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

By Tan Chee Yuen

/ The Edge Property |

November 30, 2016 3:38 PM SGT

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A 334 sq ft, one-bedroom unit at City Loft on Race Course Road has been listed on TheEdgeProperty.com at $568,000 or $1,701 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 four rental contracts for 300 to 400 sq ft units at City Loft in the past three months. Monthly rents averaged $1,725, which translates into a potential gross rental yield of 3.6% based on the asking price.

Recent transactions at City Loft

Contract date	Area (sq ft)	Price ($)	Price ($ psf)
21-Sep-16	420	620,000	1,477
19-Apr-16	323	627,000	1,942
13-May-15	366	630,000	1,721
12-Sep-14	355	620,000	1,745
15-May-14	366	633,000	1,730

Recent rental contracts for 300 to 400 sq ft units at City Loft

Lease date	Monthly rent
	($)	($psf)
Oct-16	1,800	5.10
Sep-16	1,700	4.90
Aug-16	1,600	4.60
Aug-16	1,800	5.10

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