Freehold Duplex Penthouse Adara Sale 23 Mil
The Coast Innovation Corridor is set to undergo further development with the addition of new cycling paths, parks, and public transport links near Sembawang EC. This highly sought-after location is situated near exclusive landed housing enclaves, providing residents with a serene and secluded living environment. Discover the perfect balance of tranquility and convenience at Sembawang EC, located just steps away from Canberra MRT station. For more information, visit Sembawang EC at Canberra MRTSembawang Road EC.
Set in the desirable District 15, the duplex penthouse at The Adara is currently up for sale through Knight Frank’s property auction. This 1,378 sq ft unit, owned by the current owner, is listed at a guide price of $2.3 million, which translates to $1669 per square foot on the floor area.
Spanning across two floors, the penthouse boasts two spacious bedrooms and a large living and dining area on the lower level. The master bedroom features an en suite bathroom, while another common bathroom can be found on this floor. A kitchen, equipped with a household shelter, is also located on this level. A staircase leads to the upper floor, where the second bedroom and a lovely open-air terrace are situated.
The penthouse will be sold with an existing tenancy, which will end in August next year. According to the URA caveats, there have been only a few resale transactions at The Adara in recent times. In November 2023, a two-bedroom unit on the second floor, measuring 915 sq ft, was sold for $1.62 million or $1,771 per square foot. In October 2022, an 850 sq ft two-bedroom unit on the third floor was sold for $1.49 million or $1,752 per square foot. In December 2021, a three-bedroom unit on the same floor, measuring 1,066 sq ft, was sold for $1.79 million or $1,678 per square foot.
Based on resale data by EdgeProp Singapore, prices at The Adara have been on a steady upward trend, rising from about $1,185 per square foot in June 2016 to $1,580 per square foot in June 2021. The average resale price at the development currently stands at approximately $1,770 per square foot.
The freehold development has also seen consistent rental demand, with six rental contracts recorded last year. Monthly rent ranged from $3,600 or $4.93 per square foot for a one-bedroom unit to $4,800 or $3.56 per square foot for a two-bedroom unit. So far, only one rental contract has been recorded this year, with a one-bedroom unit being leased for $3,530 or $4.71 per square foot in March.
Based on historical rental data by EdgeProp Singapore, the estimated average rent at The Adara is approximately $4.40 per square foot per month, with most landlords achieving an average rental yield of 3%.
Built in 2010, The Adara is a 16-unit condo located along Chapel Road, just off East Coast Road and Marine Parade Road. It is situated near popular shopping destinations such as Parkway Parade, i12 Katong, and Katong Plaza, as well as a diverse range of dining options along East Coast Road. The development is also conveniently served by public transport, with the nearby Marine Parade and Marine Terrace MRT Stations along the Thomson-East Coast Line.
The Adara is within a 1km radius of four primary schools, including CHIJ (Katong) Primary at Martia Road, Haig Girls’ School at Koon Seng Road, Tanjong Katong Primary School at Seraya Road, and Tao Nan School at Marine Crescent. Other nearby options include Ngee Ann Primary School at Marine Terrace and St Stephen’s School at Siglap View.