A five-bedroom dual-key penthouse at Icon @ Pasir Panjang will be set up for auction by Knight Frank on June 29. The residential property is a proprietor’s sale and also has an overview cost of $2.68 million ($ 1,500 psf).

Icon @ Pasir Panjang is a freehold mixed-use growth located along Pasir Panjang Road in District 5. Created by Fragrance Realty and finished in 2015, the five-storey development is made up of residential and industrial components.

The five-bedroom penthouse up for public auction actions 1,786 sq ft, making it the largest system in the growth. The penthouse device is being offered with an existing tenancy which will certainly run out in August.

The Reserve Residences Far East Jalan Ank Bukit Is Situated Near One of Singapore’s Most Scenic Nature Reserves

The Reserve Residences Far East Jalan Ank Bukit is situated near one of Singapore’s most scenic nature reserves. It is near the Bukit Timah Nature Park, which is a popular destination for nature lovers and families. This development is a joint venture between the Far East Organization and the Sino Group. Its location and connectivity is unparalleled, and its proximity to natural attractions will encourage residents to be active.

The Reserve Residences Far East Concept Tender, conducted by the Urban Redevelopment Authority (URA), has closed. The project includes both commercial and residential sites, located just six minutes walk from Mountbatten MRT station. The winning concept should integrate public amenities, quality interiors, and pedestrian networks. After the concept tender process, a panel of experts will select the winning bidder. Construction is expected to start around 2022.

The Reserve Residences concept tender has received five submissions from developers. Allgreen Properties, Sino Group, and Far East Organization have each submitted a concept proposal for the project, which is set to be completed by 2026. The winning concept will be selected through a selection process, which will take three months. The winning concept will be given a development site. The Reserve Residences project will be located near the Beauty World estate. A direct pedestrian link will make it easier for residents to get to work and other locations.

There are 18 domestic systems at Icon @ Pasir Panjang, located from the 3rd floor onwards. Residential system dimensions vary from 366 sq ft for a one-bedroom device to 1,786 sq ft for a five-bedroom penthouse. There are an overall of 31 strata shophouse devices on the second and very first floors, with lessees consisting of restaurants, a nail salon and also a massage parlour.

Situated at the topmost flooring with a dual-key format, the unit that is up for auction has two separate entryways. The reduced degree of the penthouse consists of two bed rooms, a research area that opens to the living and also dining locations, cooking area as well as common restroom.

Along with the penthouse, the seller likewise owns a 1,335 sq ft shophouse at the exact same development. The edge device, which lies on the second floor, will additionally be set up for public auction by Knight Frank on June 29 at a guide rate of $5.97 million ($ 4,472 psf). The shophouse is an F&B unit that includes a cooking area, attached toilet as well as stockroom. It is being marketed with vacant ownership, as the lease for the existing lessee, held by the driver of an F45 health club, runs out at the end of June.
The penthouse features an outdoor balcony area, accessible from the top floor

The latest domestic transaction at Icon @ Pasir Panjang was in December 2020, when a 969 sq ft, three-bedroom unit on the fifth floor was sold for $1.2 million ($ 1,239 psf). The apartment was bought for $1.3 million ($ 1,342 psf) in July 2014, meaning the proprietor suffered a loss of around $99,700. Before that, no units had been sold since October 2014.

URA information shows that the penthouse system up for public auction was leased out from last August with a month-to-month lease of $5,100. This implies that thinking the system up for auction remains to be rented out at the exact same rate, it could possibly give a gross rental return of around 2% per year, based on the overview rate.

The dual-key penthouse actions 1,786 sq ft and also comprises two degrees (Credit: Knight Frank).
Symbol @ Pasir Panjang lies adjacent to the Viva Vista mall, as well as is a 10-minute leave Haw Par Villa MRT Station on the Circle Line.

The five-bedroom penthouse up for public auction procedures 1,786 sq ft, making it the biggest system in the development. The penthouse device is being marketed with an existing tenancy which will end in August. There are 18 property systems at Icon @ Pasir Panjang, located from the 3rd flooring onwards. Residential unit dimensions vary from 366 sq feet for a one-bedroom system to 1,786 sq ft for a five-bedroom penthouse. The newest property deal at Icon @ Pasir Panjang was in December 2020, when a 969 sq feet, three-bedroom device on the 5th floor was marketed for $1.2 million ($ 1,239 psf).