Unit at V on Shenton on the market for $2.17 mil

By Charlene Chin / EdgeProp Singapore | August 12, 2021 11:11 AM SGT
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (EDGEPROP) - A two-bedroom unit at V on Shenton, located along Shenton Way in District 1, will be put up for auction for $2.17 million ($1,884 psf) on Aug 25, according to Edmund Tie, which is handling the bank auction. (See also: V on Shenton | A new icon in the heart of Singapore’s financial district)
Spanning 1,152 sq ft, the unit is on the 20th floor of the development. There is an additional room that can be used as a study room or a dining area, says Joy Tan, senior director, head of auction and sales at Edmund Tie.
As it is in a well-kept and move-in-ready condition, investors will not need to spend much on renovations, says Tan. The unit on auction is also a corner unit, offering “privacy, and is also bright and breezy”.
ADVERTISEMENT
The pool at V on Shenton - EDGEPROP SINGAPORE
The pool at V on Shenton (Credit: Edmund Tie)
The unit was first acquired in August 2012 for $1.99 million ($1,729 psf), based on caveats lodged with URA.
“There have been healthy levels of enquiries thus far, although the current Covid-19 situation has dampened market sentiments,” says Tan.
She believes that “both investors and owner occupiers will be keen on this unit as it is situated in a very convenient and accessible location”, adding that “investors could rent the unit out to potential tenants who work in the CBD”.
Facilities at the development include an outback grill, various lounges, pool, outdoor fitness area, swivel day beds and a refreshment bar. The unit can also benefit from future capital appreciation as the upcoming Shenton Way MRT Station on the Thomson-East Coast Line is close to the development, notes Tan.
ADVERTISEMENT
living and dining area - EDGEPROP SINGAPORE
The living and dining area of the 1,152 sq ft unit (Credit: Edmund Tie)
V on Shenton comprises 510 units and was completed in 2017. The development is within walking distance to three train stations in the CBD: The upcoming Shenton Way MRT Station on the Thomson-East Coast Line, Tanjong Pagar MRT Station on the East-West Line and Downtown MRT Station on the Downtown Line. It is also a short drive to Marina Bay Sands, VivoCity shopping mall and Sentosa.
Rentals at a similar-sized unit at V on Shenton this year ranged from $4,100 to $5,400 per month, according to URA data.
The most recent transaction at V on Shenton was on July 22, when a 1,518 sq ft unit on the 40th floor changed hands for $3.36 million ($2,214 psf). On July 1, a 1,206 sq ft unit on the 45th floor transacted at $2.99 million ($2,478 psf), based on URA caveats lodged.
ADVERTISEMENT
Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter
Search Articles
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 4.6.35
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.