BELOW $1 MILLION: Freehold two-bedder in Farrer Park

By Metta Lee
/ The Edge Property |
An 828 sq ft, two bedroom unit at City Loft on Race Course Road has been listed on TheEdgeProperty.com at $980,000 or $1,184 psf.
City Loft is a freehold apartment in district 8. Completed in 2012, the 40 unit development is within 400m from Farrer Park MRT station of the North-East Line and City Square Mall.
Schools within a 1km radius include Hong Wen School and Farrer Park Primary School.
There were three rental contracts for 700 to 800 sq ft units at City Loft in the past six months. Monthly rents averaged $2,550 or $3.40 psf. Based on the listing price of $980,000, the average rent translates into a potential gross rental yield of 3.1%. For more information, call marketing agent Irene Ang at 9183 0315.
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Recent transactions at City Loft
Contract date
Area (sq ft)
Price ($)
Price ($ psf)
April 19, 2016
323
627,000
1,942
May 13, 2015
366
630,000
1,721
September 12, 2014
355
620,000
1,745
May 15, 2014
366
633,000
1,730
May 12, 2014
420
635,000
1,513
March 31, 2014
344
613,000
1,780
May 22, 2013
840
993,000
1,183
January 30 , 2013
377
655,000
1,739

Source: URA, The Edge Property

Recent rental contracts for 700 to 800 sq ft units at City Loft
Lease date
Monthly Rent
($)
()
January 2016
2,450
3.30
December 2015
2,400
3.20
December 2015
2,800
3.70

Source: URA, The Edge Property


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