Loft apartment at The Crest up for auction at $2.65 mil

This is the third time the unit has actually been raised for auction sale. The 1st was actually in January with a demanding cost of $2.8 million ($ 2,115 psf). It was one more time installed for sale in March with a price of $2.65 million ($ 2,002 psf). Having said that, neither public auction brought in any type of buyers.

Finalized in 2017, The Crest is a 99-year leasehold apartment development featuring 469 units spread throughout 3 23-storey towers and 4 low-rise, five-storey blocks. Residents appreciate many features, consisting of a clubhouse, sky health club, barbeque pits, fitness location, pool, yard, jacuzzi, running trail, tennis court, and round-the-clock protection.

Tembusu Grand City Developments Ltd & MCL Land

According to Tricia Tan, Knight Frank Singapore’s supervisor of auction and sales, the model supplies unblocked scenery of the environments and delights in lots of all-natural light through its floor-to-ceiling windows in the major living space and near floor-to-ceiling windows in its rooms.

The apartment is a six-minute stroll to Redhill MRT Terminal on the East-West Line. It is even inside walking proximity of the Alexandra Linear Park Connection and Redhill Market at Redhill Lane. The Crescent Girls’ School at Tanglin Roadway is within just 500m of the building.

The eighth-floor unit boasts a loft concept and has a living and dining area with a porch, a cooking area, one en suite master bedroom, and 2 rooms. Based upon the caveats lodged, this is the 3rd time that the property has been offered. It was first offered in 2018 for $2.43 million ($ 1,832 psf).

She includes: “The property is suitable for investors and home owners, specifically for families with kids, that can gain from the good outdoor open location inside of the development.”

A three-bedroom loft flat at The Crest, near Prince Charles Crescent in Bukit Merah, in top District 3, will most likely be set up for public auction on April 23. A banking company’s sale, the 1,324 sq ft property has been put on the block with a revised guide rate of $2.65 million ($ 2,002 psf), states Knight Frank Singapore, which is taking care of the public auction.

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