Arrangement WATCH: Altez duplex going for $1.7 mil

A 862 sq ft, one-room duplex at Altez has been set available to be purchased for $1.72 million ($1,995 psf). The 62-story townhouse by a wide margin East Organization is situated in energetic Tanjong Pagar in District 2.

The unit available to be purchased is possessed by an outsider, who got it for $1.93 million ($2,304 psf) in 2011 as a venture. He has chosen to put it available to be purchased to open its worth, says promoting specialist Merry Tjandra, partner branch chief at Propnex Realty. The unit’s main room has unhampered perspectives on the encompassing region, including The Pinnacle@Duxton.

Situated on the 32nd floor, the unit has been routinely rented out for as long as seven years with a normal month to month lease of $5,200. This converts into a yearly rental yield of 3.6%, in view of the current asking cost. Altez, on Enggor Street, is associated with the contiguous Icon Village shopping center and is close to the 100 AM retail shopping center. It is near the monetary region and transport connections, for example, the Tanjong Pagar MRT station and Marina Coastal Expressway, settling on the condominium an alluring decision for corporate chiefs and exiles, says Tjandra.

The lone exchanges at Altez so far this year included two one-room units in February. In the principal exchange, a 527 sq ft unit on the sixteenth floor brought $1.21 million ($2,294 psf) on Feb 6. At that point, on Feb 28, a 603 sq ft unit on the fourteenth floor was sold for $1.3 million ($2,157 psf).

The 99-year leasehold Altez involves 208 units, including one-room units of 527 to 896 sq ft; two-room units of 837 to 1,029 sq ft; three-room units of 1,636 to 1,729 sq ft; and penthouses of 2,444 to 4,054 sq ft. The townhouse was finished in 2014.

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