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BELOW $1 MILLION: Freehold two-bedder in Balestier

By Metta Lee

/ The Edge Property |

May 11, 2016 10:00 AM SGT

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A 797-sq ft, two-bedroom unit at Bliss Loft has been listed on TheEdgeProperty.com at $890,000, or $1,117 psf.

Bliss Loft is a 48-unit freehold apartment located on Kim Keat Close, which was completed in 2012. Amenities in the vicinity include Shaw Plaza and Tan Tock Seng Hospital.

Schools within a 1 km radius include Balestier Hill Primary School, Balestier Hill Secondary School and St Joseph Institution (Junior).

For the past six months, there were three contracts for 700 to 800 sq ft units in Bliss Loft. Monthly rents for these contracts averaged $2,750, or $3.67 psf, which translates into a potential gross rental yield of 3.7% based on the asking price of $890,000.

Recent transactions at Bliss Loft

Contract date	Unit size	Price ($)	Price ($ psf)
January 21, 2016	829	860,000	1,038
October 5, 2015	452	650,000	1,438
November 25, 2014	786	950,000	1,209

Source: URA, The Edge Property

Recent rental contracts for 700 to 800 sq ft units at Bliss Loft

Lease start date	Monthly Rent	Monthly Rent (psf)
January 2016	2,500	3.30
December 2015	3,200	4.30
November 2015	2,550	3.40

Source: URA, The Edge Property

Click here for more listings at Bliss Loft and nearby projects.

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