Urban Lofts

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

  1
 0
 0

Sale Price *

Average
S$ 1,294 psf
Range
S$ 1,232 - 1,355 psf

Rental Price **

Average
S$ 5.6 psf pm
Range
S$ 4.1 - 7.3 psf pm

Rental Yield **

5.2%

Rental income expressed as a percentage of the property's value.

Amenities

3.9
3.9

Convenience

4.2
4.2

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
Urban Lofts is a freehold apartment completed in 2010. It is developed by ASCENDER CAPITIAL PTE LTD. The development occupies a land area of 136 sqm and a Gross Floor Area of 409 sqm. It consists of 46 units. According to records, buyers of this development are Singaporean 77.7%, PR 14.9%, Foreigner 7.4%, Company 0.0%.

URBAN LOFTS is located along Rangoon Road in Kallang, in District 8. It is accessible through the nearest MRTs including Farrer Park NE8 and Jalan Besar DT22.

Based on transaction data in the last 12 months, sale prices range from S$ 1,232 psf to S$ 1,355 psf at an average of S$ 1,294 psf. Its highest recorded transaction was S$ 1,763 psf in May 2012 for a 420-sqft unit. Its lowest recorded transaction was S$ 869 psf in Sep 2008 for a 1,367-sqft unit. Its current rental yield is at 5.2%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, PAN PACIFIC INTERNATIONAL HOLDINGS PTE. LTD., NTUC FAIRPRICE CO-OPERATIVE LTD, and 3 Shopping Mall(s): SERANGOON PLAZA, CITY SQUARE MALL, MUSTAFA CENTRE.

Buyers and tenants are attracted to District 8, which includes Farrer Park, Little India and the area around Serangoon Road. A large proportion of Little India and Farrer Park’s properties are shophouses zoned as commercial/residential, with commercial on the ground floor and homes or apartments above. The area around Serangoon MRT is particularly well served by public transport as Serangoon MRT is an interchange between the Circle Line and North-East Line, and it is also connected to the Serangoon Bus Interchange. Additionally, Little India MRT has links to both the North-East Line and Downtown Line. The large numbers of shophouses in District 8 offers a quaint and unique boutique experience to discerning shoppers looking for a break from the generic, sprawling malls. The district's shophouses are becoming increasingly popular as investment properties, too, especially to investors looking to benefit from their relative scarcity in Singapore and their proximity to the Downtown Core.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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4
"Easy to eat, suitable for many people when going out, picnik ... the price is quite cheap."
C**** T*** H***
Google Review     |   19 Feb 2021
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

Within 500m

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SchoolSchool
Eat & ShopEat & Shop
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Floor Plans
89
2
1

URBAN LOFTS - 89 - 2 - 1

Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of URBAN LOFTS (Limited to 10)

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Date
Area(sqft)
Bedrooms
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

Asking Price of URBAN LOFTS

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
Link
0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of URBAN LOFTS

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven
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Listings

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thumb-images
10
$1,780,000
  • 39% Rental Volume

  • 2 beds
  • 2 baths
  • Condominium
  • D8
  • 2010
  • Freehold
  • S$ 1,490 psf
  • Rangoon Road
Yen Neo L Y
send_enquiry
thumb-images
10
$1,788,000
  • 39% Rental Volume

  • 3 beds
  • 2 baths
  • Condominium
  • D8
  • 2010
  • Freehold
  • S$ 1,500 psf
  • Rangoon Road
Yen Neo L Y
send_enquiry
thumb-images
10
$1,780,000
  • 39% Rental Volume

  • 3 beds
  • 2 baths
  • Condominium
  • D8
  • 2010
  • Freehold
  • S$ 1,490 psf
  • Rangoon Road
Zan Sim
send_enquiry

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FAQs about URBAN LOFTS

What is the nearest MRT Station to URBAN LOFTS ?
The nearest MRT Station from URBAN LOFTS is Farrer Park NE8 MRT

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