Unique shophouse one bedroom loft
Description:
The Red House is a leasehold (freehold, 99 yrs from 2012, 99 years leasehold) apartment completed in 2016. It is developed by WAREES INVESTMENTS PTE LTD and designed by S H LIM ARCHITECTS PTE LTD. The development occupies a land area of 1,583 sqm and a Gross Floor Area of 4,084 sqm. It consists of 42 units. According to records, buyers of this development are Singaporean 74.2%, PR 22.6%, Foreigner 3.2%, Company 0.0%.
THE RED HOUSE is located along East Coast Road in Marine Parade, in District 15. It is accessible through the nearest MRTs including Marine Parade TE26 and Amber TE25.
Based on transaction data in the last 12 months, sale prices range from S$ 1,659 psf to S$ 1,664 psf at an average of S$ 1,662 psf. Its highest recorded transaction was S$ 1,979 psf in Dec 2013 for a 495-sqft unit. Its lowest recorded transaction was S$ 1,253 psf in Aug 2022 for a 958-sqft unit. Its current rental yield is at 3.3%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, TANESEI RETAILING PTE. LTD., NTUC FAIRPRICE CO-OPERATIVE LTD, and 3 Shopping Mall(s): The Flow Mall, Katong Plaza, Katong Square.
Buyers and tenants are attracted to District 15, which includes Tanjong Rhu, Meyer, Marine Parade, Katong, Amber Road, Joo Chiat and the area around East Coast. A large proportion of the district is zoned for residential development. The district is currently served by the Circle Line and East-West Line via Paya Lebar, Eunos, and Aljunied MRT stations. There is a wide coverage of bus service connecting passengers to and fro the Central Business District as well. Joo Chiat was zoned as a conservation area in 1993. A large number of shophouses, which retain its original look since the earlier years, can be found along Joo Chiat Road. Separately, Meyer Road stretches from Tanjong Rhu Road to Tanjong Katong Road. Located across from the East Coast Park, Meyer Road is easily accessible by the East Coast Expressway extending from the city
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