UNDER THE HAMMER: Eon Shenton unit up for sale at $1.9 mil

By
/ EdgeProp Singapore
|
September 20, 2019 8:00 AM SGT
Completed in 2017, Eon Shenton is a 99-year leasehold development comprising a mix of residential units, strata offices and shops (Credit: Edmund Tie)
SINGAPORE (EDGEPROP) - A 947 sq ft, two-bedroom unit at Eon Shenton, along Shenton Way in Tanjong Pagar, District 2, will be put up for auction on Sept 25. This is an owner’s sale with a guide price of $1.9 million ($2,006 psf), according to Edmund Tie, which is handling the auction.
The 23rd-floor unit has never been lived in and is in brand-new condition, says Joy Tan, head of auction and sales at Edmund Tie. The owner is looking to sell the property to diversify his property portfolio, she adds.
The unit has a double-volume ceiling in the living area, boasting a loft concept. It was first purchased in August 2012 for $1.76 million ($1,855 psf) from the developer.
ADVERTISEMENT
Based on rental records lodged with the URA, units of 900 to 1,000 sq ft in size at the development have fetched rentals of $3,650 to $4,500 per month.
For price trends, recent transactions, other project info, check out the EON Shenton project research page
The unit has a double-volume ceiling in the living area, boasting a loft concept (Credit: Edmund Tie)
Completed in 2017, Eon Shenton is a 99-year leasehold development comprising a mix of residential units, strata offices and shops. It is a six-minute walk to Tanjong Pagar MRT Station on the East-West Line, and is directly opposite the upcoming Prince Edward Road MRT Station on the Circle Line, which will be a two-minute walk away. The 100AM mall is five minutes away by foot.
The property is “likely to attract investors given its prime location in the heart of Tanjong Pagar”, says Tan.
ADVERTISEMENT
“Given that even city-fringe developments nearby have soared above $2,000 psf, $2,000 psf for a CCR [Core Central Region] development opposite an MRT station is reasonable,” she adds.
Check out the latest listings near EON Shenton, MRT Stations and Schools
Read also:
Follow Us On
Our Sites
Edgeprop.sg (previously known as The Edge Property Singapore) – is the best property portal for home-seekers, buyers, investors and real estate agents alike in Singapore. On EdgeProp, you will be able to find all the latest news and views, informational guides, historical transactions and rental searches, and research data and analysis.
Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDB flats, landed houses or commercial properties, we bring you Singapore’s the most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions.
Make better decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property and find properties below market value in Singapore. Meanwhile, discover all things en bloc, including Singapore en bloc news, trends and our En Bloc Calculator, which helps to determine the probability of a Singapore project being put up for collective sale.
Web Version 3.7.30
Aside from that, EdgeProp also offers a market trend tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heat map that lets you find out where all Singapore’s most popular property sales locations are, a HDB lease tool that lets you calculate your HDB tenure, an affordability calculator, and a property watch list to track your preferred Singapore property by project or location, as well as new launches.
On the lookout for undervalued property or buying to rent? EdgeProp’s powerful search filters let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools and childcare centres, or a good-value condo with a sea view – so that you find exactly what you are looking for.