Mortgagee sale of two-bedder at Montrosa for $1.3 mil
Presented as a mortgagee transaction, the estate had actually formerly headed 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 up to date caution lodged for the real estate was when the property developer marketed it for $677,970 ($716 psf) in September 1996.
Based upon URA caveats, 6 units altered controls at Montrosa this year, at a standard resale rate of approximately $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.
Other resale deals at the project 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.
Eric Liew, supervisor of public auction and sales at SRI, assumes the unit to draw in attention from HDB upgraders aiming to initiate the step right into the exclusive residential target. He includes that the unit was just lately refurbished this year as well as remains in move-in situation.
A two-bedroom-plus-study unit at Montrosa, a 999-year leasehold project, was placed on the neighborhood at SRI’s real estate auction on Dec 17. The 947 sq ft unit had a guide cost of $1.3 million, that converts to $1,373 psf.
Finished 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.
The property development is a brief ride from a series of features, consisting of The Hillier, Hill V2, The Rail Shopping Center and West Shopping Mall. It is even within 1km of Lianhua Primary School and near various other institutions like Bukit View Primary School and Keming Primary School.
The unit comes with an en suite master bedroom with a bath tub. It additionally consists of a 2nd room, a regular bathroom, a study, a kitchen area, a service lawn and living and eating spots that open up onto a veranda. According to Liew, the residence rests on the 8th flooring, enabling the unit to take advantage of sufficient all-natural air flow and light, alongside sights overlooking the condominium’s landscape design.
