Set to go under the hammer later this month is a beautiful residential property in Singapore’s elite Robertson Quay district. Part of a mortgagee sale, SRI will be selling a two-bedroom flat at Up@ Robertson Quay for $1.58 million on 28 August. Priced at $2,098 per square foot, the 753 square foot (70 square metre) apartment reflects the excellent location and conveniences of this upscale complex.
The home under question has several appealing qualities, including a distinctive loft space that makes use of the 4.2 m ceiling height and a combined living and dining area including an attached kitchenette. While the en suite master bedroom provides exclusive access, a balcony overlooking the swimming pool links one of the bedrooms to the living room. These qualities make the flat a desirable target for prospective tenants searching for a chic and useful living environment right in the middle of Singapore.
Designed by City Developments (CDL), Up@Robertson Quay is a boutique property finished in 2016. Offering a combination of one- and two-bedroom flats ranging from 463 to 1,378 sq ft, the 10-story, 70-unit condominium meets different living preferences. Its ideal position in District 9, beside the Singapore River, gives residents quick access to the Civic District, Fort Canning Park, and the CBD as well as to well-known entertainment venues including Clarke Quay and Boat Quay.
Recent market patterns indicate great demand for homes in this neighbourhood. Over the past year, transactions at Up@Robertson Quay point to an average resale price of $2,147 per square foot. Nearby projects have shown either comparable or even better pricing; the new luxury property Riviere averages $2,882 psf. Other nearby homes such Robertson Blue, River Gate, and The Inspira have shown average selling values ranging from $2,230 to $2,788 per square foot, therefore highlighting the appeal of the neighbourhood.
The Robertson Quay neighbourhood looks to have bright future prospects. Government land sites sold recently along Zion Road and River Valley Green are expected to generate more nearby transaction activity. New developments are anticipated to help the district remain constantly vibrant as they start to take shape, therefore improving property values and drawing additional attention to this already sought-after area.
