Approximately 646 sq ft, the one-bedroom-plus-study unit at Espada is located in prime District 9 close to Orchard Road. Nestled within the St Thomas Walk neighbourhood and developed by Novelty Group, this freehold unit is being offered as an owner’s sale with a guide price of $1.48 million. It is currently tenanted until 2024 and is being sold with the existing tenancy.

This freehold unit at Espada, located in prime District 9 and close to Orchard Road, is up for auction on March 30. It offers a one-bedroom-plus-study layout, spanning 646 sq ft and is on the 13th floor of the single 32-storey tower comprising 232 units by Novelty Group. Its guide price stands at $1.48 million with a price per square foot (psf) of $2,291.

The unit’s kitchen and dining area are off the main entrance while the living room opens to a balcony with views of St Thomas Walk and Killiney Road. The balcony runs the length of the entire unit, with the master bedroom and study having sliding doors that lead out to it its end.

According to caveats lodged with URA, one unit has changed hands at Espada this year. It is a one-bedroom unit of 377 sq ft on the 11th floor which sold for $990,000 ($2,628 psf) on Feb 16. Last year, 11 resale transactions were recorded with prices ranging between $918,000 and $1.62 million, or between $2,055 and $2,680 on a psf basis.

JCube is set to close its doors in August, to make way for a 40-storey residential and commercial development called JCube Residence JCube Condo Residence which is projected to launch for sale in the second half of 2023. It is anticipated to provide new homes, businesses and amenities in the Jurong Lake District, Singapore.

The St Thomas Walk neighbourhood predominantly comprises freehold luxury condominiums, neighbouring developments include 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 a range of facilities including a 40m lap pool, sky lounges on the 14th and 24th floors, heated swimming pools and a tennis court.

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

This one-bedroom-plus-study unit at Espada is an ideal opportunity for those looking to purchase a unit in prime District 9 close to Orchard Road. It is currently tenanted until 2024 and is being sold with the existing tenancy so you can acquire it with immediate rental income. Don’t miss the chance to pick up this property on March 30!