A 560 sq ft, one bedroom unit at Citylights has been listed on TheEdgeProperty.com at $918,000, or $1,639 psf.
The development’s latest similar transaction was in April 2016, when another 560 sq ft unit changed hands for $930,000, or $1,662 psf.
Citylights is a 99 year leasehold condominium located on Jellicoe Road. Completed in 2007, the 600 unit development is across the road from Lavender MRT station of the East West Line. Schools within a 1km radius include Stamford Primary School.
In 2016, there were 15 rental contracts for 500 - 600 sq ft units at Citylights. Monthly rents for these contracts averaged $3,183. Based on the listing price of $918,000, the average rent translates into a potential gross rental yield of 4.2%.
Recent transactions for 560 sq ft units at Citylights
Recent rental contracts for 500 to 600 sq ft units at Citylights
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