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BELOW $1 MILLION: Freehold one-bedder in Farrer Park

Tan Chee Yuen

/ The Edge Property

February 15, 2017 12:52 PM SGT

propertyeditor@edgeprop.sg

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A 484 sq ft, one-bedroom unit at The Urbanite is listed for sale at $688,888 ($1,423 psf).

Completed in 2014, The Urbanite is a freehold apartment located on Hertford Road, about 500m from Farrer Park MRT station of the North-East Line. Schools located within 1km include Anglo-Chinese School (Junior), Farrer Park Primary School and St Joseph’s Institution Junior.

There were four rental contracts for one-bedroom units sized from 400 to 500 sq ft in 4Q2016. Monthly rent averaged $2,025, which translates into a potential gross rental yield of 3.5%.

The latest transaction saw a 517 sq ft unit changed hands for $750,000 ($1,452 psf).

Recent transaction at The Urbanite

Contract date	Area (sq ft)	Price ($)	Price ($ psf)
22-Jun-16	517	750,000	1,452

Source: URA, The Edge Property

Recent rental contracts for 400 to 500 sq ft units at The Urbanite

Lease date	Monthly rent
	($)	($psf)
Dec-16	2,000	4.40
Oct-16	2,000	4.40
Oct-16	2,000	4.40
Oct-16	2,100	4.70

Source: URA, The Edge Property

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