SKY EVERTON CONDO SHOWFLAT LAUNCH
Besides 10 Evelyn, another freehold condominium launch in a very well-placed location is Sky Everton, in the Tanjong Pagar area. This project should appeal especially to investors, or owner-occupiers looking for a convenient pad close to the Central Business District.
SL Capital launched this new condominium for sale on 22 June 2019. It is located in the Cantonment neighbourhood, close to Outram Park, and within close walking distance to the upcoming Cantonment MRT station.
Sky Everton Condo View from Gym
The Sky Everton condo will be one of the rare new projects in this neighbourhood, that is distinguished by the conservation shophouses around it. Projects around here are generally sought after by investors and residents, both local and from overseas. That is because property in this district holds its value well, as land around here is limited.
Even more limited is freehold land. Such freehold tenure can only come from enbloc sales or private treaty sales, never from government land sales. The Sky Everton condo is one such example.
This will be an 36 storey high development with around 262 apartments only, comprising a mix of one bedroom to 4 bedroom apartments, and 4 penthouses. However the bulk of the units will be the smaller types.
In fact, the sales from the launch of this project has proved the wisdom of that. The one bedroom units sold out within a couple of days of the opening of the Sky Everton showflat, and it did not take long for the 2 bedders and 2 bedroom + study units to follow suit.
Sky Everton has become one of the most successful launches of 2019. Within half a year of its first VIP preview, it had sold over 75% of its units, leaving only the biggest and most expensive units to remain available. These range in price from $2.4M for the smaller 3 bedders, to over $7.1M for penthouses. On a PSF basis, it works out to around $2,6xx to $3,1xx per square foot.
The other advantage of the Sky Everton condo are its views. To its north, it overlooks rows of conservation shophouses, which is very unlikely to be built up in future. So that view will keep for a while.
To its south is the neighbourhood park. Quite a large park actually, with some nice greenery and tall trees. While there is no guarantee that this piece of land will not get built up in future, for the present it looks unlikely. This has been the park serving the estate for quite a long time, and will probably remain so for some time to come.
The upcoming Cantonment MRT station is another promising feature. It will be less than 5 minutes walk from site, and will take residents directly into the CBD.
