Yahoo Finance BELOW $1 MILLION: Freehold one-bedder in Balestier
A 506 sq ft, one-bedroom unit at Nova 88 is looking for buyers on TheEdgeProperty.com at $785,000, or $1,551 psf.
Nova 88 is a freehold apartment located along Bhamo Road, off Balestier Road. Completed in 2012, the development comprises 88 units. It is located within 200m from Shaw Plaza. Schools within 1km from the property include Hong Wen School and St Joseph’s Institution Junior.
Monthly rents averaged $2,163 based on four rental contracts in the past six months. This translates into a potential gross rental yield of 3.3% based on the asking price.
For more information, call marketing agent Raymond Lim at 9138 8805.
Past transactions at Nova 88
Contract date | Area (sq ft) | Price ($) | Price ($ psf) |
|---|---|---|---|
30-Jul-15 | 1,249 | 1,450,000 | 1,161 |
2-Jun-15 | 624 | 905,000 | 1,450 |
16-Mar-15 | 603 | 870,000 | 1,443 |
Source: URA, The Edge Property
Past rental contracts for 500 sq ft to 600 sq ft units at Nova 88
Lease date | Monthly rent | |
|---|---|---|
($) | ($psf) | |
Aug-16 | 2,800 | 5.10 |
Jul-16 | 1,800 | 3.30 |
May-16 | 2,000 | 3.60 |
Apr-16 | 2,050 | 3.70 |
Source: URA, The Edge Property
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