BELOW $1 MILLION: Freehold apartment near Farrer Park

By Metta Lee
/ The Edge Property |
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A 560 sq ft one-bedroom unit at Studios @ Marne is looking for buyer at $780,000, or $1,393 psf on TheEdgeProperty.com.
Studios @ Marne is a freehold apartment project is located within 250m from City Square Mall and Farrer Park MRT station of the North-East-Line. The 46-unit development was completed in 2010. Schools within 1 km include Stamford Primary School, Farrer Park Primary and Hong Wen Primary School, while schools within 2 km include School of the Arts, Nanyang Academy of Fine Arts and Singapore Management University.
From September 2015 to date, there has been eight rental contracts for one-bedroom 500 to 600 sq ft units at Studios @ Marne. The monthly rents average $2,260, or $4.12 psf, which translates into a potential gross rental yield of 3.48%.
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Historical transactions of 500 to 600 sq ft units at Studios @ Marne
Contract date
Area (sq ft)
Price ($)
Price ($ psf)
Feb 2, 2016
592
900,000
1,520
Nov 7, 2014
517
780,000
1,510
Mar 28, 2013
517
760,000
1,471
Mar 14, 2013
570
666,900
1,169

Source: URA, The Edge Property

Recent rental contracts for 500 to 600 sq ft units at Studios @ Marne
Lease date
Monthly Rent
($)
()
Nov-15
2,200
4.00
Oct-15
1,800
3.30
Oct-15
2,100
3.80
Sep-15
2,200
4.00
Sep-15
3,000
5.50
Sep-15
2,100
3.80
Sep-15
2,150
3.90
Sep-15
2,200
4.00

Source: URA, The Edge Property

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