A three-bedroom unit located at Gambier Court, a boutique condominium on Kim Yam Road in the prime District 9 of River Valley, will be listed for sale through an auction by Knight Frank Singapore on December 12. The unit is expected to fetch a price of $2.6 million. With a floor area of 1,485 sq ft, this translates to $1,755 psf.The current owner of the unit purchased it for $1.8 million ($1,212 psf) in October 2018, according to caveats lodged. This owner’s sale marks the second time the unit will be put up for auction. On November 26, it was previously listed with a higher guide price of $2.64 million ($1,778 psf) but did not attract any offers.
Tricia Tan, the director of auction and sales at Knight Frank, shared that the owner has decided to sell the unit in order to move closer to their children’s school. The property will be sold with vacant possession. The unit is situated on the eighth floor and boasts three bedrooms and a study area. While initially a four-bedroom apartment, a previous owner converted it into a three-bedder, offering the future owner a more spacious layout that would be suitable for both local and expat families with children.
The balcony of the unit faces northeast, providing unobstructed views of the sea and Singapore River (Photo: Knight Frank Singapore). Gambier Court, a 99-year leasehold condo completed in 1999, consists of just 21 units divided into 18 apartments within a 10-storey block and three strata-landed units set in conserved shophouses. The apartments come in a variety of sizes, ranging from two to four bedrooms and measuring between 936 sq ft to 2,530 sq ft. The three strata-landed units are two-storey properties with an attic, with sizes ranging from 2,562 sq ft to 2,885 sq ft.
Conveniently situated within walking distance of Fort Canning MRT Station on the Downtown Line, Gambier Court also offers residents close proximity to a diverse range of dining and shopping options such as the new lifestyle hub, New Bahru at Kim Yam Road (formerly Nan Chiau High School), Robertson Quay, UE Square, and Clarke Quay. Realis caveats reveal that the most recent transaction at the condo involved a 1,485 sq ft four-bedder unit on the seventh floor, which was sold for $2.5 million ($1,683 psf) in December 2022. The seller had initially purchased the unit for $1.9 million ($1,279 psf) in August 2016, resulting in a net profit of $600,000. Take a look at the latest listings for properties at Gambier Court.
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Investing in a condo in Singapore has become an increasingly popular option for both local and foreign investors, thanks to the country’s strong economy, stable political climate, and exceptional quality of life. With a thriving real estate market, Singapore offers a multitude of opportunities for investors, and condos are a standout choice due to their convenience, amenities, and potential for high returns. This article will delve into the advantages, key considerations, and essential steps to take when investing in a condo in Singapore, with a focus on Singapore Projects.