BELOW $1 MILLION: Freehold two-bedder in Telok Kurau

By Tan Chee Yuen / The Edge Property | November 23, 2016 11:19 AM SGT
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A 764 sq ft unit at Naturalis has been listed for sale on TheEdgeProperty.com at $950,000 ($1,243 psf).
Completed in 2011, Naturalis is a freehold 43-unit apartment on Lorong M Telok Kurau. It is located close to Joo Chiat area and East Coast Park. Schools within 1 km from the project include CHIJ (Katong) Primary, Haig Girls’ School and Tao Nan School.
In 2015, a 764 sq ft unit was sold for $950,000 ($1,243 psf) on Jan 20. The latest transaction saw a 517 sq ft unit sold for $585,000 ($1,132 psf) in May. In the past six months, there were four rental contracts for 600 sq ft to 700 sq ft units at Naturalis with an average monthly rent of $2,225. This translates to a potential gross rental yield of 2.8% based on the asking price.
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Recent transactions at Naturalis
Contract date
Area (sq ft)
Price ($)
Price ($ psf)
12-Apr-16
517
585,000
1,132
11-Apr-16
1,066
1,145,000
1,074
17-Feb-15
635
800,000
1,260
20-Jan-15
764
950,000
1,243
19-Jan-15
646
800,000
1,239
Recent rental contracts for 600 sq ft to 700 sq ft units at Naturalis
Lease date
Monthly rent
($)
($psf)
Jul-16
2,400
3.70
Jun-16
2,200
3.40
Jun-16
2,300
3.50
May-16
2,000
3.10

Source: URA, The Edge Property


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