DEAL WATCH: Freehold condo in district 10 selling at $1,481 psf
By Tan Chee Yuen
/ The Edge Property |
A 1,249 sq ft pool-facing unit at The Equatorial on Stevens Road is listed on TheEdgeProperty.com at $1.85 million, or $1,481 psf. The Edge Fair Value, a valuation tool on TheEdge-Property.com, puts the indicative value of the property at slightly above $1,500 psf.
The latest transaction in the development was in July 2015, when a 1,249 sq ft unit on the second floor fetched $1.88 million, or $1,506psf. Another transaction was that of a 1,378 sq ft unit on the fourth floor, which was sold for $2.05 million or $1,488 psf in January 2015.The asking price bears a resemblance to2010/11 levels. In September 2010, a 1,249 sq ft unit on the sixth floor changed hands for$1.76 million, or $1,410 psf.
The Equatorial is a freehold condominium completed in 2001. The 95-unit development is located within 200m of Stevens MRT station of the Downtown Line. Singapore Chinese Girls’ Primary School is located within 1km of the property and those within 2km include Anglo-Chinese School (Primary) and Nanyang Primary School.
Last July, a 1,249 sq ft unit at The Equatorial fetched $1.88 million, or $1,506 psf. Click here for more listings at The
Equatorial and nearby projects.
Last year, there were four rental contracts for three-bedroom units measuring between 1,300 and 1,400 sq ft at The Equatorial. Monthly rents for these contracts averaged $4,300, or $3.18 psf.
This article appeared in The Edge Property Pullout, Issue 719 (March 14, 2016) of The Edge Singapore.
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