Prices start from $968,000 for one-bedroom unit at 99-year leasehold project
[SINGAPORE] Sales for Allgreen Properties' 72-storey SkySuites@Anson project in Tanjong Pagar will begin tomorrow, with prices starting from $968,000.
Located at Enggor Street and within walking distance of Tanjong Pagar MRT station, the 99-year leasehold development will have 360 one to three-bedroom units that range from 365 square feet (sq ft) to 1,140 sq ft. The development is expected to be completed in 2015.
Eugene Lim, associate director of residential services at Knight Frank Singapore, said that the $968,000 price tag for a one-bedroom apartment at SkySuites@Anson compares with asking prices of $1.3-1.8 million for new one-room homes in Tanjong Pagar and an average of between $1.2 million and $1.3 million for a similar resale unit in the area.
"My view is that for this project, you will have a lot of investors who are affected by the ABSD (additional buyer's stamp duty) and TDSR (total debt servicing ratio) framework."
In per square foot (psf) terms, average rates for a one bedroom unit start from $2,650 psf. Those for a two-bedder start from $2,200 psf and the three-room units, which are all on high floors, start from $2,500 psf.
Mr Lim expects that buyers can see a yield of up to 4 per cent. There will be no discounts or rebates as the units are priced attractively from the onset, he added.
The residences at the project come with fully concealable designer kitchens as well as carpark lots for all units. SkySuites@Anson also has private club facilities including a 360-degree sky deck on the 72nd floor.
Tan Tee Khoon, executive director of residential services at Knight Frank Singapore, said that SkySuites@Anson is representative of the transformation in the heart of the Central Business District (CBD).
"The area's traditional corporate profile is taking on a new after-office hours vibrancy as many more residents move into the district where they live, work and play," he said.
The showflat for SkySuites@Anson is along Peck Seah Street and opens tomorrow.