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A three-bedroom penthouse on the fifth storey of Rosewood Suites at District 25 will be set up for auction from Edmund Tie on Nov 18. The 2,045 sq ft penthouse will likely be provided with a manual price of $1.33 million ($650 psf) at a mortgagee sale.
On the first floor, the device features a spacious dining and living room with double-volume ceiling elevation. There’s also an enclosed kitchen, bedroom with en suite bath, another bedroom and typical bathroom. The spacious master bedroom on the top floor with an en suite bath results in a terrace.
Produced by EL Development, the 99-year leasehold advancement on Rosewood Drive includes 200 1 -, two-, three- and – four-bedroom units. Since the land attained TOP at 2011, it’s”well-kept and at move-in condition”, based on Joy Tan, head of auction in Edmund Tie. She adds that the cost is appealing as recent trades in the evolution this season are between $761 and $940 psf.
Recent trades this year of 2 – to three-bedroom units in the 478-unit Casablanca, additionally on Rosewood Drive, are between $699 and $789 psf.
Casablanca was designed by Far East Organization and finished in 2006.
Parc Rosewood, that is on precisely the exact same road and contains 689 units, has witnessed recent trades of 2 – to midsize units (581 to 1,701 sq feet in size) vary between $659 and $1,078 psf. Parc Rosewood was designed by Kensington Land and finished in 2014.
Meanwhile, trades for two- to four-bedroom units at a different job in the area, 437-unit Rosewood, are between $650 and $757 psf for the year thus far. The property, finished in 2003, was created by Centrepoint Homes.
Rosewood Suites is a three-minute driveway to Woodlands MRT Station and Causeway Point.
Edmund Tie’s Tan states that the device will entice families with school-going kids as it is close to Innova Main School, Innova Junior College, Singapore American School, Singapore Sports School, Si Ling Primary School, Woodgrove Primary School and Fu Chun Primary School.
At precisely the exact same time, investors might also be eager to target tenants who are employed in Woodlands, like in Admiralty Medical Centre, Khoo Teck Puat Hospital along with the forthcoming Woodlands Health Campus, slated to start progressively from 2023. “In the long run, the land will even attract Malaysian tenants that are operating in Singapore since it’s near the Johor-Singapore Causeway,” says Tan.