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A three-bedroom unit in the Grand Duchess in St Patrick’s, situated on Saint Patrick’s Road at District 15, is available for $2.5 million, or $1,799 psf around the ground area.
The device on the next floor features a enclosed kitchen in addition to adjoining dining and living locations. The master bedroom features an en suite bath, and there’s also a frequent bathroom. The device also comprises a lawn and a helper’s space.
Based on Noelle Tan, director of auctions and earnings at Knight Frank Singapore, the renter has decided to not renew his rental once it expires.
Tan claims that the unit has drawn”very healthy enquiry levels” within the previous 3 months. The device is excellent for buyers who wish to get it for their stay, and who intend to enrol their kids into the local colleges, ” she adds.
The evolution will also be found together with the forthcoming Marine Terrace MRT Station on the Thomson-East Coast Line, which is prepared by 2023.
“This really is really a good-sized, freehold development with amenities and also the condominium enjoys great connectivity to other areas of Singapore. Other amenities such as stores, practices, a wet market and hawker centers are also within walking distance in the evolution,” notes Tan.
Grand Duchess in St Patrick’s is a 121-unit freehold condo which has been finished in 2010. It’s but one of a couple of private residential properties in Singapore that feature conservation properties inside the website. It sports two Victorian-style bungalows which were constructed in 1914 and 1925 respectively.
The elderly bungalow is currently the condo’s clubhouse, while another bungalow has been converted into a set of 6,958 sq feet, five-bedroom units. In 2010, the condo was granted URA’s Architectural Heritage Award to its conservation and recovery work.
The growth also has 2 – to four-bedroom units ranging from 1,044 sq feet to 3,907 sq ft.
In accordance with leasing data accumulated by EdgeProp Singapore, the average lease fee in the growth is $3.10 psf per month, according to 197 rental trades recorded there because 2012. The latest rental of a three-bedroom unit in the growth was for $3,800 a month ($2.80 psf per month).
An investigation on EdgeProp Singapore’s proprietary house study tools additionally proves that the annual average cost at Grand Duchess in St Patrick’s has increased by 22.9% within time.
After the device is marketed, it is going to be the first time it’s changed hands because it had been purchased from the developer for $1 million ($720 psf) in December 2006, once the project was started. On Jan 17 final year, a 1,356 sq feet, three-bedroom unit in the growth was offered for about $ 2.22 million ($1,637 psf).