A two-bedroom-plus-study unit at Bartley Residences is set to go under the hammer in a mortgagee sale, with a guide price of $1.9 million, or $1,713 per square foot. The unit, which spans 1,109 square feet, is designed to accommodate modern living with an ensuite master bedroom and a second bedroom. Additionally, the study within the unit offers flexibility, as it can be converted into a third bedroom, allowing potential buyers to customize the space according to their needs.
This property auction, conducted by Knight Frank, is scheduled for June 26 and marks the second attempt to sell the unit. The previous auction was withdrawn due to a lack of bids, indicating a challenging market for this particular listing. However, the current guide price reflects the competitive nature of the real estate market in the area, suggesting that there may be renewed interest among prospective buyers.
Bartley Residences is a 99-year leasehold development located in District 19 along Lorong How Sun. The development consists of 702 residential units spread across eight blocks. It has garnered attention for its strategic location and amenities, contributing to its desirability among homebuyers. The architecture and layout of Bartley Residences cater to individuals seeking a blend of comfort and convenience, with various facilities available to residents.
Recent sales data indicates a robust market at Bartley Residences. This year alone, 19 units have been sold at an average price of $1,817 per square foot. Such figures highlight the demand for properties within this development and the increasing value of real estate in the surrounding area. The active sales environment may incentivize potential buyers to take advantage of the current mortgagee sale, viewing it as an opportunity to acquire a property in a sought-after locale.
The upcoming auction could attract not only individual buyers but also investors looking to capitalize on the growth potential of the property. With the average price per square foot slightly higher than the guide price of the auctioned unit, there may be an opportunity for buyers to negotiate a favorable deal. The flexible layout of the unit combined with the overall appeal of Bartley Residences adds to its attractiveness, making it a noteworthy option for those in the market.
As the auction date approaches, the real estate community will be watching closely to see if this two-bedroom-plus-study unit garners the interest it failed to receive previously. The outcome may reflect broader trends within the local market and provide insights into the future demand for properties in Bartley Residences and the surrounding District 19.
With the right marketing and bidding environment, this unit has the potential to achieve a successful sale, reaffirming the enduring appeal of residential properties in the area.
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News Source: Edgeprop
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