BELOW $1 MILLION: Freehold apartment on Serangoon Road

A 409 sq ft, one-bedroom unit at Regent Residences is looking for buyers at $700,000 ($1,712 psf). Completed in 2015, Regent Residences is a 180-unit freehold project located about 600m from the Boon Keng MRT station.
Last May saw a 409 sq ft mid-floor unit changed hands for $725,000 ($1,772 psf). In 2016, prices averaged $1.05 million ($1,345 psf) for six transactions of two-bedroom units sized from 689 to 861 sq ft. The most recent transaction was that of a 1,615 sq ft unit that fetched $1.70 million ($1,053 psf) in Feb.
Since last October, monthly rents have averaged $2,000 for 400 to 500 sq ft units at the development. That translates to a gross rental yield of 3.4% based on the asking price.
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Recent transactions at Regent Residences
Contract date
Area (sq ft)
Price ($ mil)
Price ($ psf)
Feb 10, 2017
1,615
1.700
1,053
Nov 9, 2016
861
1.125
1,306
Oct 6, 2016
689
0.925
1,343
Aug 10, 2016
818
1.090
1,332
Jun 20, 2016
807
1.100
1,363

Source: URA, The Edge Property

Recent rental contracts for 400 to 500 sq ft units at Regent Residences
Lease date
Monthly rent
($)
($psf)
Jan 2017
2,050
4.60
Dec 2016
2,000
4.40
Dec 2016
2,000
4.40
Nov 2016
1,950
4.30
Oct 2016
2,100
4.70
Oct 2016
1,900
4.20

Source: URA, The Edge Property

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