Residential properties at Martin Place and Robertson Quay
The fully sold Martin Place Residences obtained its TOP last September 2011. Property agents and real estate agents are already milling about this place and selling at a secondary market.
There were two transactions from September 13 to 20 according on the caveats lodged and from downloaded URA Realis as of October 6. One of them was a 592 square foot 1-bedroom unit which changed hands for 1.25 million dollars of 2,111 dollars psf. The seller purchased it for 1.002 million dollars or 1,726 psf last June 2009 when the project was re-launched.
At the neighboring block of this twin tower project, a 1,722 sq ft apartment sold for 3.7 million dollars or 2,150 dollars psf. The seller paid 2.87 million dollars or 1,664 dollars psf when it was purchased last August 2009 recognizing a 29.2% price gain in two years.
The riverfront neighborhood of River Valley-Mohamad Sultan-Robertson Quay became a sought-after residential area because of its short distance to both Orchard Road and CBD according to some property agents. There is also a waterfront lifestyle that people can enjoy a pleasant walk along Singapore River and a numerous retail shops surrounding the area.
Projects such as these will certainly appeal to local and foreign investors especially to those who are from Indonesia and China.