A rare opportunity arises as a two-bedroom-plus-study unit at Bartley Residences is set for mortgagee sale with a guide price of $1.9 million, translating to $1,713 per square foot. This property, which spans 1,109 square feet, is situated within a 99-year leasehold development located along Lorong How Sun in District 19. Bartley Residences is notable for comprising a total of 702 units, providing a diverse living environment that appeals to various demographics.
The unit itself boasts an ensuite master bedroom, a second bedroom, and a study area that has the potential to be converted into a third bedroom or a helper’s room, offering versatility for potential homeowners. Additionally, the expansive balcony provides unblocked views, enhancing the overall appeal of the living space. Such features make it an attractive option for both families and individuals looking for a comfortable yet functional residence.
The auction for this unit, conducted by Knight Frank, is scheduled to take place on June 26. This marks the second attempt to sell the property, as it was previously withdrawn from auction due to a lack of interest. The initial withdrawal raises questions about market demand and the specific conditions surrounding this unit, but it also presents a second chance for potential buyers to consider an investment in Bartley Residences.
Interestingly, despite the previous auction’s outcome, the market for Bartley Residences has shown signs of activity. Reports indicate that 19 units have sold this year, with an average price of $1,817 per square foot. This suggests that there is still a level of interest in the development, and the current auction may attract buyers seeking to capitalize on the unit’s features and competitive pricing.
The competitive landscape of the property market in District 19 is another factor that may influence the outcome of this mortgagee sale. The area’s reputation for its residential offerings, combined with the amenities and conveniences nearby, may entice potential buyers who are keen on making a long-term investment. The proximity of Bartley Residences to various transportation options and local amenities further enhances its desirability.
As the auction date approaches, anticipation builds around the potential outcomes. Investors and homebuyers alike will be keen to see how the unit performs in comparison to its previous listing. With the current guide price set at $1.9 million, the market will be watching closely to gauge interest levels and the dynamics of bidding that may unfold during the auction process.
NEW CONDO: GEMS VILLE
GEMS VILLE is an exciting new condominium development offering a range of unit types to accommodate various family sizes and lifestyles.
With a focus on sustainability, the project features modern facilities including a swimming pool and gym.
Potential buyers can explore the GEMS VILLE floor plan and discover competitive pricing options that make homeownership achievable in this prime location.
For more information, including the GEMS VILLE project details and E-brochure, visit the website.
View GEMS VILLE Today & Get VVIP Discount. Register or call 6200 6220 to view actual units today.
News Source: Edgeprop
Images are not actual photos. For illustration purpose only.