An 829 sq ft, one bedroom unit at The Waterline on Poh Huat Road West has been listed on TheEdgeProperty.com at $888,000 or $1,071 psf. The unit is selling below its 2010 purchase price.
The Waterline is a freehold condominium in Serangoon. Completed in 2013, the 103-unit mid-rise development is within a 1km radius include Rosyth School and Xinmin Primary School. International schools in the vicinity Lycee Francais De Singapour, Hillside World Academy and DPS International School.
There were two rental contracts for 800 to 900 sq ft one-bedroom units at The Waterline from in the past two years. Monthly rents for these contracts averaged $2,200 or $2.60 psf. Based on the listing price of $888,000, the average rent translates into a potential gross rental yield of 3.0%. For more information, call marketing agent Peter Loh at 8383 8300.
Recent transactions at The Waterline
Recent rental contracts for 800 to 900 sq ft one-bedroom units at The Waterline