One-bedroom unit at Wallich Residence for sale at $2.36 mil

on EdgeProp.sgA one-bedroom unit at Wallich Residence, an upmarket residential component of the integrated Guoco Tower at Wallich Street at Tanjong Pagar, will be put up for private treaty sale this month. Located on the 46th floor, the 646 sq ft unit is priced from $2.36 million and translates to $3,650 psf.

Situated atop Tanjong Pagar MRT Station on the East-West Line, Guoco Tower comprises 38 floors of Grade-A offices, while Wallich Residence spans the 39th to 64th floors. The 290m skyscraper is the tallest in Singapore and also includes a 20-storey block with the 223-room Sofitel Singapore City Centre luxury hotel, a 100,000 sq ft retail space and a 150,000 sq ft The Myst urban park. Developed by Skidmore Owings & Merrill (SOM) and completed in 2017, it has been a prominent landmark in Tanjong Pagar ever since.

Upon its December 2013 preview, units at Wallich Residence were being sold at an average of $3,064 psf – a record for 99-year leasehold condominiums in the CBD. Prices have been steadily increasing since then and the highest psf achieved is a 3,509 sq ft unit which went for $4,987 psf.

The last transaction at the Residence was the sale of a 1,259 sq ft, two-bedroom unit on the 60th floor in December 2022 for $5.25 million ($4,169 psf). A one-bedroom unit at Wallich Residence measuring 646 sq ft on the 49th floor was sold by the developer on Dec 29, 2021 for $2.1 million ($3,252 psf).

With high rental yields of approximately 3.2%, many landlords at Wallich Residence are enjoying lucrative returns. The indicative rental range of 12-month period from January 2022 to January this year is between $7.40 and $12.40 psf per month (pm), with an average rent of $9 psf pm.

To find out more about other residential properties located in the vicinity of Wallich Residence at Guoco Tower, Tanjong Pagar MRT Station, do check out the latest listings on EdgeProp.sg. On Feb 22, the 646 sq ft unit for sale will be up for private treaty sale.