A 797 sq ft unit at Platinum Edge is looking for buyer at an asking price of $990,000 or $1,242 psf. According to the agent, Andros from ERA, the mid-floor unit is fully-furnished and in good condition.

Platinum Edge is a freehold apartment project, comprising 51 units at Leicester Road.  Completed in 2007, the property is within 300m from Potong Pasir MRT station. Schools within 1 km include Bendemeer Primary School and St. Andrew’s Junior School.

There were eight rental contracts involving two-bedroom units between 600 and 700 sq ft in Platinum Edge in 2015. Rents for these units averaged $2,775 per month. Based on the listing price of $990,000, the average rent translates to a potential gross rental yield of 3.4%.

The latest comparable transaction was in December 2013 when an 829 sq ft unit changed hands for $1.22 million or $1,472 psf.

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As we are not party to the contract between the client and agent, we are not able to verify information provided by the agent.

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