A 667 sq ft one-bedroom unit at Beacon Heights is looking for buyer on TheEdgeProperty.com at $860,000, or $1,289 psf.
Beacon Heights is a 999-year-leasehold condominium located at Mar Thoma Road. The 212-unit development was completed in 2012. Schools within 1km from the property include Bendemeer Primary School, Hong Wen School and St. Andrew’s Junior School.
The latest comparable transaction took place in July 2015 when a 667 sq ft unit was snapped up at $865,000, or $1,296 psf. In 2H2015, there were eight rental contracts for 600 to 700 sq ft units. Monthly rent averaged $2,338, or $3.59 psf, which translates into a potential gross rental yield of 3.3%.
Past transactions of 667 sq ft units at Beacon Heights
Rental contracts for 600 to 700 sq ft units in 2H2015
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