Four-bedder at Nassim 9 sold for $4.4 mil profit

The residence was just one of numerous resell units to be offered underneath their purchase rates in the last two years, according to information collected by the EdgeProp Investigation tool. The most unprofitable sale at the development took place in July 2020, when a 3,854 sq ft unit was fetched $5.85 million ($1,518 psf), with the seller sustaining a loss of $4.8 million.

The Atelier Makeway Avenue

Reflections at Keppel Bay is a 1,129-unit beachfront luxury property by Keppel Land. The 99-year leasehold development, with six housing towers and 11 vacation home residence blocks, was completed in 2011.

The Oceanfront @ Sentosa Cove is a 99-year leasehold, ultra-luxury condominium in the Sentosa Cove enclave in District 4. Found on an islet, the sea-facing condominium was built by a joint endeavor between City Developments as well as TID (a partnership in between Hong Leong Holdings and Mitsui Fudosan) and even completed in 2010. The development includes five towers ranging from 13 to 15 floors high, as well as a total of 264 units. Unit sizes begin with 1,216 sq ft for a two-bedroom apartment, rising to 8,095 sq ft for the best penthouse.

Nassim 9, a shop luxury project completed in 2002, has just eight units property in a four-storey establishment. It rises within walking range of Orchard Blvd MRT Station (on the Thomson-East Coast Line), that is coming to open on Nov 13. The Botanic Gardens, Tanglin Shopping Center as well as The Forum are likewise throughout strolling distance.

The second-most profitable purchase for the week took place at The Oceanfront @ Sentosa Cove. A duplex penthouse measuring 5,985 sq ft on the 15th floor was marketed for $14.3 million ($2,389 psf) on Oct 28. The seller had actually purchased the unit for $11.5 million ($1,922 psf) in June 2009, which suggests they brought in a $2.8 million (24.3%) profit on the proceeding after holding the real estate for 13 1/2 years.

The sale of a 3,423 sq ft unit at Nassim 9, an estate property development on Nassim Road in prime Community 10, was one of the most successful agreement recorded throughout the week of Oct 25 to Nov 1. The four-bedroom unit, which altered hands for $11.2 million ($3,272 psf) on Oct 27, had been acquired by the vendor for $6.8 million ($1,987 psf) in October 2009, converting to an acquire of $4.4 million, or 64.7%, throughout the 13-year holding duration.

The unit sold on Oct 27 clocked the greatest rate transacted at the property development on both psf and absolute bases. Prior to this, the most latest transaction at Nassim 9 occurred in April 2012 when a 3,143 sq ft unit was cost $8.8 million ($2,800 psf), which additionally regarded the previous psf- and absolute-price highs for the condo.

The most unprofitable purchase documented for the week was the sale of a unit at Reflections at Keppel Bay, situated along Keppel Bay View in District 4. On Oct 31, a unit estimating 2,379 sq ft on the 27th floor fetched $4.3 million ($1,808 psf). The retailer had acquired the unit for $5.4 million ($2,278 psf) in May 2007. Thus, they acquired a loss of 20.6% or $1.1 million over a 15 1/2-year keeping period.

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