Three-bedder located at Vue 8 Residence is on the market for $1.13 million

A three-bedroom apartment located at Vue 8 Residence The property, which is located along Pasir Ris Heights, in District 18, will be offered for auction for $1.13 million ($1,094 per sq. ft.) the 23rd of June as per Edmund Tie the company that is managing the auction for the bank.
The area is 1,033 square feet. it is located at the top of the building’s fourth level in the 99 year leasehold. It’s located in a corner and is sunny and airy According to Joy Tan, head of auctions as well as sales for Edmund Tie. Since it’s “well-kept, investors will not need to spend much money on renovations” she adds.
The two bedrooms in the common area are located near the pool of the condo and the living space offers views of the courtyard, claims Tan.
The unit was sold on August 15, in 2015 for $965,000 ($934 per sqf) in accordance with the caveats filed with URA.
Similar-sized units within The development were able get rents of $2,600 to $3250 per month, according to URA conditions.
So so far, Edmund Tie has received “healthy levels of enquiries” for the unit, according to Tan. “Investors will be keen on this unit as they are able to target the pool of tenants working in Changi Airport or Changi Business Park, hence the potential rental yields and gains [will] be higher.”
The agent notes that prospective tenants may also be families with children since the property is in close proximity to several schools. It is located next to Overseas Family School, and just 1km away from Park View Primary School, Meridian Primary School and Elias Park Primary School.
The unit is also a possibility for capital appreciation, as the next Elias MRT Station, which is set for opening in 2032 , along the Cross Island Line, is just a few steps away from the development, according to Tan.
Vue 8 Residence offers full condo amenities including an indoor clubhouse, with a function room 50m lap pool Jacuzzi, fitness center tennis court, barbecue area yoga deck, and an aqua fitness center.
The development is just four minutes by automobile in the direction of Pasir Ris MRT Station on the East-West Line, as well as White Sands shopping mall. It’s a 10 minute stroll up to Pasir Ris Beach Park.
The most recent deal on the market at Vue 8 Residence took place on May 28 when a 1,346 square foot apartment located on the 5th floor sold for $1.49 million ($1,107 per sq ft). On March 30 an 1,033 sq-ft unit located on 9th level was sold for $1.17 million ($1,132 per square foot).

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