View Full Version : The Clift (D1, 99 years, Far East Org)
Lastest resale unit above 20flr sold at $2431psf.
Clift really champion compared to surrounding peers.
The concierge service there has been excellent too!
Kudos to Far East and co..
The concierge service there has been excellent too!
Kudos to Far East and co..
They in hotel biz too, so experience gaogao
Latest land sale at Cecil street will block units at Clift facing bank of Bangkok. :beats-me-man:
Latest land sale at Cecil street will block units at Clift facing bank of Bangkok. :beats-me-man:
That would b stack 11 & 12?
No it will be odd stack units..
I notice alot of 1 bedder start to post asking price above $2600psf in the property guru... Wonder any takers :D
Alexandra echelon is calling above $2k for good stack (1 & 2 br). Clift being a much better location with higher price should not b a surprise. Nearby tanjong pagar new launch could easily cross $2.7k.
Mkt going crazy, don't know can last how long?
Alexandra echelon is calling above $2k for good stack (1 & 2 br). Clift being a much better location with higher price should not b a surprise. Nearby tanjong pagar new launch could easily cross $2.7k.
Mkt going crazy, don't know can last how long?
Well many experts here in this forum do not think there is a bubble.
Despite the CMs, for a no of condos, if you check on their resale transactions in 2011 and compare to end 2012, you will see a jump of 10-20% in prices, much higher than the ave official figures by URA.
Its anyone guess when the euphoria will end, with every new launch higher than the earlier one and with every resale pegging to the jump in prices.
Unit at The Clift on the market for $1.6 mil
EdgeProp Singapore
January 12, 2022
https://i.imgur.com/lvrC35w.png
SINGAPORE (EDGEPROP) - A one-bedroom loft unit at The Clift, located along McCallum Street in District 1, will be put up for bank auction for $1.6 million ($2,036 psf) on Jan 19, according to Edmund Tie, which is handling the auction.
The 99-year leasehold property spans 786 sq ft on the 32nd floor of the development, and is in a “well-kept, move-in condition and the new owner will not need to spend much on renovations, especially if it is for rental purposes,” says Joy Tan, senior director, head of auction and sales at Edmund Tie.
The duplex unit boasts double volume ceiling height in the living room, with the master bedroom located on the upper level. “With the double volume ceiling, the owner will be able to feel a good sense of spaciousness, and choose to build a furniture deck with a study area above to maximise the space,” adds Tan.
Read more at: https://www.edgeprop.sg/property-news/unit-clift-market-16-mil
New Reporter
22-03-24, 12:04
One-bedder at The Clift for sale at $1.2 mil
March 21, 2024
A 495 sq ft, one-bedroom unit at The Clift along McCallum Street in District 1 will be on the block at Edmund Tie’s next auction on March 27.
The unit on the 23rd floor has a guide price of $1.2 million, which translates to $2,424 psf.
This owner’s sale marks the unit’s first appearance at an auction since its original purchase. Records indicate that the unit for sale was acquired for $950,000 ($1,919 psf) on March 20, 2020.
Joy Tan, executive director of auctions and sales at Edmund Tie, says the property is currently listed as the owner is restructuring part of his investment portfolio. She adds that the unit will be sold with an existing tenancy scheduled to end in November, which will provide the next owner with immediate rental income.
Tan says the unit’s proximity to the CBD makes it an attractive rental option for professionals working there, ensuring a robust pool of potential tenants. Alternatively, owner-occupiers can take advantage of the nearby F&B amenities, transportation convenience and proximity to lively entertainment areas.
Based on URA rental caveats tabulated by EdgeProp Singapore, the average monthly rent at The Clift over the past 12 months is approximately $8 psf per month, implying a rental yield of 4.8%.
Completed in 2011, The Clift is a 99-year leasehold, mixed-use development with 312 residential units and a single-storey retail podium. The residences comprise one- and two-bedroom simplexes of 495 sq ft to 818 sq ft from the 11th to 30th floor and one- and two-bedroom lofts of 753 sq ft to 1,076 sq ft from the 32nd floor to the 42nd floor.
In psf terms, prices ranged from $1.55 million ($1,895 psf) for an 818 sq ft unit on the 11th floor sold in December 2023 to $1.62 million ($2,090 psf) for a 775 sq ft unit on the 27th floor sold in September 2023.
The most recent resale transaction at The Clift was made on Jan 5. A 495 sq ft unit on the 14th floor was sold for $970,000 ($1,959 psf).
“There were quite a few transactions for this development,” says Tan. While it may not be a “rare find” in terms of sales velocity, she adds that the development remains a viable option in the current market.
Tan also observes that The Clift remains highly sought-after in the resale market, indicating its appeal to owner-occupiers and investors looking to diversify their portfolios with this type of property.
The Clift is situated across from Amoy Street Food Centre on Maxwell Road and is close to Guoco Tower in Tanjong Pagar. Additionally, it is located near the Telok Ayer Conservation Area, which has bars and eateries along Amoy Street, Telok Ayer Street, and Stanley Street. Ann Siang Hill, Ann Siang Road and Club Street, which are part of the Chinatown Conservation Area, are also nearby.
MRT stations in the vicinity include Tanjong Pagar Station on the East-West Line, Telok Ayer Station on the Downtown Line, and Shenton Way Station on the Thomson-East Coast Line.
Other comparable high-rise apartments in the CBD are in the Tanjong Pagar area. They include the 646-unit Icon (completed in 2007), the 280-unit Altez (completed in 2014), and the 360-unit Skysuites @ Anson (completed in 2014).
Icon is the first high-rise residential development launched in Tanjong Pagar. In February, the latest transaction was for a 560 sq ft, one-bedroom unit that changed hands for $1.08 million ($1,930 psf).
Nearby at Altez on Enggor Street, an 861 sq ft one-bedroom duplex was sold for $1.55 million ($1,800 psf), based on a caveat lodged with URA Realis. Meanwhile, at Skysuites @ Anson on Enggor Street, the latest transaction was for a 667 sq ft two-bedder that changed hands for $1.595 million ($2,390 psf) in February.
More at: https://www.edgeprop.sg/property-news/one-bedder-clift-sale-12-mil
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