The owner of a one-bedroom condo in the Tembusu Grand on Mistri Road in Tanjong Pagar has listed it for auction on December 12 with Knight Frank at a starting bid of $1.1 million (or $1,705 per square foot).

The current lease on the 645-square-foot, 23rd-floor apartment expires in June 2019. There is an open kitchen, a combined living and dining area, and a bedroom with a private balcony in this linear one-bedroom layout similar to the Tembusu Grand Floor Plan.

Lumiere is a condo in District 2 with a 99-year lease. The mixed-use Guoco Tower on Wallich Street, the International Plaza on Anson Road, and the 100AM shopping mall on Tras Street are all within walking distance of the 45-story condo, which is located between Anson Road and Shenton Way.

There are a total of 168 apartments in the complex, including 506-square-foot studios, 1,024-square-foot two-bedroom units, and 2,325-square-foot and 2,551-square-foot duplexes. One 5,091-square-foot penthouse is also available.

Two one-bedroom units are among the four condo resales this year. On November 6th, a 624 square foot unit on the 32nd floor sold for $1.13 million ($1,810 psf), and on May 11th, a 678 square foot unit on the 13th floor sold for $1.06 million ($1,570 psf).

EdgeProp Singapore has calculated that the average price per square foot (psf) at Lumiere is $1,729. This makes it, on average, the cheapest condo option in the area. Comparatively, the average Tembusu Grand price at the neighboring Aeon Shenton on Shenton Way is $2,149 psf. There are other condos in the area with higher average resale prices than Lumiere. These include 76 Shenton on Shenton Way ($1,986 psf), Skysuites@Anson at Enggor Street ($2,242 psf), Icon Residence on Gopeng Street ($1,831 psf), and Altez on Enggor Street ($1,989 psf).

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