A 334 sq ft, one-bedroom unit at City Loft on Race Course Road continues to be listed on TheEdgeProperty. com at $568, 000 or $1, 701 psf.
City Loft is a freehold apartment in district 8. Completed in 2012, the 40-unit development is within 400m from Farrer Park MRT station from the North-East City and Collection Square Mall. Schools within a 1km radius include Hong Wen Farrer and School Park Primary School.
There were four rental contracts intended for 300 to 400 sq ft models at City Loft in the past three months. Monthly rents averaged $1, 725, which translates into a potential gross rental yield of 3. 6% based on the asking price.