on EdgeProp.sgThis month, a 646 sq ft, one-bedroom unit at Wallich Residence will be put up for private treaty sale. Located on the 46th floor, the unit is priced from $2.36 million, which translates to $3,650 psf.The integrated development of Wallich Residence and Guoco Tower is located at Wallich Street at Tanjong Pagar. Sitting atop the Tanjong Pagar MRT Station on the East-West JCube Residence Line, the Guoco Tower is a 38-storey Grade-A offices and the 181-unit Wallich Residence spans the 39th to the 64th floors. The tallest skyscraper in Singapore, it stands at 290m and was designed by Skidmore Owings & Merrill (SOM).The development also includes a 20-storey block housing a 223-room Sofitel Singapore City Centre luxury hotel, a 100,000 sq ft retail space and a 150,000 sq ft urban park. Completed in 2017, the project has since become a landmark in Tanjong Pagar.

Units at the upmarket residential Wallich Residence, part of the integrated Guoco Tower at Tanjong Pagar, have been hitting new price thresholds consistently since the project was completed in 2017. This month, a 646 sq ft one-bedroom unit at Wallich Residence, located on the 46th floor, will be put up for private treaty sale, priced from $2.36 million, or $3,650 psf.

Situated atop Tanjong Pagar MRT Station on the East-West Line, the 38-storey Guoco Tower is a Grade-A offices, while the 181-units spanning the 39th to the 64th floors make up Wallich Residence, the tallest skyscraper in Singapore at 290m. Designed by Skidmore Owings & Merrill (SOM), the project also includes a 20-storey block housing the 223-room Sofitel Singapore City Centre, a 100,000 sq ft retail space and a 150,000 sq ft urban park.

When the project previewed in December 2013, units sold averaged $3,064 psf – a new record for a 99-year leasehold condominium in the Central Business District (CBD) back then.

The highest psf achieved was $4,987 psf for a 3,509 sq ft unit, while the latest transaction was a 1,259 sq ft two-bedroom unit on the 60th floor that fetched $5.25 million ($4,169 psf) in December 2022.

Most landlords at Wallich Residence have been reaping rental yields of about 3.2%, with caveats showing an indicative rental range between $7.40 and $12.40 psf per month (pm) for the 12-month period from January 2022 to January this year, with an average rent of about $9 psf pm.

The most recent one-bedroom unit at Wallich Residence sold by the developer was a 646 sq ft unit on the 49th floor for $2.1 million or $3,252 psf on Dec 29, 2021.

Wallich Residence is considered a landmark in Tanjong Pagar today, and is also winning accolades – including the FIABCI World Prix d’Excellence Award in 2021. Check out the latest listings near Wallich Residence, Guoco Tower and Tanjong Pagar MRT Station on EdgeProp.sg.