Wallich Residence – Unit Sold $3,832 psf

Sales at Wallich Residence at Tanjong Pagar Centre have actually picked up pace in March. Thus far this month, 4 units were sold at the ultra-luxury condo perched on top of the 38-storey Guoco Tower at GuocoLand's $3.2 billion Tanjong Pagar Centre incorporated growth, which is linked underground to the Tanjong Pagar MRT station. It is not just the 614 sq ft, one-bedroom units that discovered purchasers, however the bigger units on the higher floorings as well. As a matter of fact, the greatest psf rate attained up until now this year– $3,832 psf– was for the 1,722 sq feet, three-bedroom unit on the 57th flooring, which brought $6.6 million. In the most up to date purchase, a one-bedroom unit on the 48th flooring was cost $2.26 million ($3,677 psf), according to a caveat lodged on March 16. Rising 290m at its pinnacle, Wallich Residence is Singapore's highest tower. The 181 units, which are a mix of one to four-bedroom kinds in addition to penthouses, extend the 39th to 64th floorings. Prices resemble they are inching their method towards the $4,000 psf limit. That was the cost achieved for a 958 sq ft, two-bedroom unit on the 55th floor; it was sold for $3.83 million last November. It is the highest possible psf rate achieved at Wallich Residence so far and has actually set a new cost criteria for the CBD area.

Nearby, a 958 sq feet, three-bedroom unit on the 70th floor of Skysuites @ Anson was sold for $2.23 million ($2,328 psf). The 360-unit, 99-year leasehold condominium was developed by Allgreen Features and also completed in 2014. At the freshly finished Marina One Residences, which belongs to an incorporated development by M+S, a joint endeavor between Malaysia's Khazanah Nasional as well as Singapore's Temasek Holdings, a 1,518 sq ft, three -bed room unit on the sixth flooring brought $3.55 million ($2,341 psf). Wallich Residence at Tanjong Pagar Centre is not the only high-end advancement where costs are reaching their all-time highs. At Ardmore Park apartment, a 2,885 sq ft, four-bedroom unit on the 17th floor of among the 3 33-storey towers recently changed hands for $10.4 million ($3,605 psf). It last changed hands at the optimal of the residential property boom in August 2007 for $8.2 million ($2,843 psf), according to a caution lodged after that.