Mortgagee sale of Rosewood Suites penthouse for $1.33 mil

A three-bedroom penthouse on the fifth storey of Rosewood Suites in District 25 will be put up for auction by Edmund Tie on Nov 18. The 2,045 sq ft penthouse will be offered with a guide price of $1.33 million ($650 psf) in a mortgagee sale.

On the first floor, the unit has a spacious living and dining area with double-volume ceiling height. There is also an enclosed kitchen, bedroom with en suite bathroom, another bedroom and common bathroom. The spacious master bedroom on the upper floor with an en suite bathroom leads to a terrace. Facilities at the condominium include a gym, 50m lap pool, jacuzzi pool, children’s playground, tennis court and clubhouse.

Developed by EL Development, the 99-year leasehold development on Rosewood Drive comprises 200 one-, two-, three- and four-bedroom units. As the property achieved TOP in 2011, it is “well-kept and in move-in condition”, according to Joy Tan, head of auction at Edmund Tie. She adds that the price is attractive as recent transactions in the development this year have been between $761 and $940 psf.