>

DEAL WATCH: Freehold two-bedroom unit in Bedok selling at $1,052 psf

By Metta Lee

/ The Edge Property |

June 22, 2016 5:07 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

A 1,130 sq ft, two-bedroom unit at East Coast Residences has been listed on TheEdgeProperty.com at $1,188,888, or $1,052 psf. The Edge Fair Value, a valuation tool on The EdgeProperty.com, puts the indicative value of the property at $1,142 psf.

The latest transaction in the project was in April, when a 1,001 sq ft unit was sold at $1,229 psf. Meanwhile, a 1,130 sq ft unit, which is the same size as the subject property, was last transacted in March 2011. The unit on the second floor fetched $1.3 million, or $1,150 psf.

East Coast Residences is a low-rise freehold apartment project on Upper East Coast Road, 500m from East Coast Park. The 59-unit development was completed in 2011. Schools in the vicinity include Temasek Primary School and Temasek Junior College.

There were five rental contracts for 1,000 to 1,200 sq ft units at East Coast Residences in 2015 and this year. Monthly rents for these contracts averaged $2,930, or $2.76 psf. For more information, call marketing agent Celine Kong at 9006 2525.

Recent transactions at East Coast Residences

Contract date	Unit size	Price ($)	Price ($ psf)
April 20, 2016	1,001	1,230,000	1,229
December 15, 2015	1,023	1,300,000	1,271
November 23, 2015	1,023	1,195,000	1,169

Source: URA, The Edge Property

Recent rental contracts for 1,000 to 1,200 sq ft units at East Coast Residences

Lease commencement date	Unit size	Monthly Rent
		($)	()
March 2016	1,000 to 1,100	2,700	2.60
November 2015	1,100 to 1,200	2,800	2.40
June 2015	1,000 to 1,100	3,000	2.90
February 2015	1,000 to 1,100	3,000	2.90
February 2015	1,000 to 1,100	3,150	3.00

Source: URA, The Edge Property

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

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.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.