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BELOW $1 MILLION: Freehold one-bedder in Telok Blangah

By Tan Chee Yuen

/ The Edge Property |

November 2, 2016 2:05 PM SGT

A 431 sq ft, one-bedroom unit is looking for buyers on on TheEdgeProperty.com at $862,000 ($2,000 psf).

The Foresta @ Mount Faber is a freehold condominium project on Wishart Road, some 500m from Telok Blangah MRT station. The 141-unit development was developed by Hoi Hup Realty and completed in 2014. It is also located about 1km from VivoCity. Schools within 2km from the property include Blangah Rise Primary School and CHIJ (Kellock).

The most recent comparable transaction saw a 431 sq ft unit sold for $890,000 ($2,067 psf) in February this year. In the past three months, there were four rental contracts for 400 sq ft to 500 sq ft units. Monthly rents averaged $2,513, which translates into a potential gross rental yield of 3.5%.

For more information, call marketing agent Alex Lim at 9099 0090.

Recent transactions at The Foresta @ Mount Faber

Contract date	Area (sq ft)	Price ($)	Price ($ psf)
3-Aug-16	667	1,330,000	1,993
12-Feb-16	431	890,000	2,067

Source: URA, The Edge Property

Recent rental contracts for 400 sq ft to 500 sq ft units at The Foresta @ Mount Faber

Lease date	Monthly rent
	($)	($psf)
Sep-16	2,550	5.70
Sep-16	2,500	5.60
Aug-16	2,500	5.60
Aug-16	2,500	5.60

Source: URA, The Edge Property

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BELOW $1 MILLION The Foresta @ Mount Faber

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