A 495 sq ft, one-bedroom unit at The Clift on McCallum Road has been listed on TheEdgeProperty.com at $999,999 or $2,020 psf.
The last time a unit at The Clift transacted below $1 million was in April 2011, when another 495 sq ft unit changed hands for $990,000.
Completed in 2011, The Clift is a 99-year leasehold apartment located in the heart of the CBD.
Based on data technology developed by TheEdgeProperty.com, the 312-unit development ranks 4.8/5 in connectivity, with Telok Ayer MRT station of the Downtown Line and Tanjong Pagar MRT station of the East-West line within a 400m radius. It is also within 500m from upcoming MRT stations Maxwell MRT station and Shenton Way MRT station of the Thomson-East Coast Line.
Shopping centres within 500m from the development include International Plaza and China Square Central. Schools within a 1km radius include Cantonment Primary School.
There were 14 rental contracts for 400 to 500 sq ft units at The Clift in 2016. Monthly rents averaged $3,379. Based on the listing price of $999,999, the average rent translates into a potential gross rental yield of 4%.
For more information, call marketing agent Tan Pei Cheng at 9710 0155.
Recent transactions at The Clift
Recent rental contracts for 400 to 500 sq ft units at The Clift