Three-bedder at Fernwood Towers for sale at $2.88 mil
The upcoming sale of a three-bedroom condo unit at Fernwood Towers in District 15, Singapore presents a unique opportunity for potential buyers. The unit, measuring 1,647 sq ft, offers a guide price of $2.88 million, or $1,749 psf. Located on the eleventh floor, the unit offers an ideal living area with partial sea views and a private corner away from the lift lobby that offers privacy.
Fernwood Towers is a freehold development with four blocks and a total of 216 condo units. It includes a variety of amenities such as a swimming pool, children’s pool, squash court and playground, along with a table tennis room, function room and a mini-mart. The development is conveniently located close to the Siglap Centre, Siglap V, and Parkway Parade, all within a ten-minute drive. Additionally, the East Coast Park is seven minutes away via an underpass tunnel and the upcoming Siglap MRT Station is a six-minute walk away.
The untenanted property will be sold vacant, providing the future buyer with the flexibility to occupy or rent out the unit. According to URA data, recent rental transactions for three-bedroom units within the vicinity commands monthly rents between $3,300 and $5,200.
Residents of Tampines Condo are also spoilt for choice in terms of amenities. Shopping and dining establishments are plenty in Tampines, with Tampines Mall, Century Square, Tampines 1, Eastpoint Mall, Tampines West CC, Tampines East CC and Tampines Changkat CC being within the vicinity. Health and educational needs are also well taken care of with Tan Tock Seng Hospital, St Hilda’s Primary and Secondary School, as well as United World College all nearby.
In 2018, owners of Fernwood Towers attempted to put the development up for collective sale with a reserve price of $688 million but were unsuccessful in obtaining a buyer. However, with its freehold status and convenient location in District 15, Lock Sau Lai, Senior Manager of Knight Frank, which is handling the sale, expects keen interest.
The most recent unit to change hands at Fernwood Towers was a three-bedder measuring 1,636 sq ft, sold on June 28 for $2.7 million ($1,650 psf). Prior to that, a 1,195 sq ft unit was sold for $2.02 million ($1,691 psf) on June 6. This upcoming sale presents a rare opportunity for investors and buyers alike.
The property will be put up for auction on Aug 15, with Knight Frank Singapore being the sole marketing agency. Don’t miss out on this once in a lifetime chance!