A 431 sq ft unit on the second storey of Everitt Edge in district 15 is listed for sale at $600,000 or $1,392 psf.
Everitt Edge is a freehold apartment development located at Joo Chiat Place, about 700m from Eunos MRT station. It was completed just last year. Schools located within 1km include Haig Girls’ School, Tanjong Katong Primary School and Tanjong Katong Secondary School.
There have been no resale transactions at the development to date. Two subsale transactions were clocked last year at $1,425 and $1,602 psf. In 2H2015, three rental contracts for units of similar size fetched monthly rents that averaged $1,892. This translates into a potential gross rental yield of 3.8%.
According to Senior associate district director Gary Go of PropNex, the seller is looking for offers in excess of $600,000.
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There have been no resale transactions to date
3 rental contracts in 2H2015 averaging $1,892