Yahoo Finance BELOW $1 MILLION: Freehold apartment in Kallang
A 570 sq ft one-bedroom high-floor unit at De Centurion in Kallang is looking for buyer at $899,000, or $1,577 psf. According to the agent, the unit has a partial sea/city view.
In August 2014, another 570 sq ft unit on a lower floor was sold for $880,000, or $1,543 psf.
De Centurion is a freehold apartment on Tanjong Rhu Road. Completed in 2010, the 42 unit development is within 400m of East Coast Park. Schools within a 2km radius of the property include Kong Hua School and Tanjong Katong Primary.
There were six rental contracts for one-bedroom 500 to 600 sq ft units at De Centurion in 2015. Monthly rent averaged $2,460. Based on the listing price of $899,000 million, the average rent translates into a potential gross rental yield of 3.3%
Recent transactions at De Centurion
Contract date | Unit Size | Price ($) | Price ($ psf) |
|---|---|---|---|
April 22, 2016 | 775 | 1,140,000 | 1,471 |
February 16, 2016 | 1,044 | 1,388,000 | 1,329 |
June 19, 2015 | 1,044 | 1,410,000 | 1,350 |
September 18, 2014 | 775 | 1,120,000 | 1,445 |
August 22, 2014 | 570 | 880,000 | 1,543 |
Source: URA, The Edge Property
Recent rental contracts for 560 sq ft units at De Centurion
Lease date | Monthly Rent | |
|---|---|---|
($) | ($psf) | |
October 2015 | 2,300 | 4.20 |
August 2015 | 2,400 | 4.40 |
May 2015 | 2,800 | 5.10 |
May 2015 | 2,400 | 4.40 |
March 2015 | 2,400 | 4.40 |
January 2015 | 2,500 | 4.50 |
Source: URA, The Edge Property
Click here for more listings at De Centurion and nearby projects.
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