One Bedroom Loft Fulcrum Sale 16 Mil
Take a look at these four resale units near the upcoming Marine Parade MRT Station
Knight Frank, a reputable agency in the real estate industry, will be holding an auction for a one-bedroom and study loft at Fulcrum condominium located along Fort Road in District 15. The unit is 818 square feet and will be sold with vacant possession. It has been listed with a guide price of $1.6 million, which translates to $1,956 per square foot. This is a mortgagee sale and is a great opportunity for potential buyers to own a unit at Fulcrum.
The unit, located on the seventh floor, offers unobstructed views of Fort Road. The lower level of the unit features a kitchen, a dining area, and a living room that connects to a balcony with a floor-to-ceiling window. The upper level houses the master bedroom, an en suite bathroom, and a study.
The unit has been listed for auction twice before, with the first time being at SRI’s auction in September 2023 with a guide price of $1.73 million ($2,115 psf). As there were no bidders, the property was withdrawn. The unit was then listed again in October 2023 by SRI with a revised guide price of $1.69 million ($2,066 psf), but it still did not find a buyer.
Fulcrum is a freehold condominium completed in 2016 with a total of 128 units. The units are a mix of mostly one- and two-bedroom units spanning 441 square feet to 1,173 square feet. There are also three-bedroom units ranging from 1,346 square feet to 2,153 square feet, as well as three penthouse duplexes measuring 4,316 square feet to 4,865 square feet.
According to URA caveats, the previous owner purchased the unit in September 2017 for approximately $1.4 million, or $1,716 psf. The guide price for the current auction is slightly lower than the psf prices of recent transactions at Fulcrum. The most recent transaction at Fulcrum was a 678 sq ft two-bedroom unit sold for $1.51 million ($2,227 psf) on Jan 8.
In 2023, three resale transactions were recorded at Fulcrum, with prices ranging from $1.7 million ($2,051 psf) for an 829 sq ft two-bedroom unit on the seventh floor to $1.75 million ($2,139 psf) for an 818 sq ft one-bedroom-plus-study loft on the ninth floor. Fulcrum is located within walking distance of the upcoming Katong Park MRT Station on the Thomson-East Coast Line, set to open on June 23. It is also a short drive from several shopping malls, including Parkway Parade on Marine Parade Road, i12 Katong on East Coast Road, and Kallang Wave Mall on Stadium Place.
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If you are interested in purchasing a unit at Fulcrum, this auction presents a great opportunity to do so at a lower price per square foot than recent transactions. Make sure to take a look at the other available units at Fulcrum as well. The condominium is in a prime location, close to transportation and amenities, making it a desirable place to call home.