Two-bedder with patio at The Rochester Residences on sale for $2 mil

By Valerie Kor
/ EdgeProp Singapore |
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SINGAPORE (EDGEPROP) - A two-bedroom apartment at The Rochester Residences is on the market at a guide price of $2 million or $1,273 psf. An owner’s sale, the 1,571 sq ft unit is situated on the ninth floor. It was put up for auction by Knight Frank on Aug 18, but was not sold.
The Rochester Residences is part of a mixed-use development that includes Rochester Mall (Samuel Isaac Chua/The Edge Singapore)
The owner bought the unit for $1.77 million ($1,126 psf) when the 366-unit project was launched in 2007. The unit is currently being tenanted to an expat family until the end of this year. “The rooms are very spacious. The master bedroom can fit in two queen-sized beds and a baby cot comfortably, while the common bedroom can fit in a king-sized bed with two side-tables,” says Gwen Lim, senior manager at Knight Frank.
Excluding the patio space, the internal area is about 1,100 sq ft. The management allows owners to install vertical awnings, so the patio can be enclosed and used as additional space, says Lim.
Facilities at The Rochester Residences include a swimming pool, fitness gym, barbecue pits and a children’s playground. The project was completed in 2011, and was developed by United Engineers as part of a mixed-use development together with Rochester Mall. Rochester Mall is currently anchored by enrichment centres such as The Learning Lab and Chengzhu Mandarin centres. The development is also located opposite The Star Vista mall and near the Buona Vista MRT Interchange Station.
The Rochester Residences sits within the one-north area, a work-live-play environment under the JTC master plan featuring Biopolis, where the biomedical research and development centre for biomedical sciences is located; and Fusionopolis, where infocomm tech companies and Lucasfilm Singapore’s The Sandcrawler building is located.
The development is also located opposite The Star Vista mall and Buona Vista MRT Interchange Station, and is near to Rochester Park (Photo: Samuel Isaac Chua/The Edge Singapore)
The Metropolis, a Grade-A office development where many multinational firms are tenants, is also nearby. One-north is also near tertiary institutions such as Insead Asia Campus, Essec Business School and National University of Singapore.
There are not many other condominiums in the area, notes Lim. Besides the 99-year leasehold The Rochester Residences, the other is One-North Residences, developed jointly by UOL Group, Kheng Leong and Low Keng Huat. One-North Residences overlooks Nepal Park on one side, and the one-north Park on the other. The 405-unit private condo project was launched just a few months ahead of The Rochester Residences, fully sold and completed in 2009.
Next door to One-North Residences is the upcoming One-North Eden, a project by TID, a joint venture between Hong Leong Holdings and Mitsui Fudosan. The upcoming project was purchased in a government land tender that closed last September. The 165-unit private condominium is expected to be launched sometime in the coming months.
In the nearby Dover Park area, the condominiums are at least 20 years old, for instance, the 99-year, leasehold 618-unit Heritage View, which was completed in 2000; and the neighbouring 686-unit, 99-year leasehold Dover Park View, which was completed in 1997.
Two recent transactions at The Rochester Residences were for the sizeable 1,948 sq ft, three-bedroom units on the 35th and 32nd floors that changed hands in July and August respectively. The 35th-floor unit fetched $2.6 million ($1,335 psf), while the unit on the 32nd floor was sold for $2.55 million ($1,309 psf).
Meanwhile, at One-North Residences, there were two transactions in the month of August. One was for a 1,012 sq ft, two-bedroom-plus study on the 11th floor that was sold for $1.48 million ($1,463 psf); while the other was for a 1,109 sq ft, two-bedroom-plus-study unit on the ninth floor that fetched $1.5 million ($1,353 psf), based on caveats lodged.
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