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BELOW $1 MILLION: Freehold shoebox unit in River Valley

By Tan Chee Yuen

/ The Edge Property |

September 14, 2016 1:40 PM SGT

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A 388 sq ft one-bedroom unit at Loft @ Nathan is looking for buyers on TheEdgeProperty.com at $810,000, or $2,088 psf.

Loft @ Nathan is a freehold 121-unit apartment project in prime district 10. The development was jointly developed by Oxley Holdings Limited and DB2 Group, and completed in 2014. Schools within 1km from the property include Alexandra Primary School and River Valley Primary School. Nearby malls include Valley Point Shopping Centre and Great World City.

The latest transaction at Loft @ Nathan involved a 323 sq ft unit which changed hands for $685,000, or $2,121 psf in June this year. Monthly rents for 300 sq ft to 400 sq ft units averaged $2,200 based on five rental contracts in the past six months. This translates into a potential gross rental yield of 3.3% based on the asking price.

For more information, call marketing agent Qi Jun (Boey) at 9694 0883

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