An 828 sq ft, two bedroom unit at City Loft on Race Course Road has been listed on TheEdgeProperty.com at $980,000 or $1,184 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 three rental contracts for 700 to 800 sq ft units at City Loft in the past six months. Monthly rents averaged $2,550 or $3.40 psf. Based on the listing price of $980,000, the average rent translates into a potential gross rental yield of 3.1%. For more information, call marketing agent Irene Ang at 9183 0315.
Recent transactions at City Loft
Recent rental contracts for 700 to 800 sq ft units at City Loft