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A freehold duplex penthouse in Viva Vista, situated along South Buona Vista Road in District 5, is in the marketplace for $970,000 ($1,234 psf) via private treaty, based on Edmund Tie, that will be managing the sale of their property.
Spanning 786 sq feet, the penthouse unit is located about the fifth floor of this evolution and contains a bedroom and a research area. The master bedroom is on the top level of this unit also opens to a little balcony, states Joy Tan, head of sales and auction at Edmund Tie.
Tan considers the unit will probably be appealing to owner-occupiers and investors because of the strategic location. The development is near Haw Par Villa MRT Station on the Circle Line. It’s also close to business hubs like Fusionopolis and Mapletree Business City and instructional institutions such as National University of Singapore, United World College of South East Asia and also Anglo-Chinese School.
Thus far, attention from the general public on the device was”encouraging because of its quantum worth”, in a cost under $1 million to get a freehold land in District 5, says Tan.
She estimates that average one-bedroom units from the evolution may bring leases ranging from $1,800 to $2,000 a month, according to current caveats lodged with URA. But she’s confident that the device in the marketplace can secure a greater rent since it’s a duplex penthouse.
Viva Vista includes 144 units across five storeys. Meanwhile, another comparable sized unit in the next floor offered for $625,000 ($1,613 psf) on July 30, 2019.