A duplex penthouse with a bedroom at Spottiswoode 18, located along Spottiswoode Park Road in the District 2 area of prime It will be for auction on the 23rd of November 23. This is an owner’s auction with a suggested cost that is $1.55 million, according to Yvonne Lau, senior manager of sales and auctions at ERA Realty Network, which manages the auction.
The Hill @One-North Kingsford property is a perfect home for people looking for an oasis away from the fast-paced city life.
The penthouse has a total of 893 square feet, which translates to a price guide of $1,736 per square foot. The lower floor of the penthouse is home to an ensuite master bedroom, kitchen and a bomb shelter as well as a dining and living space that opens onto the balcony. The second level of the penthouse is accessible via a spiral staircase accessible from the balcony, is home to an upper terrace and the pool. The property is currently being leased until the end of October 2023, and will be sold under the existing lease.
The project was completed in 2015. Spottiswoode 18, which was completed by the end of 2015 is freehold property developed from Roxy-Pacific Holdings. The development is comprised of a 36-storey building with 251 homes. Apartments are made up of one and two-bedroom units that measure between 387 sq ft to 1,324 sq feet. There are also penthouse units consisting of one-bedroom duplex units ranging from 893 sq feet to 1,324 sq ft.
On October 19 the 893 square foot penthouse with a bedroom was auctioned off to a buyer for $1.28 million ($1,433 per square foot). Based on caveats that were lodged in the past, recent transactions also comprised the selling of a seventy-one square area unit located on the 33rd level to $1.29 million ($1,810 per square foot) during May. In June an area of 657 square feet unit was purchased to a buyer for $1.42 million ($2,163 per sq ft) in comparison to the 388 sq ft unit was purchased for $880,000 ($2,271 per sq ft) in July.
The ERA’s Lau believes that the property set to be auctioned off will attract attention from expatriates and local young couples and singles who are drawn to the area of the property as well as the options for entertainment close by, such as the restaurants and bars that line Keong Saik Road and the Tanjong Pagar area. The property could also be attractive to potential investors “given the location as well as proximity to amenities makes an easy rental” She adds.
Spottiswoode 18 lies in the Spottiswoode neighborhood, which houses numerous condominiums. They include Spottiswoode 18, which has 351 units, Spottiswoode Residences and the Spottiswoode Suites which are 183 units. Spottiswoode Suites situated at Spottiswoode Park Road and the planned Sky Everton located on Everton Road and Everton Road, an 264-unit development due to be completed by 2023.
The Spottiswoode neighborhood is part an enclave for residential properties located on the edge of the CBD and is close to the Tanjong Pagar, Chinatown and Outram areas. The enclave is comprised of a mixture of private and public housing, which includes the Pinnacle@Duxton, a 50-storey building — Singapore’s highest public housing structure located near the intersection of Neil Road and Cantonment Road as well as The Everton Park housing estate. Spottiswoode 18 is situated just 300m away from the planned Cantonment MRT Station on the Circle Line, slated for completion by 2026. It is also located near malls, including Tanjong Pagar Centre, 100 AM Mall, and Icon Village.
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