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A pair of two-bedders at Seahill priced below $1.3 mil each
A pair of two-bedders at Seahill priced below $1.3 mil each

SINGAPORE (EDGEPROP) – A pair of two-bedroom units at Seahill, off West Coast Road in Clementi, is on the market for prices under $1.3 million. The two units were originally scheduled to be put up for auction that was cancelled due to the “circuit breaker” measures, and are now being marketed under private treaty, says Edmund Tie, which is handling the sale of both.

The first unit, of 861 sq ft, is being offered for a guide price of $1.29 million ($1,498 psf). The two-bedroom-plus-study corner unit is on the 13th floor of the development’s SOHO block. This unit was first purchased in September 2012 for $1.33 million ($1,541 psf).

The second unit, of 786 sq ft, is on the eighth floor of the same block and is also a two-bedroom-plus-study corner apartment. It has a guide price of $1.09 million ($1,387 psf). It was originally bought in June 2012 for $1.14 million ($1,455 psf).

Based on rental transactions in 2020, similarly sized units would be able to fetch an average of $3,150 a month.

Both units boast unblocked views of the sea and West Coast Park, says Joy Tan, head of auction and sales at Edmund Tie.

“The condo has a wide range of facilities, with several swimming pools scattered around the development. There are a swimming pool, gym and a tennis court on the 24th floor, which offers a sweeping view of the sea and the West Coast area,” she adds.

The development is well-situated, Tan says, as it is right across West Coast Park and has easy access to West Coast Highway, which links directly to the CBD. It is a four-minute drive to Clementi MRT Station on the East-West Line. It is also within a short distance to West Coast market and West Coast Plaza, which offers a range of amenities.

EDGEPROP SINGAPORE - View from the 861 sq ft unit at Seahill (Credit: Edmund Tie)
View from the 861 sq ft unit at Seahill (Credit: Edmund Tie)

So far, the units have registered healthy interest from young couples, young families, the elderly and singles. Tan is confident that the units would appeal to both owner-occupiers and investors. The former, she says, would be drawn to the proximity to the park, amenities, and the accessibility to the West Coast Highway, while investors would be attracted to the potentially large tenant catchment due to the project’s proximity to the National University of Singapore and Science Park.

Completed in 2016, Seahill comprises 338 units which include condo units, SOHO concept units and townhouses. Oasia Residence, which offers serviced apartments, is also located within the development.

Meanwhile, property auctions still have not resumed after the circuit breaker ended on June 1. In Phase One of Singapore’s reopening, property agents are to avoid activities with face-to-face contact, such as physical viewings, door-to-door solicitation, or marketing activities in public spaces and related events, an advisory by Singapore’s Council for Estate Agencies (CEA) highlights.

The Singapore government has said that the decision to move to Phase Two of the reopening may be made in mid-June.

Original Article: https://www.edgeprop.sg/property-news/pair-two-bedders-seahill-priced-below-13-mil-each

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