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

Senja Residences Location

The second most unlucrative bargain occurred at Reflections at Keppel Bay. Created by Keppel Land, the 99-year leasehold high-end condo was completed in 2011. Designed by worldwide well-known designer, David Libeskind, the development is known for the rounded mirrored exterior of its six towers.

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

The 2nd most profitable bargain of the week occurred at One Amber. Finished in 2010, the freehold condo is located at Amber Gardens in the Marine Parade location and has a total of 562 devices. The closest MRT station– Tanjong Katong MRT station on the East-West Line– and also East Coast Park are a couple of minutes’ walk away.

The 3,778 sq ft system changed hands on July 28 for $8.9 million (or $2,367 psf), based on caveats lodged. The 18th-floor system at the freehold condo was formerly bought at $6.1 million (or $1,615 psf) in June 2016. Thus, the owner gained a capital gain of $2.8 million, or 47%, after a holding duration of just 6 years.

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

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

The transaction took area for a three-bedroom, first-floor device of the beachfront vacation homes, determining 1,281 sq ft. It was sold for $1.9 million (or $1,468 psf) on July 26. The system was last purchased for $2.4 million (or $1,892 psf).

Located on Grange Road in District 10, the store condo was built in 1983 with a total of 88 devices. Throughout the road is the One Tree Hill enclave, with personal residences such as the Orchard Bel Air, which was lately placed up for collective sale, and also One Tree Hill Residence.

Popular with expatriates and residents, a number of colleges lie in the area, consisting of the Canadian International School (Tanjong Katong Campus), Etonhouse International School (Broadrick), Tanjong Katong Secondary and also primary 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 formerly transformed hands for $1.3 million (or $799 psf) in June 2006, translating to a gain of $1.9 million or an annualised profit of 6% over 16 years.

One of the most unprofitable offer of the week happened at a ninth-floor home at Helios Residences which noted 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 formerly bought for $4.9 million (or $2,948 psf) in July 2011, noting a loss of $1.2 million (or 25%) over 11 years.

A three-bedroom vacation home device on the very first flooring of Reflections at Keppel Bay recorded a loss of $0.5 million, or 22%.

The purchase happened for a three-bedroom, first-floor unit of the waterfront vacation homes, determining 1,281 sq ft. It was sold for $1.9 million (or $1,468 psf) on July 26. The device was last purchased for $2.4 million (or $1,892 psf). This equates to a loss of $0.5 million, or 22%.

The most unprofitable deal was for a 1,668 sq feet, three-bedroom house at Helios Residences. Created by Wing Tai Holdings, the freehold growth was finished in 2011 with an overall of 140 devices. Situated in the Cairnhill enclave in District 9, it remains in the area of the Orchard Road purchasing belt. Newton MRT Station and also Somerset MRT Station lie mins away on the North-South Line. Mount Elizabeth Hospital, the newly opened up Quincy Hotel and also York Hotel are at the doorsteps of Helios Residences.