BELOW $1 MILLION: 999-year-leasehold apartment near Whampoa

By Tan Chee Yuen / The Edge Property | August 31, 2016 11:14 AM SGT
A one-bedroom-plus-study, 797 sq ft unit at Vetro is looking for buyers on TheEdgeProperty.com at $800,000, or $1,004 psf.
Vetro is a 999-year-leasehold apartment located at Mar Thoma Road. The 32-unit development was completed in 2010. Schools within 1km from the property include Bendemeer Primary School, Hong Wen School and St. Andrew’s Junior School.
The latest transaction took place in January this year when a 614 sq ft unit was sold for $730,000 or $1,190 psf. There were two rental contracts for 600 to 700 sq ft units for the past three months. Monthly rent averaged $2,000, or $3.10 psf, which translates into a potential gross rental yield of 3.0%, based on the asking price.
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For more information, call marketing agent Chester Su at 8383 1181
Past transactions at Vetro
Contract date
Floor
Area (sq ft)
Price ($)
Price ($ psf)
13-Jan-16
Mid
614
730,000
1,190
6-Mar-15
Low
614
770,000
1,255
2-Feb-15
Mid
614
755,000
1,231

*Low floors: L1 to 7, Mid floors: L8 to 15, High floors: L16 & above

Source: URA, The Edge Property

Rental contracts for 600 to 700 sq ft units for the past three months
Lease date
Monthly rent
($)
($psf)
Jun-16
2,000
3.10
Jun-16
2,000
3.10

Source: URA, The Edge Property