Mortgagee sale of two-bedder at Montrosa for $1.3 mil
Delivered as a mortgagee transaction, the real estate had already in the past proceeded beneath the hammer at SRI’s real property public auction past month at a much higher overview rate of $1.38 million. Information on Realis display that the most recent caution lodged for the real property was when the property developer offered it for $677,970 ($716 psf) in September 1996.
Finished in 1999, Montrosa rises around Hillview Avenue in District 23. It consists of 122 units spread out throughout 3 household blocks, providing a blend of 2- to four-bedroom units assessing 861 sq ft to 3,401 sq ft.
Other resale deals at the project extended from $1,197 psf, the moment a 1,195 sq ft unit negotiated for $1.43 million on Jan 27, to $1,438 psf, that originated from the resale of a 861 sq ft unit for $1.24 million on Feb 14.
Based upon URA caveats, 6 units switched controls at Montrosa this year, at a standard resale cost of about $1,237 psf. One of the most current deal was the sale of a 1,152 sq ft, three-bedroom unit on the 2nd level for $1.45 million ($1,259 psf) on Aug 4.
The project is a brief ride from a series of facilities, consisting of The Hillier, Hill V2, The Rail Shopping Center and West Shopping Mall. It is even within 1km of Lianhua Primary School and near to various other institutions like Bukit View Primary School and Keming Primary School.
A two-bedroom-plus-study unit at Montrosa, a 999-year leasehold project, was placed on the neighborhood at SRI’s real property auction on Dec 17. The 947 sq ft unit had a guide rate of $1.3 million, that equates to $1,373 psf.
Eric Liew, executive of public auction and sales at SRI, anticipates the unit to bring in attraction from HDB upgraders wanting to initiate the step right into the exclusive residential target. He includes that the unit was lately remodelled this year as well as remains in move-in situation.
The unit comes with an en suite master bedroom with a tub. It similarly consists of a 2nd room, a regular bathroom, a study, a cooking area, a service backyard and living and restaurant spots that open up onto a veranda. According to Liew, the real property rests on the 8th flooring, enabling the unit to gain from enough all-natural air flow and light, including sights overlooking the apartment’s landscape design.
