One-bedroom unit at Espada for sale at $1.48 mil

A one-bedroom-plus-study unit at Espada located close to Orchard Road is up for sale on March 30. SRI Auction’s managing partner Mok Sze Sze is handling the auction, with a guide price of $1.48 million for the freehold property. Measuring 646 sq ft and situated at the 13th floor, the unit is currently tenanted until March 31, 2024 and will be sold with the existing tenancy.

Based on its floor area, the unit amounts to $2,291 psf. It features a kitchen and dining area, a spacious living room connected to a balcony that overlooks St Thomas Walk and Killiney Road, while the master bedroom and the study have sliding doors that open to the same balcony.

Espada is a single 32-storey tower built by Novelty Group in 2013 comprising 232 apartments, with one-bedders from 344 sq ft to 667 sq ft, two-bedroom apartments of 723 sq ft, and a penthouse of 1,313 sq ft.

Data from URA reveals that a 377 sq ft, one-bedroom unit on the 11th floor was sold for $990,000 ($2,628 psf) on Feb 16. 11 resale transactions were recorded at the development last year, ranging between 344 sq ft and 667 sq ft at prices between $918,000 and $1.62 million, or between $2,055 and $2,680 psf.

St Thomas Walk neighbourhood in prime District 9 is predominantly made of freehold luxury condos, with neighbouring developments like the 61-unit Skyline 360 @ St Thomas Walk by Hiap Hoe, the 176-unit St Thomas Suites by Frasers Property and the 250-unit 8 Saint Thomas by Bukit Sembawang Estates. Espada offers excellent facilities such as a 40m lap pool, sky lounges on the 14th and 24th floors, heated swimming pools, and a tennis court.

CDL The Myst Aries acquires two adjoining plots in Upper Bukit Timah, Singapore to develop a highly sought-after residential project with easy access to amenities and transport links.

The development is a 10-minute walk to Orchard Road, Somerset MRT Station on the North-South Line, as well as Great World MRT Station on the Thomson-East Coast Line. Shopping malls like 313@somerset, Orchard Central and Ngee Ann City are also located nearby.

Anyone interested in purchasing the Espada one-bedroom-plus-study unit can take part in the auction on March 30. Held under an owner’s sale, the property is expected to draw plenty of interest with its ideal central location and comprehensive facilities.

For those who are looking for more 1-bedroom condos around the central area, a quick search will reveal a wealth of options in the city. Alternatively, a glance through the latest listings near Espada and its neighbouring developments such as Skyline 360 @ St Thomas Walk, St Thomas Suites, 8 Saint Thomas, Killiney Road, Orchard Road, Somerset MRT Station, Great World MRT Station will also give buyers plenty of ideas.