BELOW $1 MILLION: Freehold one-bedder in Bukit Timah

[reporter2]

http://www.theedgeproperty.com.sg/co...er-bukit-timah

BELOW $1 MILLION: Freehold one-bedder in Bukit Timah

By Metta Lee / The Edge Property | June 8, 2016 9:00 AM MYT


A 634 sq ft one bedroom unit at Nineteen Shelford Road has been listed on TheEdgeProperty.com at $999,000 or $1,576 psf.

Nineteen Shelford Road is a freehold apartment in district 11. Completed in 1997, the 256-unit development is within 500m from Botanic Gardens MRT interchange and Tan Kah Kee MRT station of the Circle Line. It is also within 300m from Coronation Shopping Plaza.

Schools within a 1km radius include Raffles Girls' Primary School and Nanyang Primary School.

According to the listing, the unit is tenanted at $2,300 a month until May 2018. Based on the listing price of $999,000, the average rent translates into a potential gross rental yield of 2.8%

[bolster]

that area difficult to find tenant. That $$ is better off buying studio in Orchard area like Espada $920k or so....