A 334 sq ft, one-bedroom unit at City Loft on Race Course Road has been listed on TheEdgeProperty.com at $568,000 or $1,701 psf.

City Loft is a freehold apartment in district 8. Completed in 2012, the 40-unit development is within 400m from Farrer Park MRT station of the North-East Line and City Square Mall. Schools within a 1km radius include Hong Wen School and Farrer Park Primary School.

There were four rental contracts for 300 to 400 sq ft units at City Loft in the past three months. Monthly rents averaged $1,725, which translates into a potential gross rental yield of 3.6% based on the asking price.

Recent transactions at City Loft

Recent rental contracts for 300 to 400 sq ft units at City Loft