Two-bedroom loft unit at Icon for sale at $2.1 million
A 2-bedroom unit with high ceiling at Icon on Gopeng Street is marketed by appointed brokerage company Knight Frank for the auction on Aug 15. This loft style unit with double volume is marketed by way of auction for sale at $2.1 million, translating to $1,970 psf on the floor area, on coming august 15. The unit has a running lease which ends in December. The directional compass facing is south orientation. The unit is split into 2 level with the lower level with a living and dining area on the lower level and master ensuite on level two. The unit has 2 proper bedrooms, including master bedroom with attached bath on the upper level, kitchenette, household shelter, bathrooms for own use. Icon at Tanjong Pagar is the first inner-city development in CBD when it was launched in 2003 which comprises of a 40-storey and 46-storey apartment block with 646 units. The mixed-use development also, other from residential units, also have commercial podium that include supermarket CS Fresh, and huge selection of eateries and fast-food takeaway outlets for the daily hustlers in the financial district offices. Icon at Tanjong Pagar which has a 99-years’ lease, achieved completion in 2007 and is seamlessly connected to two railway 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. The prices of the resale condominium surrounding Icon have recently driven up with the effect of new launches prices in the precinct. TMW Maxwell on Maxwell Road is the latest new launch in the CBD which indicative price starts from $3,188 psf. One Bernam, with balance sales of 46%, has units averaging $2,528 psf, with some top-floor units selling for up to $3,340 psf, launched in May 2K21. The incoming pipeline supply of new launches in the CBD 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, with transacted price 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.