Espada is selling a studio apartment for $1.48 million

A one-bedroom-plus-study unit at Espada, which is close to Orchard Road, will be auctioned on March 30. The owner’s sale of the property will be sold at a cost that is $1.48 million, according to SRI Auction managing partner Mok Sze Sze, who will be managing the auction.

J’Den condominium is an upcoming modern mixed-use development located in the vibrant Jurong East neighbourhood in District 22 of Singapore.

The freehold unit is 646 square feet and is located on the 13th level. The unit is leased to March 31st, 2024 and being sold in conjunction by the tenant in the lease according to Mok. On the basis of floor space the price guide is $2,291 per square foot.

The kitchen is located in the apartment as well as a dining area that is located at the entryway. The living area opens onto the balcony, which overlooks St Thomas Walk and Killiney Road. It runs through the entire apartment and includes the master bedroom as well as the study with sliding doors that open onto the balcony.

Espada Espada is an open-hold development of Novelty Group which was completed in 2013. It is a single tower of 32 stories, Espada has 232 apartments. Apartments range from one-bedrooms of 344 sq. ft. to six67 square feet. There are also apartments with two bedrooms that measure 723 sq ft and a penthouse that is 1,313 square feet.

Caveats filed with URA indicate that one unit been sold in Espada during the yearA 377 square foot one-bedroom apartment at the top of the building was sold for $990,000 ($2,628 per square foot) on the 16th of February. In 2013, 11 resale transactions were recorded in the development. The units, which ranged between 344 sq feet and 667 sq feet, were sold at prices of between $918,000 and $1.62 million between $2,055 to $2,680 based on a psf basis.

It is located off River Valley Road and Killiney Road located in the District 9 area of prime, Espada is in the St Thomas Walk neighbourhood in District 9’s prime area that is mostly freehold luxury condominiums. Nearby development include the 61 unit Skyline 360@ St Thomas Walk by Hiap Hoe, the 176-unit St Thomas Suites by Frasers Property, and the 250-unit 8 Saint Thomas by Bukit Sembawang Estates. The amenities at Espada include a 40-meter lap pool Sky lounges on the 24th and 14th floors, heated pools, as well as tennis courts.

The development is a 10 minute walk from Orchard Road and the Somerset MRT Station located on the North-South Line. It’s also a 10-minute stroll to Great World MRT Station on the Thomson-East Coast Line. The nearby malls are 313@somerset Orchard Central as well as Ngee Ann City — all in Orchard Road