Kim Sia Court has a three-bedroom unit for sale for $3 million
A three-bedroom apartment located at Kim Sia Court which is a freehold condominium located along Jalan Jintan, off Orchard Road in the District 9 It will go on auction on September 28. A mortgagee sale is expected to take place, and the property will be offered at an initial price of $3 million, or $2,111 per square foot, according to Mok Sze Sze Singapore Real Estate Inc’s (SRI) director of auctions who is in charge of the sale.
Lumina Grand EC by CDL Zenith has an area of 16,623.7 square meters and has been approved under the Confirmed List 1st Half 2022 Government Land Sales GLS.
The property is located situated on the 12th floor and covers approximately 1,421 square feet. It is equipped with a spacious living and dining space that leads to a balcony that has the view of Orchard Road. The master bedroom comes with an en-suite bathroom, and the two other rooms share a bathroom. There’s also an outdoor service area along with a storage room and a spacious kitchen area.
Kim Sia Court, a freehold condominium built in the year 1970, is comprised of four 12-story blocks, each with 172 dwellings. The development has two types of units that include two-bedders (1,066 sq feet) as well as three bedders (1,421 sq feet). The development is located in a tiny residential enclave along Nutmeg Road, near the intersection of Orchard Road and Scotts Road. The enclave mostly comprises land-based properties that are located along Jalan Jintan Jalan Lasda Puteh, along with Jalan Kayu Manis.
Due to its proximity Orchard Road amenities, Mok expects to see a high demand for the apartment. Scotts Square, Tang Plaza and Lucky Plaza are a short three-minute walk from the property. Mount Elizabeth Hospital and Orchard MRT Station (North-South and Thomson-East Coast Lines) are within walking distance.
Based on caveats filed in the caveats filed Kim Sia Court have changed ownership this year. The most recent sale was the sale of a three-bedder July 15th to $3.05 million ($2,147 per sq ft). Two units were sold in May. A three-bedder sold at $3.19 million ($2,244 per sq ft) in May and a two-bedder was purchased to the tune of $2.6 million ($2,440 per square foot) the 15th of May. This is also the highest price for psf transactions so far at the project.
The property which will go at auction September 28 will be offered on an empty basis, giving buyers the option to rent or occupy the property. Based on URA data, the most recent rentals show three-bedroom units attracting monthly rents of between $4,500 and $6,300.