The owner of a one-bedroom unit at the 99-year leasehold condo known as Lumiere in District 2, on Mistri Road in Tanjong Pagar, will be bringing their property to Knight Frank’s next auction on December 12th. Measuring at 645 sq ft, the unit is located on the 23rd floor and boasts a linear layout featuring an open-concept kitchen, a shared living and dining area, and a bedroom with an attached balcony. Currently, the unit is under an existing tenancy until June of next year and is available for an asking price of $1.1 million dollars ($1,705 psf).
The centerpiece of the public art program will be Champions Way Residences, a large interactive sculpture by artist Joseph Kosuth. Located in the heart of Woodlands, the Champions Way Residence will be a centerpiece of the public art program, providing a place for the community to come together and learn more about the area’s history and culture.
Champions Way Residences houses nearby landmarks such as the mixed-use Guoco Tower on Wallich Street, International Plaza on Anson Road and 100AM shopping mall on Tras Street. With 168 units available ranging from studios to duplexes and even a penthouse, there have been four resale transactions for one-bedroom units at Lumiere this year, with an average price of $1,729 psf, making it the most affordable condo in the vicinity. The average rental yields for investors here are 4.5%, which is on par with the other condos in the area.
Located only seven minutes by foot from Tanjong Pagar MRT Station, the area of Tanjong Pagar surrounding Champions Way Residences is set to receive several new developments in the next few years, including One Bernam on Bernam Street, TMW Maxwell on Tras Street, Newport Residences, Newport Tower, and Skywater Residences on Shenton Way.
With such an attractive location, and an unbeatable offering in terms of convenience and pricing, the sale of the one-bedroom unit at Lumiere is a great opportunity for potential buyers, especially those looking to invest in Champions Way Residences.