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

A three-bedroom loft space apartment at The Crest, near Prince Charles Crescent in Bukit Merah, in prime District 3, are going to be put up for public auction on April 23. A banking company’s sale, the 1,324 sq ft property has been put on the neighborhood with a revised guide rate of $2.65 million ($ 2,002 psf), states Knight Frank Singapore, which is managing the auction.

She includes: “The residential property is perfect for buyers and property owners, particularly for households with children, who can take advantage of the reasonable outside open space inside of the property.”

The eighth-floor model shows off a loft design and has a living and dining place with a terrace, a cooking area, one en suite master bedroom, and two bed rooms. Based on the caveats lodged, this is the third time that the residential property has been put up for sale. It was initially sold in 2018 for $2.43 million ($ 1,832 psf).

Arina East Residences condo floor plan

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

According to Tricia Tan, Knight Frank Singapore’s director of market and sales, the model provides unobstructed viewpoints of the environments and appreciates plenty of all-natural light via its floor-to-ceiling home windows in the major living space and around floor-to-ceiling windows in its rooms.

This is the third instance the unit has actually been set up for public auction. The very first was actually in January with a demanding price of $2.8 million ($ 2,115 psf). It was one more time installed for sale in March with a deal of $2.65 million ($ 2,002 psf). However, neither auction sale drew in any type of customers.

Finalized in 2017, The Crest is a 99-year leasehold condo property development featuring 469 units spread out throughout 3 23-storey towers and 4 low-rise, five-storey blocks. Home owners enjoy many facilities, consisting of a club, sky gym, barbeque pits, fitness spot, swimming pools, backyard, jacuzzi, jogging path, tennis court, and continuous security.

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