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