Mortgagee sale of two-bedder at Montrosa for $1.3 mil
Based upon URA caveats, 6 units altered controls at Montrosa this year, at a common 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 unit includes an en suite master bedroom with a tub. It additionally consists of a 2nd room, a basic bathroom, a study, a cooking area, a service lawn and living and restaurant locations that open up onto a veranda. According to Liew, the residence remains on the 8th flooring, permitting the unit to gain from sufficient all-natural air flow and light, including sights overlooking the apartment’s landscape design.
The property development is a brief ride from a series of services, 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.
Eric Liew, executive of public auction and sales at SRI, assumes 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 just lately restored this year as well as remains in move-in situation.
Other resale deals at the property development differed 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.
Presented as a mortgagee transaction, the house had already formerly gotten 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 present that the most recent caution lodged for the real property was when the property developer marketed it for $677,970 ($716 psf) in September 1996.
A two-bedroom-plus-study unit at Montrosa, a 999-year leasehold property development, was placed on the neighborhood at SRI’s real property auction on Dec 17. The 947 sq ft unit had a guide rate of $1.3 million, that converts to $1,373 psf.
Finalized in 1999, Montrosa lies around Hillview Avenue in District 23. It makes up 122 units spread out throughout 3 property blocks, providing a blend of 2- to four-bedroom units assessing 861 sq ft to 3,401 sq ft.
