Four-bedder at Beverly Hill clocks $2.8 mil profit in six years
Situated on Grange Road in District 10, the boutique condominium was built in 1983 with a total amount of 88 systems. Across the road is the One Tree Hill enclave, with exclusive residences such as the Orchard Bel Air, which was just recently placed up for collective sale, as well as One Tree Hill Residence.
The apartment or condo at Beverly Hill changed hands on July 28 for $8.9 million (or $2,367 psf).
The most unprofitable purchase was for a 1,668 sq ft, three-bedroom home at Helios Residences. Developed by Wing Tai Holdings, the freehold advancement was completed in 2011 with an overall of 140 devices. Located in the Cairnhill enclave in District 9, it remains in the area of the Orchard Road shopping belt. Newton MRT Station and Somerset MRT Station lie minutes away on the North-South Line. Mount Elizabeth Hospital, the freshly opened up Quincy Hotel and York Hotel are at the front doors of Helios Residences.
The transaction took place for a three-bedroom, first-floor system of the waterfront rental properties, measuring 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). This translates to a loss of $0.5 million, or 22%.
The second most unlucrative bargain took place at Reflections at Keppel Bay. Developed by Keppel Land, the 99-year leasehold luxury condominium was finished in 2011. Developed by worldwide acclaimed designer, David Libeskind, the development is recognized for the bent mirrored exterior of its six towers.
Popular with residents and expatriates, numerous colleges lie in the location, including the Canadian International School (Tanjong Katong Campus), Etonhouse International School (Broadrick), Tanjong Katong Primary as well as Secondary School, Tanjong Katong Girls’ School as well as 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 previously changed hands for $1.3 million (or $799 psf) in June 2006, equating to a gain of $1.9 million or an annualised revenue of 6% over 16 years.
The second most successful offer of the week took place at One Amber. Completed in 2010, the property condominium is located at Amber Gardens in the Marine Parade location as well as has a total amount of 562 systems. The closest MRT terminal– Tanjong Katong MRT terminal on the East-West Line– and East Coast Park are a few minutes’ leave.
The 3,778 sq feet unit altered hands on July 28 for $8.9 million (or $2,367 psf), based on caveats lodged. The 18th-floor unit at the estate condo was previously purchased at $6.1 million (or $1,615 psf) in June 2016.
An 1,572 sq ft, three-bedroom unit at One Amber was sold on July 29 at a $1.9 million revenue.
The 3,778 sq ft system changed hands on July 28 for $8.9 million (or $2,367 psf), based on cautions lodged. The 18th-floor device at the estate condominium was formerly purchased at $6.1 million (or $1,615 psf) in June 2016. Hence, the proprietor enjoyed a resources gain of $2.8 million, or 47%, after a holding period of just six years.
Marina Gardens Lane Residences Condo
The deal took place for a three-bedroom, first-floor device of the waterfront villas, gauging 1,281 sq ft. It was offered for $1.9 million (or $1,468 psf) on July 26. The system was last bought for $2.4 million (or $1,892 psf).
A three-bedroom rental property device on the very first floor of Reflections at Keppel Bay taped a loss of $0.5 million, or 22%.
One of the most unlucrative offer of the week occurred at a ninth-floor home at Helios Residences which marked a loss of $1.2 million, or 25% (Credit: Samuel Isaac Chua/ The Edge Singapore).
The ninth-floor home at Helios Residences was cost $3.7 million (or 2,218 psf) on July 28. It was previously bought for $4.9 million (or $2,948 psf) in July 2011, noting a loss of $1.2 million (or 25%) over 11 years.
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