The Icon

THE ICON

The Icon is designed for the sophisticated individual who dares to be different and desires a pad in the city. The Icon Two linear blocks of 41 and 46 stories, with direct North and South facing with panoramic views of the city skyline and the sea, while avoiding the afternoon sun.

Finishing are state-of-the-art, keyless access to apartment units, wireless broadband, highspeed lifts with audio / visual screen, time synchronized ambience lightings in lifts, and ceiling storage in all units.

Developer: Far East Organisation
Location: 10 Gopeng Street (District 02)
Tenure: 99 years
Type of Development: Mixed development
Completion Year: 2007
Total Units: 646
Type of Units: 1 / 2 bedrooms and loft units

Facilities:

Site Plan Icon

A private resort, on the 7th floor.
  • Main Swimming Pool – 50m Lap Pool, Leisure Pool, AquaAerobics Pool, Lounging Shelf, Sculptural Jets, Jacuzzis, Aqua Loungers, Reflexology Water Jets, Water Labyrinth, Bubble Seats, Landscaped Island
  • Splash Zone
  • Lawn
  • Fun Corner
  • The Verandah
  • Tennis Courts
  • Sun Deck
  • BBQ Pits
  • Launderette cum chill-out corner
  • Changing Room
Your own sanctuary, on the 31st floor.
  • Indoor Gym
  • Outdoor Gym Area
  • Clubhouse and Facilities
  • Outdoor Terrace
  • Jacuzzis / Hot Tubs
  • Steam Rooms
  • Water Gardens
  • Hanging Pavilions
  • Reflective Pool
  • Timber Deck Sitting Areas
  • Aroma Areas
  • Terrace Garden
THE ICON- LOCATION AND AMENITIES

Residents will practically have the Central Business District at your doorstep. The Tanjong Pagar MRT Station is also right next door, so you can zip to any part of the town in a jiffy.
 Icon map

You can shop for groceries at the nearby NTUC mart located at Tanjong Pagar Plaza and have local hawker food at the same time. Amara hotel and Icon Village itself offers a wide variety of food ranging from Japanese restaurants to fast food. The adventurous can embark on a walk to Chinatown in the evenings for more food variety and shopping.

 A typical layout on the 23rd floor Tower 1 will look as below

Icon 23rd floor


Analysis

The surroundings of the Icon is fast developing with 3 of the hotel sites in front of them snapped up and building. You have the Altez and Sky suites at Anson building at the back of Icon.
 
Keppel Towers and GE building were acquired for S$ 573 million to build more residential units in the area.

The major transformation may be the acquistion of a white site just in front of Tanjong Pagar MRT and near to the Icon for a sum of $1,708,080,000 or $1,006 per square foot per plot ratio by Guocoland.

Guocoland Land Parcel

The land parcel will be transformed into an exciting world-class development

featuring over a million square feet of central Grade A office space, together

with quality hotel and retail components, and potentially being Singapore’s

tallest ever residences which will reach a height of 280 metres above mean

sea level or an equivalent of approximately 78 storeys.
 
The future commercial and residential development will have a total gross floor area of approximately 1.7 million square feet which will fully integrate with the adjoining Tanjong Pagar MRT station. This large-scale development will also form an integral part of Tanjong Pagar as a live-work-play precinct, in line with Singapore being a leading global financial and business hub.

The current Railway Station in Tanjong Pagar is also to move to Woodlands by July 2011 and plans are being made to transform the location.

On a longer term perspective, Tanjong Pagar is bound to transform into a waterfront city where plans has been made to move the current port facilities away to the west of Singapore once the lease expires in 2027.

In terms of pricing trend.
Icon Transactions
It can be seen that Icon has a splendid track record since it surge in 2005. The price has almost tripled since its first launch in year 2003 and the volume of transactions show that plently of investors has made money in the run.

Icon is a choice investors' project looking at cashflow, high rents, low maintenance and also potential for capital appreciation. Its small quantum between S$ 1 to S$ 2 million range also makes it easier for investors to commit and hold.

Its larger site area in comparision with nearby projects means better facilities for the dwellers like a 50 m lap pool and 2 tennis courts, not forgetting its sky garden on the 31st floor.

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agent image
agency logo
Lim Kah Seng
Team Director
PROPNEX REALTY PTE LTD
kahseng.sg@gmail.com
CEA Licence No.:
L3008022J / R024325Z
+(65) 8333 3222