Mortgagee sale of two-bedder at Montrosa for $1.3 mil
Delivered as a mortgagee deal, the house had actually formerly gotten beneath the hammer at SRI’s real property public auction past month at a much higher overview cost of $1.38 million. Information on Realis reveal that the most recent warning lodged for the real property was when the property developer marketed it for $677,970 ($716 psf) in September 1996.
Based upon URA caveats, 6 units shifted controls at Montrosa this year, at a standard resale cost of approximately $1,237 psf. One of the most current deal was the sale of a 1,152 sq ft, three-bedroom unit on the 2nd level for $1.45 million ($1,259 psf) on Aug 4.
Other resale purchases at the project differed from $1,197 psf, the moment a 1,195 sq ft unit negotiated for $1.43 million on Jan 27, to $1,438 psf, that originated from the resale of a 861 sq ft unit for $1.24 million on Feb 14.
Eric Liew, supervisor of public auction and sales at SRI, assumes the unit to draw in attraction from HDB upgraders wanting to initiate the step right into the exclusive residential target. He includes that the unit was just lately refurbished this year as well as remains in move-in situation.
Finalized in 1999, Montrosa rises around Hillview Avenue in District 23. It consists of 122 units stretched throughout 3 property blocks, providing a blend of 2- to four-bedroom units assessing 861 sq ft to 3,401 sq ft.
The unit presents an en suite master bedroom with a tub. It similarly consists of a 2nd bed room, a regular bathroom, a study, a kitchen area, a service lawn and living and restaurant spots that open up onto a terrace. According to Liew, the residence remains on the 8th flooring, enabling the unit to take advantage of enough all-natural air flow and light, and also sights overlooking the apartment’s landscape design.
A two-bedroom-plus-study unit at Montrosa, a 999-year leasehold project, was placed on the neighborhood at SRI’s real estate auction on Dec 17. The 947 sq ft unit had a guide rate of $1.3 million, that equates to $1,373 psf.
The property development is a brief ride from a variety of services, consisting of The Hillier, Hill V2, The Rail Shopping Center and West Shopping Center. It is even within 1km of Lianhua Primary School and near to various other institutions like Bukit View Primary School and Keming Primary School.
