Five-bedder at Pandan Valley clocks price gain of $3.2 mil

The 4,585 sq ft device altered hands on Aug 3 for $5.1 million (or $1,112 psf), based on cautions lodged. Situated on the 8th floor, the device was formerly purchased at $1.9 million (or $410 psf) more than 25 years back, in May 1997. With over 1,000 units in complete and also the sheer land dimension of over one million sq feet, the development has actually undertaken three en bloc attempts, with the most current effort being in 2021. The 11th-floor device was formerly bought for $3.826 million in July 2007, at the elevation of the last residential or commercial property boom. The device was last purchased for $5.232 million ($2,443 psf) when the project was launched in 2006.

Finished in 1979 with an overall of 605 units, the 14-storey estate condo was established by the former DBS Realty (currently CapitaLand). Pandan Valley is located near Pine Grove (Parcel A), a 242,564 sq feet, 99-year leasehold government land sale (GLS) site that was sold to a joint endeavor between UOL Group as well as Singapore Land Group for $671.5 million ($ 1,318 psf per story ratio) in June.

Created by Wing Tai Holdings, the property advancement was completed in 2011 with an overall of 140 units. Situated in the Cairnhill territory in prime District 9, it remains in the area of the Orchard Road buying belt. Newton MRT Interchange Station for the North-South and Downtown Lines is located close by.

For the week of July 26 to Aug 2, an additional three-bedroom apartment at Helios Residences, a larger 1,668 sq ft unit on the nine floor, was cost $3.7 million ($2,218 psf), according to a caveat lodged in July. The system had fetched over $4.9 million ($2,948 psf) in July 2011.

A four-bedroom device at St Regis Residences determining 2,142 sq ft was cost $5 million on Aug 5.
The second most unprofitable offer took place at St Regis Residences. Created jointly by Hong Leong Holdings, City Developments as well as Japanese residential or commercial property team Mitsui Fudosan, the 999-year leasehold advancement is made up of 173 high-end houses as well as the 299-key St Regis Hotel Singapore.

The 4,585 sq ft unit transformed hands on Aug 3 for $5.1 million (or $1,112 psf), based on cautions lodged. Located on the 8th flooring, the unit was previously purchased at $1.9 million (or $410 psf) even more than 25 years earlier, in May 1997.

A three-bedroom system at Mandarin Gardens was sold on Aug 2 and enjoyed a gain of $1.5 million
With over 1,000 units in complete as well as the sheer land dimension of over one million sq ft, the growth has undergone 3 en bloc efforts, with the most recent effort remaining in 2021. Siglap MRT Station on the Thomson-East Coast Line, slated for conclusion in 2024, will be a five- to 10-minute walk away. Next door is the 843-unit, 99-year leasehold Seaside Residences by Frasers Property that is fully offered and also completed in 2021.

The 1,572 sq ft, three-bedroom system at Mandarin Gardens was sold on Aug 2 for $2.1 million (or $1,349 psf). It had formerly changed hands for $575,000 (or $366 psf), equating to a funding gain of $1.545 million or 269%.

Marina Gardens Lane Residences Project Details

An 11th-floor unit at Helios Residences was sold for $3 million (or $2,284 psf) on Aug 5, mirroring a 21.6% markdown after a 15-year holding duration.

The 2nd most successful deal of the week took place at Mandarin Gardens. Completed in 1986, the 99-year leasehold condominium is situated off Siglap Road in the Marine Parade location in District 15.

The unit that altered hands just recently at St Regis Residences was a 2,142 sq ft, four-bedroom system on the 17th flooring. It was cost $5 million (or $2,334 psf) on Aug 5. When the task was introduced in 2006, the system was last purchased for $5.232 million ($2,443 psf).

The most unlucrative deal was for a 1,313 sq ft, three-bedroom device at Helios Residences. The 11th-floor unit was formerly bought for $3.826 million in July 2007, at the height of the last home boom.

The 4,585 sq ft, five-bedroom unit at Pandan Valley altered hands on Aug 3 for $5.1 million