If you’re shopping the real estate market for some value opportunities, here are some auction listings as well as alternatives you can consider.
1. The Shore Residences
Located at The Shore Residences, this 2-bedder is on the sixteenth floor and boasts an unblocked view of the Tanjong Katong Conservation Area. Currently, within the condo itself, this unit is listed at the cheapest price psf.
• 2-bedroom condo
• District 15
• Leasehold 103 years
• 893 sq ft
• Guide price: S$1.53M (S$1,713.33 psf)
• Sale type: Bank sale
Amenities. Amenities are aplenty, with FairPrice Finest at Katong Village a mere 3-minute walk away. If you want more retail and entertainment options, you can take a 7-minute walk to Cold Storage and Giant supermarket at Parkway Parade.
For an urban getaway, head to East Coast Park by taking a leisurely 20-minute walk or a short 5-minute drive. There, you can enjoy the cool sea breeze while dining at the many cafes.
Schools. There are three schools located nearby, with Tanjong Katong Primary School being a short 4-minute walk away. This is ideal for parents looking to be within a 1km radius of a primary school.
• Tanjong Katong Primary School (291m)
• Tanjong Katong Girls’ School (707m)
• Tanjong Katong Secondary School (791m)
Connectivity. The Marine Parade MRT station is scheduled to be completed in 2024 and connects to the Thomson East-Coast Line. Collyer Quay and Orchard Road are a 13 and 20-minute drive away respectively.
Alternatives
Some great alternative options with a similar size in the same district to consider.
Everitt Edge
• 2-bedroom condo
• Freehold
• 840 sq ft
• S$1.15M (S$1,369.05 psf)
Parc Elegance
• Condo penthouse
• Freehold
• 1,152 sq ft
• S$1,288,888 (S$1,118.83 psf)
2. Marina Bay Residences
Situated in the premium district of District 1 at 18 Marina Boulevard, this 2-storey penthouse is on the 52nd floor, featuring an unobstructed, breathtaking view of the sea and Gardens by the Bay. It comes with an open terrace and a jacuzzi.
• 4-bedroom duplex penthouse
• District 1
• Leasehold 99 years (wef. 11/10/2005)
• 4,434.7 sq ft
• Guide price: S$12.6M (S$2,841.23 psf)
• Sale type: Bank sale
Amenities. Marina Bay Link Mall is a minute’s walk away, with a plethora of retail and dining options right at your doorstep. Visit Jasons Deli at Marina Bay Link Mall for a grocery run, or head to the two Cold Storages situated slightly further away at Marina One (10-minute walk) or The Shoppes (14-minute walk).
Connectivity. There are 5 MRT stations within a 1km radius, with both the Downtown MRT and Marina Bay MRT stations a quick 5-minute walk away. Raffles Place and Orchard Road are a mere 4 and 1-minute drive away respectively.
Alternatives
The Sail @ Marina Bay
• 4-bedroom condo
• 99-year leasehold
• 2,099 sq ft
• S$4.98M (S$2,372.56 psf)
Marina Bay Suites
• TOP 2013
• 99-year leasehold
• 221 units
3. Vibes @ East Coast
Nestled in the heart of Katong, this cosy 1 bedder apartment is located in East Coast and gives you access to a swimming pool, gym and BBQ pits.
• 1-bedroom + study penthouse
• District 15
• Freehold
• 667 sq ft
• Guide price: S$860,000 (S$1,289.36 psf)
• Sale type: Bank sale
Amenities. There are 28 commercial units are a stone’s throw away, situated on the ground floor. Tenants include a convenience store, clinic, pet grooming salon, fitness studio and gelato cafe. Should you desire more retail and dining options, Parkway Parade is a short 6-minute bus ride away.
For more amenities, Giant Express at Marine Terrace 56 is a 10-minute stroll away, or you can head to the newly revamped i12 Katong to shop at the Cold Storage (13-minute walk).
Schools. There are 5 schools located within a 1km vicinity, with Tanjong Katong Primary School being a short 4-minute walk away. This is ideal for parents looking to be within a 1km radius of a primary school.
• CHIJ (Katong) Primary School (340m)
• Tao Nan School (467m)
• St. Patrick’s School (659m)
• Ngee Ann Primary School (776m)
• Victoria Junior College (970m)
Connectivity. Vibes @ East Coast isn’t as well connected compared to the other properties listed, with the Kembangan MRT and Eunos MRT being a 20 to 25-minute walk away. However, it’s still a short 6-minute bus ride to get to the MRT stations. If you want to head into town for a change of scenery, Orchard Road is a 17-minute drive away.
Alternatives
Eis Residences
• Studio condo
• Freehold
• 506 sq ft
• S$700,000 (S$1,383.4 psf)
Naturalis
• 1-bedroom apartment
• Freehold
• 636 sq ft
• S$888,000 (S$1,396.23 psf)
Auctions may seem like a good way to snap up properties at a discount, but make sure to compare auction listings with other similar listings within the property market to ensure you’re getting a good deal.
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If you found this article helpful, check out 7 things you must know about a property auction and 6-step guide to buying a property on mortgagee sale.
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