Two-bedroom unit at Eon Shenton for sale at $1.98 mil

springing up with 4 new listingsAn owner’s sale of a two-bedroom unit on the 30th storey of Eon Shenton, located in the bustling Downtown Core of District 2, will be put up for auction on Nov 22. With an 883 sq ft built-up, the unit offers an estimated guide price of $1.98 million ($2,242 psf).The condo boasts a high floor and comes with separate balconies connected to the dining room and both bedrooms. It is well located, within close proximity to the Tanjong Pagar MRT Station and the upcoming Prince Edward MRT Station on the Circle Line.Shopping and dining opportunities abound in the surrounding area, with 100AM Mall, Icon Village, Tanjong Pagar Plaza Market and Food Centre all within walking distance.The unit was first bought back in July 2016 for a price of about $1.60 million ($1,818 psf). The current rental rate is unknown, however, based on analysis of URA sales data over the past 12 months, it can be estimated that units at Eon Shenton typically rent between $3.60 psf per month (pm) and $12.60 psf pm, or an average of $7.90 psf pm – offering a rental yield of 4.3%.Re-sales of units at Eon Shenton have occurred in the past 12 months between the range of $1,705 psf and $2,477 psf, or an average of $2,219 psf. Notably, 8 transactions have taken place this year alone, with the latest being a 689 sq ft two-bedder changing hands for about $1.36 million ($1,973 psf).Eon Shenton is a 99-year leasehold condo comprising of residential units, strata offices and shops. It is developed by Roxy-Pacific Holdings’ 70 Shenton, and has been popular among Singaporeans, who make up 78.9% of buyers, and PRs and foreigners making up 13.4% and 7.7% respectively.A two-bedroom unit on the 30th storey of Eon Shenton is being put up for sale via the upcoming auction by SRI on Nov 22, with an estimated guide price of $1.98 million ($2,242 psf).

This 883sq ft two-bedroom unit is situated on a high floor, providing excellent ventilation, and comes with separate balconies connected to both the dining and living room area, as well as both the bedrooms. It is also strategically located in the Downtown Core of District 2, close to the MRT lines – a short walk from the Tanjong Pagar MRT Station and opposite the upcoming Prince Edward MRT Station.

Nearby, Holland Village MRT Station is located within walking distance to the Holland Drive Condo. Residents can conveniently move around the estate as well as access other areas of the island without much difficulty.

The Holland Drive Condo is perfectly situated at the intersection of Holland Village MRT Station and Holland Village. Its central location combined with excellent transport links nearby make it ideal to live and work in. Residents of Holland Drive Condo have access to a wide range of amenities, such as retail stores, supermarkets, restaurants, banks, and many more. With walking or biking distance to the MRT Station, Holland Drive Condo offers its residents convenience within the estate.

Holland Drive Condo is a prime example of a modern, liveable, transport-oriented development, designed to meet the needs of its residents. Residents have access to readily available transport modes, allowing them to explore the city with ease. Furthermore, its central location allows easy access to nearby townships and Central Business Districts. With the URA Master Plan aiming to improve transport access in the area, Holland Drive Condo proves itself as a highly desirable residential choice.

Residents will benefit from the abundance of shopping and dining opportunities nearby, such as Icon Village, 100AM Mall, and the Tanjong Pagar Plaza Market and Food Centre.

The unit was initially bought in July 2016 for $1.60 million ($1,818 psf), and now offers a rental yield of 4.3%. This is higher than similar 99-year leasehold condos in the neighbourhood that were completed in 2017, such as Wallich Residence and V On Shenton, which have rental yields of 3.7% and 4.1% respectively.

Units at Eon Shenton have been resold in the past 12 months for in the range of $1,705 psf and $2,477 psf, or an average of $2,219 psf. This year, 8 transactions have already gone through, with the latest being a 689 sq ft two-bedder that was sold for about $1.36 million ($1,973 psf).

Built by Roxy-Pacific Holdings’ 70 Shenton and containing 132 units, the condo has been well-received by the public, particularly Singaporeans who make up 78.9% of buyers, and PRs and foreigners making up 13.4% and 7.7% respectively.

This two-bedroom unit on the 30th storey of Eon Shenton, located in the Downtown Core of District 2, offers many advantages for potential buyers. Besides its convenient location close to several MRT lines and the wealth of shopping and dining options, it also boasts an attractive rental yield of 4.3%. With an estimated guide price of $1.98 million ($2,242 psf), it would be a wise investment for anyone interested in the property.