BELOW $1 MILLION: Freehold apartment in Balestier

By Tan Chee Yuen
/ The Edge Property |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
A 441 sq ft, one-bedroom unit at The Verve is looking for buyers on TheEdgeProperty.com at $699,000, or $1,585 psf.
The Verve is a freehold apartment located along Jalan Rajah, off Balestier Road. Completed in 2012, the development comprises 106 units in a single 19-storey tower. It is located within 200m from Zhongshan Mall. Schools within 1km from the property include Balestier Hill Primary School and CHIJ Primary (Toa Payoh).
There was a 441 sq ft unit sold this year for $700,000, or $1,586 psf on July 1. Monthly rents averaged $1,960 based on five rental contracts in the past three months. This translates into a potential gross rental yield of 3.4% based on the asking price.
Advertisement
For more information, call marketing agent Neo Fang Ning at 8288 8568.
Past transactions at The Verve
Contract date
Area (sq ft)
Price ($)
Price ($ psf)
7-Sep-16
818
910,000
1,112
1-Aug-16
818
905,000
1,106
1-Jul-16
441
700,000
1,586
28-Apr-16
614
780,000
1,271

Source: URA, The Edge Property

Past rental contracts for 400 sq ft to 500 sq ft units at The Verve
Lease date
Monthly rent
($)
($psf)
Aug-16
1,600
3.60
Aug-16
2,100
4.70
Jul-16
2,200
4.90
Jul-16
1,800
4.00
Jul-16
2,100
4.70

Source: URA, The Edge Property


Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More