Tanjong Pagar has experienced a pick in activity in the last few weeks. At Icon, two units were sold in the week starting August 16. Based on August 17 caveat, a 1 bedroom unit of 570 sq ft on 20th floor fetched $1,732 psf or $988,000. It had changed hands in April 2010 at $1727 psf.
A 1 bedroom loft unit of 700 sq ft fetched $1615 psf or $1.13m. Its last transaction was in July 2012 at $1,787 psf.
Icon has 646 units and was developed by Far East Organisation. It was launched in 2003 with many units selling at $650 psf. The 99-year lease development located in Gopeng Street was completed in 2007. Its commercial units consist of F&B outlets, convenience and retail stores. It is near Amara Hotel, 100AM mall, and Tanjong Pagar MRT.
The Clift, also by Far East Organization recent transaction is a one bedroom that fetched $1,919 psf or $950,000 based on August 16 caveat. 6 years ago, the same unit sold at $1,793 psf.
The 99-year lease project is located on McCallum Street. It has 312 units in its 42-storeys. It was completed in 2011. Its highest sale was in September 2012 when a 2 bedroom loft of 1076 sq ft was sold at $3,085 psf or $3.32m
A little further from Tanjong Pagar is Spottiswoode Suites. The project is a joint development of Lian Beng Group and Centurion Group. The 183 unit condominium was launched in January 2013, a few days before the increase of ABSD, and sold 143 units by end of July. It is scheduled for completion in 2017.
An August 18 caveat shows a recent sale of a 1 bedroom plus -study unit. The 441 sq ft unit is on the 22nd floor and sold at $2,359 psf or $1.04 million. After its launch, the units were selling at $2,222 psf.
Nearby there are complete and fully sold projects among them being Spottiswoode 18, a 251 unit development with a TOP of 2015. Another one is Spottiswoode Residences with 351 units and TOP of 2014.
If you are interested on more District 1 to 8 developments, please read on Clement Canopy at District 5, Queens Peak at District 3, the Orient @ Pasir Panjang and not forgetting the Parc Riviera at District 5.