A one-bedroom apartment located at Wallich Residence in District 2 will go up for sale via private treaty in the month of April. A private sale by the owner, the 646 square feet unit is priced at $2.36 millions, and that is equivalent to $3,650 per square foot.
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The property available is located situated on at the top of the building on the 46th. It is open in layout that includes a kitchen as well as a dining space, as well as a living room as well as an en-suite bedroom.
Wallich Residence is the upmarket residential section of the Guoco Tower at Wallich Street in Tanjong Pagar. It is situated on the top of Tanjong Pagar MRT Station on the East-West Line. Guoco Tower comprises 38 floors of Grade-A office space. Guoco Tower is home to 181 units. Wallich Residence spans the 39th to 64th floors of the building. At the height of 290 meters, Guoco Tower is considered the tallest building in Singapore.
The development is comprised of an 20-storey building that houses The 223 room Sofitel Singapore City Centre luxury hotel, 100,000 sq in retail space as well as a 150,000 sq ft urban park. It was designed in collaboration with Skidmore Owings & Merrill (SOM) the construction was finished in the year 2017 and is an iconic famous landmark of Tanjong Pagar today.
Prices of units that were sold in December 2013 at the time that Wallich Residence previewed averaged $3,064 per square foot. This was believed to be a record-breaking records for a 99 year leasehold apartment in the CBD at the time.
Since the project was completed it has been crossing prices that are new. The highest amount achieved was $4,987 per square foot for 3,509 square feet
The latest deal on the market at Wallich Residence was the sale of a 1,259-square-foot two-bedroom apartment located on the 60th floor. The price was $5.25 million ($4,169 per square foot) in accordance with the caveat that was filed on December 20, 2022. The latest one-bedroom unit at Wallich Residence sold by the developer was 646 square feet on the 49th floor . It sold at $2.1 million ($3,252 per square foot) on December 29, 2021.
Apartments in Wallich Residence have also been fetching the highest rent rates. The caveats compiled through EdgeProp Singapore show that the estimated rental range will be in the range of $7.40 and $12.40 for a month (pm) for the 12 month time period beginning in January 2022 and ending in January of this year. the average rent ranging around $9 per hour. The majority of landlords of Wallich Residence reap rental yields of around 3.2%.