Four-bedder at Beverly Hill clocks $2.8 mil profit in six years
The 3,778 sq ft system changed hands on July 28 for $8.9 million (or $2,367 psf), based on caveats lodged. The 18th-floor unit at the estate condominium was previously bought at $6.1 million (or $1,615 psf) in June 2016. Thus, the owner gained a capital gain of $2.8 million, or 47%, after a holding duration of just six years.
The second most unlucrative bargain occurred at Reflections at Keppel Bay. Developed by Keppel Land, the 99-year leasehold deluxe condo was completed in 2011. Created by globally acclaimed architect, David Libeskind, the advancement is recognized for the rounded mirrored exterior of its 6 towers.
The deal took place for a three-bedroom, first-floor device of the waterfront rental properties, determining 1,281 sq ft. It was sold for $1.9 million (or $1,468 psf) on July 26. The device was last bought for $2.4 million (or $1,892 psf). This equates to a loss of $0.5 million, or 22%.
The 3,778 sq ft device transformed hands on July 28 for $8.9 million (or $2,367 psf), based on caveats lodged. The 18th-floor device at the freehold condominium was formerly bought at $6.1 million (or $1,615 psf) in June 2016.
Popular with migrants and citizens, numerous colleges are located in the location, consisting of the Canadian International School (Tanjong Katong Campus), Etonhouse International School (Broadrick), Tanjong Katong Primary and Secondary School, Tanjong Katong Girls’ School and also Chung Cheng High School.
The 1,572 sq ft, three-bedroom unit was sold on July 29 for $3.2 million (or $2,017 psf). It had actually previously changed hands for $1.3 million (or $799 psf) in June 2006, converting to a gain of $1.9 million or an annualised profit of 6% over 16 years.
The home at Beverly Hill changed hands on July 28 for $8.9 million (or $2,367 psf).
A three-bedroom villa unit on the first flooring of Reflections at Keppel Bay videotaped a loss of $0.5 million, or 22%.
The transaction took place for a three-bedroom, first-floor device of the waterfront villas, gauging 1,281 sq ft. It was sold for $1.9 million (or $1,468 psf) on July 26. The unit was last acquired for $2.4 million (or $1,892 psf).
The most unprofitable offer of the week took place at a ninth-floor home at Helios Residences which noted a loss of $1.2 million, or 25% (Credit: Samuel Isaac Chua/ The Edge Singapore).
The ninth-floor apartment or condo at Helios Residences was cost $3.7 million (or 2,218 psf) on July 28. It was formerly bought for $4.9 million (or $2,948 psf) in July 2011, noting a loss of $1.2 million (or 25%) over 11 years.
Situated on Grange Road in District 10, the store condo was constructed in 1983 with a total of 88 systems. The Orchard Boulevard MRT Station on the Thomson-East Coast Line, slated to be operational by late this year, lies within a five-minute stroll from the development. Throughout the roadway is the One Tree Hill enclave, with private residences such as the Orchard Bel Air, which was just recently set up for collective sale, and also One Tree Hill Residence. Various other amenities consist of the Zion Food Centre and Great World City.
The 2nd most successful offer of the week took place at One Amber. Completed in 2010, the estate condo is located at Amber Gardens in the Marine Parade area and also has an overall of 562 devices. The closest MRT terminal– Tanjong Katong MRT terminal on the East-West Line– as well as East Coast Park are a few minutes’ leave.
The most unlucrative deal was for a 1,668 sq ft, three-bedroom apartment at Helios Residences. Created by Wing Tai Holdings, the freehold development was finished in 2011 with a total of 140 systems.
An 1,572 sq ft, three-bedroom system at One Amber was sold on July 29 at a $1.9 million revenue.