Mortgagee sale of two-bedder at Montrosa for $1.3 mil
A two-bedroom-plus-study unit at Montrosa, a 999-year leasehold property development, was placed on the neighborhood at SRI’s real estate auction on Dec 17. The 947 sq ft unit had a guide cost of $1.3 million, that equates to $1,373 psf.
Based upon URA caveats, 6 units shifted controls at Montrosa this year, at a standard resale rate of about $1,237 psf. One of the most current deal was the sale of a 1,152 sq ft, three-bedroom unit on the 2nd level for $1.45 million ($1,259 psf) on Aug 4.
The property development is a brief ride from a series of facilities, consisting of The Hillier, Hill V2, The Rail Shopping Mall and West Shopping Mall. It is even within 1km of Lianhua Primary School and near to various other colleges like Bukit View Primary School and Keming Primary School.
Presented as a mortgagee deal, the estate had already formerly headed beneath the hammer at SRI’s real property public auction past month at a much higher overview cost of $1.38 million. Information on Realis reveal that the most up to date caution lodged for the real property was when the property developer marketed it for $677,970 ($716 psf) in September 1996.
Rivelle Tampines EC condo price
The unit includes an en suite master bedroom with a bath tub. It similarly consists of a 2nd bed room, a regular bathroom, a study, a cooking area, a service lawn and living and restaurant locations that open up onto a terrace. According to Liew, the residence rests on the 8th flooring, enabling the unit to gain from enough all-natural air flow and light, including sights overlooking the apartment’s landscape design.
Finished in 1999, Montrosa stands around Hillview Avenue in District 23. It makes up 122 units reached around 3 household blocks, providing a blend of 2- to four-bedroom units marking 861 sq ft to 3,401 sq ft.
Other resale purchases at the project stretched from $1,197 psf, the moment a 1,195 sq ft unit negotiated for $1.43 million on Jan 27, to $1,438 psf, that originated from the resale of a 861 sq ft unit for $1.24 million on Feb 14.
Eric Liew, supervisor of public auction and sales at SRI, anticipates the unit to bring in attention from HDB upgraders wanting to initiate the step right into the exclusive residential target. He includes that the unit was lately refurbished this year as well as remains in move-in situation.
