A 1,130 sq ft, two-bedroom unit at East Coast Residences has been listed on TheEdgeProperty.com at $1,188,888, or $1,052 psf. The Edge Fair Value, a valuation tool on The EdgeProperty.com, puts the indicative value of the property at $1,142 psf.
The latest transaction in the project was in April, when a 1,001 sq ft unit was sold at $1,229 psf. Meanwhile, a 1,130 sq ft unit, which is the same size as the subject property, was last transacted in March 2011. The unit on the second floor fetched $1.3 million, or $1,150 psf.
East Coast Residences is a low-rise freehold apartment project on Upper East Coast Road, 500m from East Coast Park. The 59-unit development was completed in 2011. Schools in the vicinity include Temasek Primary School and Temasek Junior College.
There were five rental contracts for 1,000 to 1,200 sq ft units at East Coast Residences in 2015 and this year. Monthly rents for these contracts averaged $2,930, or $2.76 psf. For more information, call marketing agent Celine Kong at 9006 2525.
Recent transactions at East Coast Residences
Recent rental contracts for 1,000 to 1,200 sq ft units at East Coast Residences