A 560 sq ft unit at Icon is looking for buyers at $999,999 ($1,786 psf) on TheEdgeProperty.com.
The 646-unit Icon was developed by Far East Organization and completed in 2007. The 99-year leasehold condominium is within a short walk from the Tanjong Pagar MRT station.
The commercial podium of the project, Icon Village, houses a mix of F&B outlets, retail and convenience stores. Icon is also a stone’s throw from 100 AM mall and the new mall at Tanjong Pagar Centre which will have several new-to-market F&B brands, including Japan Rail Café, SBCD Tofu House and The Little Island.
The latest transaction saw a 570 sq ft unit changed hands for $988,000 ($1,732 psf) in January this year. In November 2016, a 560 sq ft unit fetched $1 million ($1,787 psf). URA data shows that there were six rental contracts for 500 to 600 sq ft units at Icon. Monthly rent averaged $3,267, which translates to a 3.9% gross rental yield based on the asking price.
Recent transactions at Icon
Recent rental contracts for 500 to 600 sq ft units at Icon