A 560 sq ft unit at Wilkie 80 in district 9 is listed on TheEdgeProperty.com for $999,999, or $1,786 psf.
Wilkie 80 is a freehold apartment located at Wilkie Road. The 50-unit development is within 500m from Rochor MRT station of the Downtown Line. Its immediate vicinity comprises Mt Emily Park and Parklane Shopping Mall. Schools within 1km from the property include Anglo-Chinese School (Junior) and St. Margaret’s Primary School.
The latest comparable transaction from the development took place in July 2015 when a 398 sq ft shoebox unit was resold for $760,000, or $1,908 psf. Monthly rent of 400 to 500 sq ft apartments from Wilkie 80 averaged $2,500, or $5.55 psf in 4Q2015. This translates to a potential gross rental yield of 3.0%.
Past transactions at Wilkie 80 in 2015
Rental contracts for 400 to 500 sq ft units in 4Q2015
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