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BELOW $1 MILLION: Freehold apartment in Kallang

By Metta Lee

/ The Edge Property |

May 25, 2016 3:19 PM SGT

A 570 sq ft one-bedroom high-floor unit at De Centurion in Kallang is looking for buyer at $899,000, or $1,577 psf. According to the agent, the unit has a partial sea/city view.

In August 2014, another 570 sq ft unit on a lower floor was sold for $880,000, or $1,543 psf.

De Centurion is a freehold apartment on Tanjong Rhu Road. Completed in 2010, the 42 unit development is within 400m of East Coast Park. Schools within a 2km radius of the property include Kong Hua School and Tanjong Katong Primary.

There were six rental contracts for one-bedroom 500 to 600 sq ft units at De Centurion in 2015. Monthly rent averaged $2,460. Based on the listing price of $899,000 million, the average rent translates into a potential gross rental yield of 3.3%

Recent transactions at De Centurion

Contract date	Unit Size	Price ($)	Price ($ psf)
April 22, 2016	775	1,140,000	1,471
February 16, 2016	1,044	1,388,000	1,329
June 19, 2015	1,044	1,410,000	1,350
September 18, 2014	775	1,120,000	1,445
August 22, 2014	570	880,000	1,543

Source: URA, The Edge Property

Recent rental contracts for 560 sq ft units at De Centurion

Lease date	Monthly Rent
	($)	()
October 2015	2,300	4.20
August 2015	2,400	4.40
May 2015	2,800	5.10
May 2015	2,400	4.40
March 2015	2,400	4.40
January 2015	2,500	4.50

Source: URA, The Edge Property

Click here for more listings at De Centurion and nearby projects.

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BELOW $1 MILLION De Centurion

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