One Bedroom Unit Wallich Residence Sale 18 Mil

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A one-bedroom unit with a size of 646 sq ft is up for sale at Wallich Residence, located in District 2’s Tanjong Pagar. The unit, situated on the 46th floor, is being offered for sale at an auction by Edmund Tie on Aug 28, with a guide price of $1.8 million. This translates to $2,786 psf.The unit comprises a combined living, dining, and kitchen area, as well as a master bedroom and an en suite bathroom. It boasts breathtaking views of the sea near Tanjong Pagar and Sentosa. According to Joy Tan, head of auction and sales at Edmund Tie, this will be the first time the property is being put up for sale through an auction. The property also offers a stunning sea view of Tanjong Pagar and Sentosa. (Credit: Edmund Tie)Based on URA caveats, the current owners purchased the unit from the developers for $1.94 million ($3,009 psf) in December 2013, shortly after its launch.Read also: Three-bedder at Botanic Gardens Mansion sold for $2.39 mil profitAdvertisementSo far this year, only one unit has changed hands at Wallich Residence. On July 23, a similar 646 sq ft, one-bedroom unit on the 51st floor was sold for $1.8 million ($2,786 psf).Last year, there were six transactions at the project, with an average price of $3,136 psf. The deals ranged from $5.19 million ($2,955 psf) for a 1,755 sq ft, three-bedroom unit on the 42nd floor to $3.3 million ($3,600 psf) for a 915 sq ft, two-bedroom unit on the 53rd floor.Here are the latest transactions at Wallich Residence, tabulated by EP Buddy. (Source: URA, EdgeProp Singapore)Tan notes that the unit being auctioned currently has a tenancy agreement that ends in September 2025. This provides the future owner with the opportunity to start earning rental income immediately.The property currently generates $6,800 in monthly rent, reflecting a rental yield of 4.5% based on the guide price of $1.8 million. Based on existing URA rental caveats collected by EdgeProp Singapore’s research tools, the average monthly rent at Wallich Residence over the past 12 months is approximately $10.50 psf. This rate implies a rental yield of 4.1% for landlords over the same period.The unit boasts a combined living, dining, and kitchen area, a master bedroom, and an en suite bathroom. (Credit: Edmund Tie)Completed in 2017, Wallich Residence is the luxury residential component of the Guoco Tower integrated development in Tanjong Pagar. It comprises 181 units, including one- to two-bedroom apartments ranging from 614 sq ft to 1,259 sq ft, and three- to four-bedroom units from 1,098 sq ft to 1,991 sq ft. There are also five penthouses, ranging from 3,509 sq ft to 21,108 sq ft.Guoco Tower comprises 38 levels of Grade-A office space and 100,000 sq ft of retail and dining options. The Wallich Residence occupies the 39th to 46th floors of this 64-storey skyscraper, directly above Tanjong Pagar MRT Station on the East-West Line.Read also: Mortgagee sale of penthouse at Maple Woods for $6.2 milAdvertisementAdvertisement Check out the latest listings of Wallich Residence properties here.

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