On the other hand, one of the most unlucrative deal was for a 7,503 sq ft, five-bedroom penthouse at The Arcadia. The penthouse recently transformed hands for $7.7 million ($1,026 psf), based on a caution lodged on July 14. The device was bought in August 2010 for $10 million ($1,333 psf), which converts to a $2.3 million loss over a 12-year holding duration.
The Arcadia is a 10-storey condominium project with just 164 systems. Three-bedroom systems are sized from 3,466 to 3,735 sq ft, while four-bedroom systems are sized from 3,714 to 4,672 sq ft. Meanwhile, penthouses are 7,503 sq ft, five-bedroom simplexes. The 99-year leasehold condo has a lease from 1979, with the task finished in 1983.
The 215-unit, freehold condominium, situated on Shelford Road in prime District 11, was developed by CapitaLand and also completed in 2005. The task is prominent with family members with school-going youngsters, given its closeness to institutions such as Anglo-Chinese School (Junior), St Margaret’s Secondary School, Anglo-Chinese School (Primary) as well as Raffles Girls’ Primary School.
On the other hand, the 2nd most unprofitable deal took place at the 70-unit, freehold CityVista Residences. Found at Peck Hay Road, just off Clemenceau Avenue in prime District 9, the 20-storey condo block was finished in 2010.
The project lies on Arcadia Road, off Adam Road in prime District 11.
A 7,503 sq ft, penthouse at The Arcadia came to be one of the most unprofitable transaction for Jul 12-26, when it was sold for $7.7 million, $2.3 million lower than its $10 million purchase cost 12 years ago
The system was previously bought for $1.75 million ($ 557 psf) in August 1999. The unit was acquired 13 years ago for $1.93 million ($ 888 psf), and just recently altered hands for $4.15 million ($ 1,909 psf). The system was purchased in August 2010 for $10 million ($1,333 psf), which equates to a $2.3 million loss over a 12-year holding period.
Huge four-bedroom apartments and also penthouses in the prime areas dominated the leaderboard in the most unlucrative as well as lucrative offers over the two-week period from July 12 to 26. The transaction that marked the largest cost gain was for the most significant unit at Top Ten, an 11-unit, six-storey, freehold home block at Emerald Hill Road, built in 1978.
The Top Ten apartment or condo block lies at 134 Emerald Hill Road, amidst the conservation shophouses on Emerald Hill Road, just off Orchard Road on one side and also Cairnhill Road on one more. The project lies within prime District 9.
The most current purchase was for a 2,626 sq ft, four-bedroom system on the 12th flooring that was cost $4.95 million ($1,885 psf) on July 19. The device was last bought for $6.83 million ($2,600 psf) at the top of the last home boom in 2007. The seller saw the cost for the system marked down by $1.88 million.
The most current transaction was for a 2,626 sq feet, four-bedroom device on the 12th floor that was offered for $4.95 million ($1,885 psf) on July 19. The unit was last purchased for $6.83 million ($2,600 psf) at the top of the last residential or commercial property boom in 2007.
The device was acquired 13 years ago for $1.93 million ($ 888 psf), and recently altered hands for $4.15 million ($ 1,909 psf). For the vendor, it converts to a gain of $2.22 million.
The 3,143 sq ft, four-bedroom penthouse at Top Ten transformed hands for $5.19 million ($ 1,650 psf), according to a caveat on July 19. The system was formerly bought for $1.75 million ($ 557 psf) in August 1999. It equates to a resources gain of $3.44 million or 196% after a 23-year holding period.
The greatest capital gain was seen when a four-bedroom house at Top Ten, an apartment or condo block at Emerald Hill Road transformed hands for $5.2 million, at $3.43 million above the initial acquisition cost 23 years previously