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BELOW $1 MILLION: Freehold apartment in Balestier
By Tan Chee Yuen | October 5, 2016
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A 441 sq ft, one-bedroom unit at The Verve is looking for buyers on TheEdgeProperty.com at $699,000, or $1,585 psf.

The Verve is a freehold apartment located along Jalan Rajah, off Balestier Road. Completed in 2012, the development comprises 106 units in a single 19-storey tower. It is located within 200m from Zhongshan Mall. Schools within 1km from the property include Balestier Hill Primary School and CHIJ Primary (Toa Payoh).

There was a 441 sq ft unit sold this year for $700,000, or $1,586 psf on July 1. Monthly rents averaged $1,960 based on five rental contracts in the past three months. This translates into a potential gross rental yield of 3.4% based on the asking price.

For more information, call marketing agent Neo Fang Ning at 8288 8568.

Past transactions at The Verve



Source: URA, The Edge Property

Past rental contracts for 400 sq ft to 500 sq ft units at The Verve

Source: URA, The Edge Property


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