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BELOW $1 MILLION: Freehold ground floor unit in Kallang

By Tan Chee Yuen

/ The Edge Property |

November 11, 2015 4:29 PM SGT

A ground floor unit at The Mornington is going for $888,000 or $1,036 psf. The one-bedroom unit has an area of 857 sq ft (including private enclosed space).

The Mornington is a freehold condominium development located at 16, St. Michael’s Road. Completed in 2004, it is situated 700m from Boon Keng and Potong Pasir MRT stations of the North-East Line. Schools within 1km from the property include St. Andrew’s Junior Institution, Bendemeer Primary School and Hong Wen School.

There is no recent comparable transaction this year. The latest transaction was in November 2014 when a 1,259 sq ft unit at the 10th floor was sold at $1,325,000 or $1,052 psf. As at 3Q2015, median price of private non-landed homes in Rest of Central Region stands at $916.70 psf and rent at $2.80 psf per month.

Recent transactions at The Mornington

Date	Address	Area (sq ft)	Price ($)	Price ($ psf)
28-Nov-14	16 St. Michael's Road #xx-xx	1,259	1,325,000	1,052
6-Aug-14	16 St. Michael's Road #xx-xx	1,216	1,250,000	1,028
28-Oct-13	16 St. Michael's Road #xx-xx	1,259	1,220,000	969
10-Jul-12	16 St. Michael's Road #xx-xx	1,259	1,160,000	921
27-Jan-11	16 St. Michael's Road #xx-xx	1,216	980,000	806

Source: URA, The Edge Property

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Editor: To real estate agents – if you have secured an interesting listing or concluded an interesting deal recently, we would love to hear from you! Contact us at propertyeditor.sg@bizedge.com

As we are not party to the contract between the client and agent, we are not able to verify information provided by the agent.

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BELOW $1 MILLION The Mornington Kallang

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