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Deal Watch

BELOW $1 MILLION: Freehold apartment in Balestier

By Tan Chee Yuen

/ The Edge Property |

January 13, 2016 4:55 PM SGT

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A 710 sq ft freehold unit at Casa Fortuna is listed on TheEdgeProperty.com at $ 958,888, or $1,351 psf.

Casa Fortuna is a freehold apartment development at Ah Hood Road that was completed in 2011. The 106-unit project is located within 500m from Toa Payoh MRT station of the North-South Line. Schools within 1km from the property include Balestier Hill Primary School and CHIJ Primary (Toa Payoh).

In the past six months, there were three rental contracts for units measuring between 700 and 800 sq ft. Monthly rent averaged $2,716, or $3.60 psf, which translates into a potential rental yield of 3.4% based on the listing price of $958,888.

There were two transactions in 2015, involving 1,076 sq ft and 506 sq ft units, which changed hands at $1.14 million ($1,057 psf) and $738,000 ($1,459 psf) respectively.

Looking for affordable homes in Balestier? Click here to start browsing!

Editor: To real estate agents – if you have secured an interesting listing recently, we would love to hear from you! Contact us at propertyeditor.sg@bizedge.com

As we are not party to the contract between the client and agent, we are not able to verify information provided by the agent.

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