BELOW $1 MILLION: Three-bedder in Tanjong Pagar

By Metta Lee
/ The Edge Property |
An 850 sq ft, three bedroom unit at Spottiswoode Park has been listed on TheEdgeProperty.com at $768,000 or $904 psf.
Spottiswoode Park is a 99 year leasehold apartment in Tanjong Pagar. Originally built by the Port of Singapore Authority for its staff, 107 Spottiswoode Park is one of the four privatised HUDC blocks when the flats were handed over to HDB in 1979.
Schools within a 1km radius include Cantonment Primary School and CHIJ (Kellock).
There were nine rental contracts for 800 to 900 sq ft units at Spottiswoode Park in 2Q2016. Monthly rents averaged $2,900 or $3.41 psf. Based on the listing price of $768,000, the average rent translates into a potential gross rental yield of 4.5%, thus presenting an opportunity for yield-seeking investors.
Advertisement
For more information, call marketing agent Jason Goh at 9848 3250.
Recent transactions at Spottiswoode Park
Contract date
Area (sq ft)
Price ($)
Price ($ psf)
February 12, 2016
1,313
800,000
609
December 8, 2015
850
743,000
874
October 20, 2015
1,270
800,000
630
September 3, 2015
1,270
938,000
738
January 23, 2015
850
720,000
847

Source: URA, The Edge Property

Recent rental contracts for 800 to 900 sq ft units at Spottiswoode Park
Lease date
Monthly rent
($)
()
May 2016
2,900
3.40
May 2016
2,800
3.30
May 2016
3,000
3.50
April 2016
2,900
3.40
April 2016
3,300
3.90
April 2016
2,700
3.20
April 2016
2,900
3.40
April 2016
2,600
3.10
April 2016
3,000
3.50

Source: URA, The Edge Property


Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More