The Clift
The asset
A high-floor one-bedder in The Clift at 21 McCallum Street with an unblocked city view, in the 42-storey tower of 312 units that Far East Organization’s Natwest Development completed in 2011 at the Tanjong Pagar end of the CBD. The unit is 527 sqft with the main door facing north and the living room south, and at $1,799,998 it asks about $3,416 psf on a 99-year lease that runs from 2004. Outgoings are light for the address: maintenance of about $260 a month and a season parking lot at $192.60. The building carries a lap pool, gym, jacuzzi, sauna, lounge deck and 24-hour security across its sky levels, and the walk to the office is the point: Telok Ayer MRT is 350 m away, Shenton Way 460 m, Tanjong Pagar 470 m, with Amoy Street Food Centre, Lau Pa Sat and Maxwell for meals. Rental demand from CBD professionals is the reason the stack trades; the view is the reason this unit should trade first. Marketed by James Yan of The Property Collective, CEA R063240Z.
James Yan holds this listing for the team because it fits the brief of an asset-progression buyer: durable fundamentals, a defensible location, and an entry that compounds rather than flips. A short call will tell us whether it fits where you are.
How we'll handle it