Two-bedroom loft unit at Icon for sale at $2.1 million

A 2-bedroom high ceiling unit at Icon on Gopeng Street is marketed exclusively by brokerage company Knight Frank via auction on Aug 15. This double volume loft style unit 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 which has a running lease which ends  in December has South directional facing orientation. The duplex is split into 2 level with the lower level that comes with a living and dining area, kitchenette, household shelter on the lower level and master bedroom with attached bathroom on level two.  Icon at Tanjong Pagar is the first mixed-used development in CBD when first launched in 2003 which comprises of a 40-storey residential block with 646 units. The mixed-use development 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 was completed in 2007 has a lease tenure of 99 years. which has a 99-years’ lease and is connected smoothly to two railway subway station 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. resale condominium price in the surrounding near Icon have recently inched upward due to new launch effect since the absolute quantum is higher and making it difficult to secure higher loan. TMW Maxwell on Maxwell Road is the latest new launch in the CBD which indicative price starts from $3,188 psf. One Bernam, which was launched in May 2K21, with outstanding stock of 46%,  has units averaging $2,528 psf, with some top-floor units selling for up to $3,340 psf. 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.

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