Four-bedder at Beverly Hill clocks $2.8 mil profit in six years

The 2nd most unprofitable offer took place at Reflections at Keppel Bay. Created by Keppel Land, the 99-year leasehold high-end condo was completed in 2011. Designed by globally acclaimed designer, David Libeskind, the development is recognized for the curved mirrored exterior of its six towers.

Located on Grange Road in District 10, the boutique condominium was built in 1983 with an overall 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 walk from the advancement. Across the roadway is the One Tree Hill territory, with exclusive residences such as the Orchard Bel Air, which was just recently put up for collective sale, and One Tree Hill Residence. Various other amenities include the Zion Food Centre and also Great World City.

The second most successful offer of the week happened at One Amber. Finished in 2010, the property condominium lies at Amber Gardens in the Marine Parade area and has an overall of 562 units. The closest MRT station– Tanjong Katong MRT station on the East-West Line– and East Coast Park are a couple of mins’ leave.

The deal occurred for a three-bedroom, first-floor device of the waterfront villas, measuring 1,281 sq ft. It was cost $1.9 million (or $1,468 psf) on July 26. The device was last purchased for $2.4 million (or $1,892 psf). This converts to a loss of $0.5 million, or 22%.

The most unprofitable offer of the week happened at a ninth-floor apartment or condo at Helios Residences which marked 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 sold for $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, marking a loss of $1.2 million (or 25%) over 11 years.

The 3,778 sq ft system transformed 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 formerly acquired at $6.1 million (or $1,615 psf) in June 2016. Hence, the proprietor reaped a resources gain of $2.8 million, or 47%, after a holding duration of just six years.

The purchase of a four-bedroom apartment or condo at Beverly Hill clocked the largest rate gain for the week of July 26 to Aug 3. The 3,778 sq ft unit transformed hands on July 28 for $8.9 million (or $2,367 psf), based upon cautions lodged. The 18th-floor device at the property condominium was formerly acquired at $6.1 million (or $1,615 psf) in June 2016. Hence, the proprietor reaped a resources gain of $2.8 million, or 47%, after a holding period of only six years.

Popular with expatriates as well as residents, a number of schools lie in the area, consisting of the Canadian International School (Tanjong Katong Campus), Etonhouse International School (Broadrick), Tanjong Katong Secondary as well as key 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 formerly altered hands for $1.3 million (or $799 psf) in June 2006, converting to a gain of $1.9 million or an annualised earnings of 6% over 16 years.

Bukit Batok EC

A three-bedroom suite unit on the first floor of Reflections at Keppel Bay recorded a loss of $0.5 million, or 22%.

The transaction took area for a three-bedroom, first-floor device of the beachfront rental properties, determining 1,281 sq ft. It was marketed 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 transaction was for a 1,668 sq ft, three-bedroom apartment at Helios Residences. Developed by Wing Tai Holdings, the estate advancement was finished in 2011 with a total of 140 systems.

The apartment or condo at Beverly Hill transformed hands on July 28 for $8.9 million (or $2,367 psf).

An 1,572 sq ft, three-bedroom device at One Amber was sold on July 29 at a $1.9 million revenue.

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