Two-bedroom loft unit at Icon for sale at $2.1 million
A 2-bedroom loft-style unit at Icon on Gopeng Street is marketed by appointed brokerage company Knight Frank for the auction on Aug 15. This high ceiling unit is up for sale at $2.1 million, translating to $1,970 psf on the floor area. The unit shall be sold with an existing tenancy expiring in December. The compass directional facing is south and the unit has a lower level with a double volume of the living and dining area. The unit has proper 2 bedrooms, including master bedroom with attached bath on the higher level, kitchenette, household shelter, bathrooms for own use. A 40-storey and 46-storey apartment block with 646 units, Icon at Tanjong Pagar is the first inner-city development in CBD when it was launched in 2003. The development has both residential and commercial units that include grocer CS Fresh, and wide range of eateries and fast-food takeaway outlets for the hustling working adults.
Icon at Tanjong Pagar which has a 99-years’ lease, was completed in 2007 and is well-connected to two MRT substation in the CBD: Tanjong Pagar on the East-West Line and the upcoming Prince Edward Station on the Circle Line, scheduled for completion in 2K26. Recently new launches condominium have helped to driven up the price for residential properties surrounding. TMW Maxwell on Maxwell Road is the latest new launch in the CBD which indicative price starts from $3,188 psf. One Bernam, which is currently about 54% sold, was launched in May 2K21, has units averaging $2,528 psf, with some top-floor units selling for up to $3,340 psf.
Under the supply pipeline new launches to launch include Newport Residences, Marina View Residences at Marina View by IOI. A total of 14 resale transactions concluded in Icon Tanjong Pagar, as per caveat lodged, price ranging from $1.04 million ($1,819 psf) for a 570 sq ft unit that was sold on Feb 9 to $1.9 million ($1,535 psf) for a 1,238 sq ft unit that was sold on April 14.