One Bedroom Unit Wallich Residence Sale 18 Mil

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for sale on EdgeProp Singapore.Wallich Residence, a luxurious residential component of the Guoco Tower integrated development in District 2’s Tanjong Pagar, will soon feature a 646 sq ft, one-bedroom unit for auction at Edmund Tie. The 46th-floor unit, being offered for sale by the owner, has an asking price of $1.8 million or $2,786 psf.This unit boasts an open-concept layout that combines the living, dining, and kitchen area while also featuring a master bedroom with an en suite bathroom. From the 46th floor, one can enjoy stunning views of the sea, Tanjong Pagar, and Sentosa. According to Joy Tan, head of auction and sales at Edmund Tie, this auction marks the first time the unit isbeing offered for sale.The apartment also boasts spectacular sea views of Tanjong Pagar and Sentosa. (Credit: Edmund Tie)The previous owners of the unit acquired it from the developers for $1.94 million ($3,009 psf) in December 2013, soon after the project’s launch. Recent URA caveats reveal that only one unit at Wallich Residence has been transacted so far this year. It was a one-bedroom, 646 sq ft unit on the 51st floor, which sold for $1.8 million ($2,786 psf) on July 23 of this year.In 2020, there were six deals at the development, with an average price of $3,136 psf. Prices ranged from $5.19 million ($2,955 psf) for a 1,755 sq ft, three-bedroom unit on the 42nd floor to $3.3 million ($3,600 psf) for a 915 sq ft, two-bedroom unit on the 53rd floor.Wallich Residence’s latest transactions in the last 12 months are shown in the table, curated by EdgeProp’s EP Buddy. (Source: URA, EdgeProp Singapore)Tan explains that the unit up for auction is currently tenanted until September 2025. This means that the new owner can start generating rental income right away. The property currently commands a monthly rent of $6,800, which translates to a rental yield of 4.5% based on the guide price of $1.8 million. Based on URA rental caveats compiled by EdgeProp Singapore’s research tools, the average monthly rent at Wallich Residence over the last year settled at approximately $10.50 psf. This suggests a rental yield of 4.1% for landlords during the same period.The unit features a large living, dining, and kitchen area, as well as a master bedroom with an en suite bathroom. (Credit: Edmund Tie)Completed in 2017, Wallich Residence is a high-end residential component of the Guoco Tower integrated development in Tanjong Pagar. It comprises 181 units, including one- to two-bedroom apartments ranging from 614 sq ft to 1,259 sq ft and three- to four-bedroom units from 1,098 sq ft to 1,991 sq ft. The residence also boasts five penthouses that range in size from 3,509 sq ft to 21,108 sq ft.Guoco Tower boasts 38 floors of Grade-A office space and 100,000 sq ft of retail and dining options. Wallich Residence spans floors 39 to 46 of this impressive 64-storey skyscraper, situated directly above Tanjong Pagar MRT Station on the East-West Line.Read also: Penthouse at Maple Woods for $6.2 million in foreclosure saleAdvertisement For the latest Wallich Residence properties for sale, be sure to check out the listings on EdgeProp Singapore.