Mortgagee Sale Three Bedder Pearl Mount Faber Going 22 Million
A rare three-bedroom unit at The Pearl @ Mount Faber will go under the hammer at an upcoming auction by SRI on Sept 24. The 1,389 sq ft unit, a mortgagee sale, is being offered with vacant possession at a guide price of $2.2 million ($1,584 psf). Situated on the ninth floor, the unit boasts scenic views of the sea and Mount Faber’s lush greenery, according to Eric Liew, manager of auction and sales at SRI. This is the second time the unit is being put up for auction, after failing to garner any bids at a higher guide price of $2.25 million last month. However, since then, Liew mentions that the unit has attracted the attention of several interested parties, with many currently waiting to sell their existing homes before making a purchase. Completed in 2005, The Pearl @ Mount Faber features 192 units spread out over 10 residential blocks. These range from two- to four-bedroom units measuring between 1,087 sq ft and 1,464 sq ft. The condominium is conveniently located a short drive away from HarbourFront Centre and VivoCity, both popular destinations for shopping and leisure activities. In addition, it is also near several prestigious schools, with CHIJ Kellock and Radin Mas Primary School being a stone’s throw away. As of Aug 26, a total of five units at The Pearl @ Mount Faber have changed hands this year. The most recent transaction was a three-bedroom unit that went for $2.02 million ($1,489 psf) on Aug 11. Prior to that, a two-bedroom at the development sold for $1.9 million ($1,630 psf) on July 28, and another two-bedder fetched $1.73 million ($1,589 psf) on June 16. With its prime location and scenic views, this unit at The Pearl @ Mount Faber is a rare find with strong potential for capital appreciation. Don’t miss the chance to own this exclusive property in one of Singapore’s most sought-after districts.
The Master Plan also has positive implications for educational facilities. It prioritizes the establishment of learning and research centers in regional hubs, aiming to expand the educational opportunities available in these areas. This includes the enhancement of existing schools, the construction of new preschool centers, and the potential creation of satellite campuses or continuing education institutes. These developments foster a culture of lifelong learning for residents of all ages and add to the overall appeal of living in areas with well-established schools and enrichment programs. One example of a sought-after residential location with access to such facilities is Miltonia Close EC Khatib.