats, Craig Place has not seen any units change hands this year. Last year, the development recorded two resale deals: a 732 sq ft two-bedder on the 12th floor fetching $1.58 million ($2,159 psf) in October, and a 570 sq ft, one-bedroom unit on the 10th floor going for $1.08 million ($1,893 psf) in July.
Before that, another 732 sq ft unit, located on the 11th floor, was transacted for $1.45 million ($1,981 psf) in December 2024.
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