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BELOW $1 MILLION: Freehold two-bedder in Telok Kurau
By Tan Chee Yuen | November 23, 2016
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A 764 sq ft unit at Naturalis has been listed for sale on TheEdgeProperty.com at $950,000 ($1,243 psf).

Completed in 2011, Naturalis is a freehold 43-unit apartment on Lorong M Telok Kurau. It is located close to Joo Chiat area and East Coast Park. Schools within 1 km from the project include CHIJ (Katong) Primary, Haig Girls’ School and Tao Nan School.

In 2015, a 764 sq ft unit was sold for $950,000 ($1,243 psf) on Jan 20. The latest transaction saw a 517 sq ft unit sold for $585,000 ($1,132 psf) in May. In the past six months, there were four rental contracts for 600 sq ft to 700 sq ft units at Naturalis with an average monthly rent of $2,225. This translates to a potential gross rental yield of 2.8% based on the asking price.

 

Recent transactions at Naturalis



 

Recent rental contracts for 600 sq ft to 700 sq ft units at Naturalis

Source: URA, The Edge Property

 


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