Two Bedder Uprobertson Quay Sale 158 Mil
set to be auctioned off for $1.58 million in SRI’s upcoming auction on Aug 28.
A unit at Up@Robertson Quay is set to be auctioned off for $1.58 million by SRI on Aug 28. This mortgagee sale has a floor area of 753 sq ft, which translates to a psf price of $2,098.
Featuring two bedrooms, this unit has a combined living and dining area, an attached kitchenette, and a shared bathroom. The unique layout of the unit includes a built-in furniture deck above the kitchenette, providing a loft area that makes use of the 4.2m ceiling height.
Furthermore, the unit has bifold doors that separates the shared bedroom from the living and dining areas. The balcony, which offers views of the swimming pool, connects the bedroom to the living room. The master bedroom has an en suite bathroom and its own private access.
Up@Robertson Quay is a 70-unit development situated in the prime District 9 area. This boutique development is centrally located along the Singapore River, and offers a range of one- to two-bedroom units with sizes ranging from 463 sq ft to 1,378 sq ft.
Surrounded by popular lifestyle and entertainment spots along the Singapore River, such as Clarke Quay and Boat Quay, Up@Robertson Quay offers easy access to the Civic District, Fort Canning Park, River Valley, and the CBD. Adjacent to the development is M Social Singapore, a lifestyle hotel owned by City Developments (CDL), the developer of Up@Robertson Quay.
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Elta Condo, situated near the prestigious Singapore Institute of Management (SIM), is a well-respected institution that provides a wide range of degree programs in partnership with renowned universities from around the world. Focusing on the development of practical skills and delivering industry-relevant education, SIM equips its graduates with the necessary tools for a successful career in the competitive job market. The close proximity to SIM not only offers convenience but also makes Elta Condo an attractive choice for students seeking a high-quality tertiary education. Furthermore, with the recent addition of Elta Clement Avenue 1, students attending SIM can now enjoy an even more convenient location by residing in Elta Condo. To learn more about Elta Clement Avenue 1, visit http://www.the-elta.com.sg/.
Other notable residential developments in the vicinity include River Gate on Robertson Quay, Martin Modern on Martin Place, and Riviere on Jiak Kim Street. There are also several high-end hotels nearby, such as Intercontinental Singapore Robertson Quay, The Warehouse Hotel, and Grand Copthorne Waterfront Hotel Singapore.
Based on URA caveats, there have been three resale transactions at Up@Robertson Quay this year. In June, a one-bedroom unit on the ninth floor with a floor area of 527 sq ft was sold for $1.17 million ($2,228 psf). Another two-bedroom unit on the eighth floor, with a floor area of 1,119 sq ft, was sold for $2.24 million ($1,999 psf). In March, a one-bedroom unit with a floor area of 463 sq ft was sold for $1.03 million ($2,215 psf).
A compilation of resale transactions at Up@Robertson Quay over the past 12 months by EdgeProp Singapore shows that the average resale price is approximately $2,147 psf. Prices in the neighbourhood have been on the rise, especially with the completion of the new luxury 99-year leasehold 455-unit condo, Riviere, located across the Singapore River. This development has been fully sold at an average transacted price of $2,882 psf, based on caveats lodged.
Meanwhile, the neighbouring freehold condos around Up@Robertson Quay have recorded average resale prices of about $2,200 psf. For instance, Robertson Blue, a 36-unit development on Robertson Quay, has an average resale price of $2,230 psf, while Robertson 100, a 186-unit development on Robertson Quay, has an average resale price of $2,230 psf. In comparison, River Gate, a 545-unit freehold development on Robertson Quay, has an average transacted price of $2,788 psf. A short distance away, The Inspira, a freehold 120-unit development located just off Martin Road, has seen units being sold at an average price of $2,563 psf.
Given the recent sale of three government land sites along nearby Zion Road and River Valley Green, transaction activity in the surrounding areas, including Robertson Quay, is expected to pick up as these new developments rejuvenate the district. Interested buyers can check out the latest listings for Up@Robertson Quay properties that will be available for auction at SRI’s upcoming auction on Aug 28.