A 603 sq ft, one-bedroom unit at The Greenwich on Seletar Road has been listed on TheEdgeProperty.com at $700,000, or $1,161 psf. The property’s latest transaction was in September 2015, when a 1,076 sq ft unit was sold for $1.22 million, or $1,133 psf. Meanwhile, a similar-sized unit changed hands for $1,228 psf in September 2014.
The Greenwich is a 99-year leasehold condominium comprising 319 units. Completed in 2014, the low-rise development is adjacent to Greenwich V mall. Schools within a 1km radius of the property include Fernvale Primary School and Sengkang Green Primary School; Rosyth School is within a 2km radius of the property. The project is also only a 10-minute drive from Seletar Aerospace Park. There were 10 rental contracts in the past three months for 600 to 700 sq ft units at The Greenwich.
A 603 sq ft unit at The Greenwich on Seletar Road is being put up for sale at $700,000.
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Monthly rents for these contracts averaged $2,070, or $3.09 psf. The unit is currently tenanted for $2,000, and can be sold with or without tenancy. Based on the listing price of $700,000, the rent translates into a potential gross rental yield of 3.4%. For more information, call marketing agent Eddy Lim at 9456 0372.
Recent transactions at The Greenwich
Recent rental contracts for 600 to 700 sq ft units at The Greenwich
Editor: To real estate agents – if you have secured an interesting listing recently, we would love to hear from you! Contact us at propertyeditor.sg@bizedge.com
This article appeared in The Edge Property Pullout, Issue 725 (April 25, 2016) of The Edge Singapore.