A 1,313 sq ft mid-floor unit in Cyan, a freehold condominium in prime district 10, is looking for buyer at an indicative price of $2.75 million or $2,094 psf. The price is listed as negotiable on TheEdgeProperty.com.
In December 2014, a larger unit on 15th floor spanning 1,528 sq ft were sold at $2,087 psf. Separately, a 1,464 sq ft unit on 18th floor found buyer at $2,109 psf in June last year.
Historical transactions at Cyan
The subject property’s asking price of $2,094 psf is a slightly higher than 2011 levels which averaged $2,051 psf for similar-sized units located between 13th and 17th floor.
Cyan is a 278-unit freehold condominium on Keng Chin Road, developed by Far East Organization and completed in 2014. Schools within 1 km of the property include Singapore Chinese Girls’ Primary School, and Anglo-Chinese School (Primary).
Cyan is a 278-unit freehold condo on Keng Chin Road, developed by Far East Organization and completed in 2014
There were nine rental contracts involving two-bedroom units between 1,000 and 1,200 sq ft in Cyan in 2H2015. Rents for these units averaged $4,944 per month. Based on the listing price of $2.75 million, the average rent translates to a potential gross rental yield of 2.2%.
Recent rental transactions of 1,000 to 1,200 sq ft two-bedroom units at Cyan
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This article appeared in The Edge Property Pullout, Issue 705 (November 30, 2015) of The Edge Singapore.