A 484 sq ft, one-bedroom unit at The Urbanite is listed for sale at $688,888 ($1,423 psf).
Completed in 2014, The Urbanite is a freehold apartment located on Hertford Road, about 500m from Farrer Park MRT station of the North-East Line. Schools located within 1km include Anglo-Chinese School (Junior), Farrer Park Primary School and St Joseph’s Institution Junior.
There were four rental contracts for one-bedroom units sized from 400 to 500 sq ft in 4Q2016. Monthly rent averaged $2,025, which translates into a potential gross rental yield of 3.5%.
The latest transaction saw a 517 sq ft unit changed hands for $750,000 ($1,452 psf).
Recent transaction at The Urbanite
Recent rental contracts for 400 to 500 sq ft units at The Urbanite