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BELOW $1 MILLION: Freehold apartment in Farrer Park

By Tan Chee Yuen

/ The Edge Property |

August 24, 2016 11:00 AM SGT

A one-bedroom, 484 sq ft unit at The Urbanite is listed for sale at $815,000 or $1,684 psf.

Completed in 2014, The Urbanite is a freehold apartment located on Hertford Road, about 500m from Farrer Park MRT station of the North-East Line. Schools located within 1km include Anglo-Chinese School (Junior), Farrer Park Primary School and St Joseph’s Institution Junior.

There were three rental contracts for one-bedroom units sized from 400 to 500 sq ft this year. Monthly rent averaged $2,033, which translates into a potential gross rental yield of 3%.

For more information, call marketing agent Jeffrey Tan at 9640 5599.

Rental contracts for 400 to 500 sq ft units in 2016

Lease date	Monthly rent
	($)	($psf)
Jul-16	2,000	4.4
Jun-16	2,000	4.4
Mar-16	2,100	4.7

Source: URA, The Edge Property

Tags:

BELOW $1 MILLION The Urbanite

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