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A boutique condo unit at Gambier Court, located along Kim Yam Road in prime District 9, will be auctioned by Knight Frank Singapore on Dec 12. The three-bedroom unit has a guide price of $2.6 million, which translates to $1,755 per square foot (psf) based on its floor area of 1,485 sq ft.
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Public records show that the current owner purchased the unit in October 2018 for $1.8 million ($1,212 psf). This is the second time the unit is being put up for auction, with the previous attempt at a higher guide price of $2.64 million ($1,778 psf) on Nov 26 not attracting any bids.
According to Tricia Tan, director of auction and sales at Knight Frank, the owner is selling the unit to be closer to their children’s school. The unit will be sold with vacant possession.
The eighth floor unit comes with three bedrooms and a study area. It was originally a four-bedroom unit, but a previous owner had converted it into a three-bedder. This reconfigured layout offers a more spacious living space, making it attractive for both local and expat families with children.
The balcony of the unit faces northeast, providing unblocked views of the sea and Singapore River. Gambier Court, a 99-year leasehold condo completed in 1999, is a low-density development with just 21 units. This includes 18 apartments spread across a 10-storey block and three strata-landed units housed in conserved shophouses.
The apartments range from two- to four-bedroom units and measure from 936 sq ft to 2,530 sq ft. The three strata-landed units are two-storey properties with an attic, measuring between 2,562 sq ft and 2,885 sq ft.
Located within walking distance to Fort Canning MRT Station on the Downtown Line, Gambier Court is also close to a variety of F&B and retail options. These include the new lifestyle hub New Bahru at Kim Yam Road (formerly Nan Chiau High School), Robertson Quay, UE Square, and Clarke Quay.
The most recent transaction at the condo involved a 1,485 sq ft four-bedder unit on the seventh floor, sold for $2.5 million, or $1,683 psf, in December 2022, based on Realis caveats. The seller had bought the unit in August 2016 for $1.9 million ($1,279 psf), making a net profit of $600,000. For more information on other properties at Gambier Court, visit the latest listings.