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

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

The system that changed hands lately 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 project was launched in 2006, the device was last bought for $5.232 million ($2,443 psf).

Completed in 1979 with a total of 605 systems, the 14-storey property condo was created by the previous DBS Realty (now CapitaLand). Pandan Valley is located near Pine Grove (Parcel A), a 242,564 sq ft, 99-year leasehold federal government land sale (GLS) website that was marketed to a joint venture between UOL Group and also Singapore Land Group for $671.5 million ($ 1,318 psf per plot proportion) in June.

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

Senja Residences

The second most lucrative offer of the week took place at Mandarin Gardens. Finished in 1986, the 99-year leasehold condo is situated off Siglap Road in the Marine Parade location in District 15.

The 4,585 sq ft unit changed hands on Aug 3 for $5.1 million (or $1,112 psf), based on cautions lodged. Situated on the 8th floor, the system was formerly acquired at $1.9 million (or $410 psf) even more than 25 years earlier, in May 1997.

Meanwhile, one of the most unprofitable transaction was for a 1,313 sq ft, three-bedroom device at Helios Residences. The system was cost $3 million (or $2,284 psf) on Aug 5 The 11th-floor device was previously purchased for $3.826 million in July 2007, at the height of the last residential or commercial property boom. The sale mirrors a 21.6% markdown after a 15-year holding duration.

A four-bedroom device at St Regis Residences measuring 2,142 sq ft was cost $5 million on Aug 5.
The 2nd most unlucrative deal took place at St Regis Residences. Created jointly by Hong Leong Holdings, City Developments and also Japanese residential or commercial property group Mitsui Fudosan, the 999-year leasehold development is made up of 173 high-end residences and also the 299-key St Regis Hotel Singapore.

The 4,585 sq ft system transformed hands on Aug 3 for $5.1 million (or $1,112 psf), based on caveats lodged. Situated on the 8th flooring, the unit was formerly acquired at $1.9 million (or $410 psf) even more than 25 years ago, in May 1997. With over 1,000 units in overall and the large land dimension of over one million sq feet, the growth has actually gone through three en bloc efforts, with the most recent attempt being in 2021. The 11th-floor device was previously acquired for $3.826 million in July 2007, at the height of the last residential property boom. The system was last acquired for $5.232 million ($2,443 psf) when the task was launched in 2006.

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

A three-bedroom unit at Mandarin Gardens was sold on Aug 2 and also gained a gain of $1.5 million
With over 1,000 devices in complete as well as the large land dimension of over one million sq ft, the advancement has undergone three en bloc efforts, with one of the most current attempt remaining in 2021. Siglap MRT Station on the Thomson-East Coast Line, slated for conclusion in 2024, will be a 5- to 10-minute leave. Next door is the 843-unit, 99-year leasehold Seaside Residences by Frasers Property that is completely sold as well as finished in 2021.

For the week of July 26 to Aug 2, an additional three-bedroom apartment or condo at Helios Residences, a bigger 1,668 sq ft unit on the ninth flooring, was cost $3.7 million ($2,218 psf), according to a caution lodged in July. The system had actually brought over $4.9 million ($2,948 psf) in July 2011.

Established by Wing Tai Holdings, the property advancement was completed in 2011 with a total amount of 140 systems. Located in the Cairnhill territory in prime District 9, it is in the location of the Orchard Road purchasing belt. Newton MRT Interchange Station for the North-South and also Downtown Lines lies nearby.