A 1,259 sq ft, three-bedroom unit at Livia has been listed on TheEdgeProperty.com at $1 million, or $794 psf. The Edge Fair Value, a valuation tool on TheEdgeProperty.com, puts the indicative value of the property at slightly below $900 psf.
The most recent transaction at Livia was in January this year when a 1,324 sq ft unit on a low floor changed hands for $1.15 million, or$869 psf. In December, a 1,259 sq ft mid-floor was transacted at $1.07 million, or $850 psf. The 724-unit condominium was launched in the second half of 2008 at an average price of $650 psf.
Livia is a 99-year-leasehold condominium located at Pasir Ris Grove. It was completed in 2011. Amenities in the area include White Sands Mall, Tampines Eco Trail and Pasir Ris Town Park. There are a number of schools within a 1km radius of the property, namely Coral Primary School, Elias Park Primary School, Meridian Primary School and Park View Primary School.
Five 1,200 to 1,300 sq ft units at Livia were let out in December 2015 and January 2016 at an average rent of $2,840, or $2.28 psf, per month. Based on the listing price of $1 million, the average rent translates into a potential gross rental yield of 3.4%.
Historical transactions of units in the 4Q2015 and January 2016 at Livia
Recent rental contracts for 1,200 to 1,300 sq ft units at Livia
Click here for more listings at Livia and nearby projects.
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 720 (March 21, 2016) of The Edge Singapore.
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