BELOW $1 MILLION: Freehold apartment in Tanjong Katong

By Tan Chee Yuen / The Edge Property | September 7, 2016 1:47 PM SGT
A one-bedroom, 570 sq ft unit at Bella Casita has been listed on TheEdgeProperty.com at $800,000, or $1,404 psf.
Bella Casita is a freehold apartment project on Ipoh Lane, off Tanjong Katong Road. The 57-unit development was completed in 2012. Schools within 1km from the property include Haig Girls’ School, Kong Hwa School and Tanjong Katong Primary School.
The latest transaction saw a 452 sq ft unit sold for $685,000, or $1,515 psf in January this year. There were five rental contracts for the past six months. Monthly rents averaged $2,040 which translates into a potential gross rental yield of 3.1% based on the asking price.
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For more information, call marketing agent Rick Yong at 9879 8096
Past transactions at Bella Casita
Contract date
Floor
Area (sq ft)
Price ($)
Price ($ psf)
4-Jan-16
Low
452
685,000
1,515
18-Nov-15
Mid
452
700,000
1,548
10-Apr-15
Mid
506
800,000
1,581
19-Aug-14
Low
463
720,000
1,556

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

Source: URA, The Edge Property

Rental contracts for 500 to 600 sq ft units for the past six months
Lease date
Monthly rent
($)
($psf)
July
2,000
3.60
June
2,000
3.60
April
2,200
4.00
March
2,100
3.80
March
1,900
3.50

Source: URA, The Edge Property