Four-bedroom unit at Top Ten in Emerald Hill sold for $3.4 mil profit

The most current transaction was for a 2,626 sq feet, four-bedroom device on the 12th flooring that was offered for $4.95 million ($1,885 psf) on July 19. The system was last bought for $6.83 million ($2,600 psf) at the peak of the last residential property boom in 2007.

The device was previously purchased for $1.75 million ($ 557 psf) in August 1999. The unit was bought 13 years ago for $1.93 million ($ 888 psf), as well as lately changed hands for $4.15 million ($ 1,909 psf). The device was acquired in August 2010 for $10 million ($1,333 psf), which equates to a $2.3 million loss over a 12-year holding duration.

The largest capital gain was seen when a four-bedroom house at Top Ten, an apartment block at Emerald Hill Road altered hands for $5.2 million, at $3.43 million over the initial purchase rate 23 years previously

Big four-bedroom houses and penthouses in the prime districts controlled the leaderboard in one of the most unprofitable as well as rewarding bargains over the two-week period from July 12 to 26. The transaction that marked the largest price gain was for the greatest unit at Top Ten, an 11-unit, six-storey, freehold home block at Emerald Hill Road, built in 1978.

A 7,503 sq ft, penthouse at The Arcadia came to be the most unlucrative transaction for Jul 12-26, when it was cost $7.7 million, $2.3 million lower than its $10 million purchase cost 12 years ago

The most current purchase was for a 2,626 sq ft, four-bedroom system on the 12th floor that was cost $4.95 million ($1,885 psf) on July 19. The unit was last acquired for $6.83 million ($2,600 psf) at the optimal of the last residential or commercial property boom in 2007. The seller saw the cost for the device marked down by $1.88 million.

The 3,143 sq ft, four-bedroom penthouse at Top Ten transformed hands for $5.19 million ($ 1,650 psf), according to a caution on July 19. The unit was formerly acquired 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 duration.

The 215-unit, freehold condominium, situated on Shelford Road in prime District 11, was developed by CapitaLand as well as completed in 2005. The project is prominent with households with school-going kids, offered its proximity to institutions such as Anglo-Chinese School (Junior), St Margaret’s Secondary School, Anglo-Chinese School (Primary) and also Raffles Girls’ Primary School.

The Top Ten home block lies at 134 Emerald Hill Road, amidst the preservation shophouses on Emerald Hill Road, simply off Orchard Road on one side and Cairnhill Road on another. The task is located within prime District 9.

The most unprofitable transaction was for a 7,503 sq feet, five-bedroom penthouse at The Arcadia. The penthouse just recently altered hands for $7.7 million ($1,026 psf), based on a caveat lodged on July 14. The system was acquired in August 2010 for $10 million ($1,333 psf), which equates to a $2.3 million loss over a 12-year holding duration.

The project is located on Arcadia Road, off Adam Road in prime District 11.

The Arcadia is a 10-storey condo project with simply 164 units. Three-bedroom units are sized from 3,466 to 3,735 sq ft, while four-bedroom devices are sized from 3,714 to 4,672 sq ft. Meanwhile, penthouses are 7,503 sq ft, five-bedroom simplexes. The 99-year leasehold condominium has a lease from 1979, with the job completed in 1983.

The device was bought 13 years ago for $1.93 million ($ 888 psf), as well as just recently altered hands for $4.15 million ($ 1,909 psf). For the vendor, it converts to a gain of $2.22 million.

The second most unprofitable deal took place at the 70-unit, freehold CityVista Residences. Situated at Peck Hay Road, just off Clemenceau Avenue in prime District 9, the 20-storey condominium block was finished in 2010.