BELOW $1 MILLION: One-bedder in Pasir Panjang
A 377 sq ft, one-bedroom unit at Viva Vista is up for sale at $630,000 ($1,671 psf) on TheEdgeProperty.com.
A five-storey mixed-use development along South Buona Vista Road, Viva Vista has 144 apartments on the second to fifth levels and 106 shops on the first and basement levels. The freehold project was developed by Oxley Holdings and completed in 2014.
The latest transaction saw a 388 sq ft unit sold for $590,000 ($1,523 psf) on August 26. According to URA data, there were five rental contracts for 300 sq ft to 400 sq ft units in October with an average monthly rent of $2,170. This translates into a potential gross rental yield of 4.1% based on the asking price.
Recent transactions at Viva Vista
Contract date | Area (sq ft) | Price ($) | Price ($ psf) |
|---|---|---|---|
26-Aug-16 | 388 | 590,000 | 1,523 |
13-Jun-16 | 484 | 642,000 | 1,325 |
26-Feb-16 | 420 | 585,000 | 1,394 |
Source: URA, The Edge Property
Recent rental contracts for 300 sq ft to 400 sq ft units at Viva Vista
Lease date | Monthly rent | |
|---|---|---|
($) | ($psf) | |
Oct-16 | 2,150 | 6.10 |
Oct-16 | 2,600 | 7.40 |
Oct-16 | 1,950 | 5.60 |
Oct-16 | 2,050 | 5.90 |
Oct-16 | 2,100 | 6.00 |
Source: URA, The Edge Property
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