Two-bedroom unit at Eon Shenton for sale at $1.98 mil

snapped out of pandemic bluesA two-bedroom unit on the 30th storey of Eon Shenton will be put up for sale via SRI’s upcoming auction on Nov 22, with a guide price of $1.98 million ($2,242 psf). The new listing is an owner’s sale, says auctioneer SRI.Eon Shenton is situated on Shenton Way in the bustling Downtown Core area (District 2), this 99-year leasehold condo boasts a high floor, providing residents excellent ventilation and a convenient location close to MRT lines. The Tanjong Pagar MRT Station is a short walk from the condo, and it sits right across from the upcoming Prince Edward MRT Station on the Circle Line, set to finish in 2025.

The 883 sq ft two-bedroom unit includes an en suite master bedroom, a dining and living room, a kitchen, and an additional bedroom. Separate balconies are connected to the dining and living room area and both bedrooms, while the kitchen area features modern fittings and fixtures.

With so many amenities close by, it’s easy to see why Senja Close EC is a popular choice for many home buyers. Homeowners and investors alike get access to all these amenities, taking away the hassle of having to travel far just to get the essential items. Furthermore, the development is also conveniently located close to major expressways such as BKE, KJE, and SLE. This allows residents to have access to the rest areas of Singapore in no time.

The unit is leased until April and based on URA sales data in the last 12 months, units at Eon Shenton typically rent between $3.60 psf per month (pm) and $12.60 psf pm, or an average of $7.90 psf pm. This translates to a rental yield of 4.3% – higher than surrounding 99-year leasehold condos, completed in 2017 such as Wallich Residence on Wallich Street and V On Shenton on Shenton Way, with a rental yield of 3.7% and 4.1%, respectively.

The owner purchased the property in July 2016 for about $1.60 million ($1,818 psf). The owner declined to disclose the current rental rate. The condo has seen eight transactions this year, with the latest in September when a 689 sq ft two-bedder changed hands for about $1.36 million ($1,973 psf).

Future residents of Eon Shenton can enjoy close proximity to plenty of shopping and amenities, including the Icon Village, 100AM Mall, and the Tanjong Pagar Plaza Market and Food Centre. EdgeProp Singapore’s LandLens tool also shows that the buyer profile of Eon Shenton units is mostly Singaporeans, who make up 78.9% of the buyers, while 13.4% are PRs and 7.7% are foreigners.

Located at the heart of the Downtown Core area, Eon Shenton is set to be a popular choice of residency, with an owner’s sale on the 30th storey of the 99-year leasehold condo lined up in SRI’s upcoming auction on November 22. The two-bedroom unit has a guide price of $1.98 million ($2,242 psf) and boasts excellent ventilation, modern kitchen fittings, and separate balconies attached to the dining and living area, and bedrooms.

Residents will enjoy the convenience of a short walk to Tanjong Pagar MRT Station, and the upcoming Prince Edward MRT Station on the Circle Line, set to finish in 2025. Shopping amenities such as the Icon Village, 100AM Mall, and the Tanjong Pagar Plaza Market and Food Centre are also close by. With a rental yield of 4.3%, Eon Shenton is a prime choice for investors and potential residents alike.