A one-bedroom, 484 sq ft unit at The Urbanite is listed for sale at $815,000 or $1,684 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 three rental contracts for one-bedroom units sized from 400 to 500 sq ft this year. Monthly rent averaged $2,033, which translates into a potential gross rental yield of 3%.
Rental contracts for 400 to 500 sq ft units in 2016
Lease date
|
Monthly rent
| |
|---|---|---|
($)
|
($psf)
| |
Jul-16
|
2,000
|
4.4
|
Jun-16
|
2,000
|
4.4
|
Mar-16
|
2,100
|
4.7
|