A two-bedder in V on Shenton was offered for $2.1 mil
A two-bedroom apartment located at V in Shenton located along Shenton Way in District 1 is currently being considered for an auction at the bank by Edmund Tie at a suggested price that is $2.1 million ($1,991 per sq. ft.) in the event of confirmation by the bank.
Edmund Tie says that until further instructions received from the Ministry of Trade and Industry and Council for Estate Agencies the auctions will continue as scheduled on the 23rd of June.
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The area is 1,055 square feet, it is located located on the 9th floor in the building. It is located to the north and east, it’s bright and airy and offers an unobstructed view of the ocean and lush greenery, according to Joy Tan, head of auctions and selling at Edmund Tie.
Buyers who are searching for additional space could convert the study into the third bedroom Tan says. Tan says that the living area is large which gives homeowners plenty of space for their everyday living.
The unit was bought in February 2015 for $1.98 million ($1,877 per sq. ft.) in accordance with the caveats filed with URA.
“Being in the heart of the CBD area, the development is well-connected to other parts of the city via public transport and main roads,” Tan says. Tan. It’s also linked to the soon-to-open Shenton Way MRT Station on the Thomson-East Coast Line, and is located close to Tanjong Pagar and Downtown MRT Stations.
The community also has “full condo facilities”, like the sun deck and pool, a private lounge with swivel day beds outback grills along with an exercise space Tan says. Tan. They are situated in “levels 8, 24, 34 and 35, providing residents ample space for leisure activities” Tan says.
Similar-sized units located at V on Shenton have seen rentals of between $4500 and $5,800 in the past, based on rental agreements that have been filed with URA.
The property has been receiving “a good level of enquiries” Tan says. Tan. Tan believes that the property is a good choice for investors as well as younger buyers wanting to be near their work places.
“With work-from-home arrangements becoming the new norm, this would allow buyers or tenants to convert the unit into a Small Office Home Office (Soho) to be nearer to their workplaces, in the comfort of their homes,” she says.
The most recent deal in the V on Shenton building V on Shenton was on April 30 the day that 105 sq ft of space located on 20th Floor was sold for $1.9 million ($1,801 per square foot). Prior to that an 689 sq ft unit located on the 31st floor was sold for $1.33 million ($1,931 per square foot) on the 19th of April.
