Two-bedder at Up@Robertson Quay on sale for $1.58 mil
By Timothy Tay
/ EdgeProp Singapore |
The 753 sq ft unit at Up@Robertson Quay will be put for auction on Aug 28. (Picture: Samuel Isaac Chua/The Edge Singapore)
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A two-bedroom unit at Up@Robertson Quay will be on the block for $1.58 million at SRI’s upcoming auction on Aug 28. A mortgagee sale, the price of the 753 sq ft unit translates to $2,098 psf on the floor area.
The unit features a combined living and dining room with an attached kitchenette and a shared bathroom. An uncommon feature of the unit layout is a built-in furniture deck over the kitchenette, which adds a loft area that utilises the 4.2m ceiling height.
The unit’s existing layout has bifold doors separating the shared bedroom from the living and dining areas. The outdoor balcony, which overlooks the swimming pool, connects this bedroom and the adjacent living room. The en suite master bedroom has its own private access.
Up@Robertson Quay is a 70-unit boutique development within the Robertson Quay neighbourhood. The 10-storey condo is centrally located along the Singapore River in prime District 9. The unit mix includes one- to two-bedrooms ranging from 463 sq ft to 1,378 sq ft.
The development is located near lifestyle and entertainment hubs along the Singapore River, including Clarke Quay and Boat Quay. The development also offers easy access to the Civic District, Fort Canning Park, River Valley and the CBD.
Up@Robertson Quay and M Social Singapore are adjacent and located along Robertson Quay. (Picture: Samuel Isaac Chua/The Edge Singapore)
Developed by City Developments (CDL), the 99-year leasehold condo was completed in 2016. Next to it is M Social Singapore, a lifestyle hotel brand owned by Millennium Hotels and Resorts, a subsidiary of CDL’s parent company, Hong Leong Group.
Notable private residential developments near Up@Robertson Quay include River Gate on Robertson Quay, Martin Modern on Martin Place and Riviere on Jiak Kim Street. Several upmarket hotels are nearby, such as Intercontinental Singapore Robertson Quay, The Warehouse Hotel and Grand Copthorne Waterfront Hotel Singapore.
Based on URA caveats, there have been three resale transactions at Up@Robertson Quay this year. In June, a 527 sq ft one-bedroom unit on the ninth floor that fetched about $1.17 million ($2,228 psf) and a 1,119 sq ft two-bedroom unit on the eighth floor that changed hands for $2.24 million ($1,999 psf). In March, a 463 sq ft one-bedroom unit was sold for $1.03 million ($2,215 psf).
A compilation of resale transactions at Up@Robertson Quay over the past 12 months by EdgeProp Singapore shows that the average resale price is approximately $2,147 psf. Prices in the neighbourhood have increased over the years. Across the Singapore River is the new luxury 99-year leasehold 455-unit condo, Riviere. Completed last year, it is fully sold at average transacted price of $2,882 psf, based on caveats lodged.
Meanwhile, most of the neighbouring freehold condos around Up@Robertson Quay have recorded average resale prices of about $2,200 psf. For example, Robertson Blue, a 36-unit development on Robertson Quay, has an average resale price of $2,230 psf, while Robertson 100, a 186-unit development on Robertson Quay, has an average resale price of $2,230 psf.
River Gate, a 545-unit freehold development on Robertson Quay, has seen average transacted price hovering at $2,788 psf. Nearby, the 120-unit freehold The Inspira, located just off Martin Road, has seen units changing hands at an average of $2,563 psf.
With the sale of three government land sites along nearby Zion Road and River Valley Green, transaction activity in surrounding areas like Robertson Quay is expected to increase as the new developments revitalise the district.
Check out the latest listings for Up@robertson Quay properties
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