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BELOW $1 MILLION: Freehold apartment near Farrer Park
By Metta Lee | March 30, 2016

A 560 sq ft one-bedroom unit at Studios @ Marne is looking for buyer at $780,000, or $1,393 psf on TheEdgeProperty.com.

Studios @ Marne is a freehold apartment project is located within 250m from City Square Mall and Farrer Park MRT station of the North-East-Line. The 46-unit development was completed in 2010. Schools within 1 km include Stamford Primary School, Farrer Park Primary and Hong Wen Primary School, while schools within 2 km include School of the Arts, Nanyang Academy of Fine Arts and Singapore Management University.

From September 2015 to date, there has been eight rental contracts for one-bedroom 500 to 600 sq ft units at Studios @ Marne. The monthly rents average $2,260, or $4.12 psf, which translates into a potential gross rental yield of 3.48%.

Historical transactions of 500 to 600 sq ft units at Studios @ Marne

Source: URA, The Edge Property



Recent rental contracts for 500 to 600 sq ft units at Studios @ Marne

Source: URA, The Edge Property

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