One-bedroom unit at Wallich Residence for sale at $2.36 mil

on EdgeProp.sgThis month, a private treaty sale at Wallich Residence in District 2 will be held. The 646 sq ft, one-bedroom unit is priced from S$2.36 million, or S$3,650 psf. Located on the 46th floor of Guoco Tower, the unit features an open layout with a kitchen and dining area, living room, and an en suite bedroom.

This spectacular residential component of the integrated Guoco Tower at Wallich Street in Tanjong Pagar sits atop Tanjong Pagar MRT Station on the East-West Line and offers 181 units spanning the 39th to 64th floors. Standing at 290m tall, it is Singapore’s tallest skyscraper and designed by Skidmore Owings & Merrill (SOM).

The ambitious project was completed in 2017 and includes a 20-storey block housing a 223-room Sofitel Singapore City Centre luxury hotel, a 100,000 sq ft retail space, and a 150,000 sq ft urban park.

When Wallich Residence previewed in December 2013, prices averaged $3,064 psf; this was a new record for a 99-year leasehold condo in the CBD back then. Since then, the development has consistently hit new price thresholds; the most recent one-bedroom unit fetched $4,987 psf in a sale of a 3,509 sq ft unit on the 60th floor.

The unit for this sale is priced at $3,650 psf and is on the 46th floor. It comprises an open-plan kitchen and Senja Close EC dining area, a living room and an ensuite bedroom.

Rental yields for Wallich Residence are attractive too, with average rents for the 12-month period from January 2022 to January this year coming in at around $9 psf pm, and landlords reaping rental yields of approximately 3.2%.

A private treaty sale of the 646 sq ft, one-bedroom unit located on the 46th floor of Guoco Tower will be held this month. A landmark in Tanjong Pagar, Wallich Residence has consistently hit new price thresholds. This unit, priced from $2.36 million, or $3,650 psf, features an open layout containing a kitchen and dining area, a living room and an en suite bedroom.

Rentals here are equally attractive, with the average rent coming in at around $9 psf pm, and landlords reaping rental yields of approximately 3.2%.

Located atop Tanjong Pagar MRT Station on the East-West Line and designed by Skidmore Owings & Merrill (SOM), Wallich Residence will no doubt be a much sought after unit when it goes up for sale.