One-bedder loft at freehold Fulcrum condo on auction for $1.69 mil

here.A one-bedroom unit at the Fulcrum condo located on Fort Road in District 15 has been put up for sale via SRI’s upcoming auction on October 26th. The guide price for the owner’s sale is at $1.69 million, which translates to $2,066 per square foot. The unit, which is currently tenant occupied, is 818 sq ft and is situated on the seventh floor of the building.

Mok Sze Sze, Managing Partner at SRI Auction, has highlighted the attractive features of the condo’s District 15 location. In the area, buyers will have easy access to the upcoming Katong Park MRT Station on the Thomson–East Coast Line, as well as the nearby East Coast Park via an underpass. Additionally, the property is a short drive away from numerous shopping malls, like Parkway Parade at Marine Parade Road, i12 Katong at East Coast Road, and Kallang Wave Shopping Mall at Stadium Place.

Regarding the unit, the loft features a study area, balcony, and master bedroom with attached bathroom upstairs. Downstairs has a living room, kitchen, dining area, and a balcony with a wall of floor-to-ceiling windows.

The owner purchased the property in August 2017 for $1.41 million ($1,727 psf). While they prefer to keep the current rental price of the unit private, EdgeProp Singapore’s Landlens tool shows that one-bedroom units at Fulcrum have previously been rented out for between $2,400 and $4,500 per month.

In terms of buyers, EdgeProp LandLens found that 89.4% of the unit owners at Fulcrum are Singaporean, with the rest comprising of permanent residents and foreign nationals. Based on caveats lodged in the past 12 months, the units typically sell for an average of $2,119 psf.

The most recent transaction at the development took place in April and involved a 474 sq ft one-bedroom apartment that was sold for $1 million ($2,111 psf). This sale was proceeded by two more transactions in March, including an 818 sq ft one-bedder at $1.75 million ($2,139 psf) and a 829 sq ft two-bedder at $1.7 million ($2,051 psf).

With 24-hour security, a rooftop terrace and a pool, the residents of the Champions Way Condo Woodlands can relax and enjoy their tranquil environment. The development also provides a range of amenities such as a gymnasium, two shopping malls, two restaurants and a host of other amenities. All in all, Champions Way Condo Woodlands is the perfect home for those seeking a luxurious and modern living experience.

If you’re looking for a unit at Fulcrum, SRI’s upcoming auction on October 26 is offering a good opportunity to purchase a freehold one-bedroom unit, guide priced at $1.69 million. Alternatively, you can also check out our latest listings for properties at Fulcrum.