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Thread: Urban Resort Condominium (D09) - By Capitaland - New Launch

  1. #21

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    at that price range of $5-6m, the buyers are likely well-off and discounts of $10-20k won't tip them over the fence.

  2. #22

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    err, capitaland gave 10% off for interlace, 10 to 15% for d'leedon and 12% off for latitude.

    10 to 20k won't help but 10 to 20% would i guess.

    Quote Originally Posted by eng81157
    at that price range of $5-6m, the buyers are likely well-off and discounts of $10-20k won't tip them over the fence.

  3. #23

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    Quote Originally Posted by bargain hunter
    err, capitaland gave 10% off for interlace, 10 to 15% for d'leedon and 12% off for latitude.

    10 to 20k won't help but 10 to 20% would i guess.
    different market segment leh.

  4. #24

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    3 more sold at 2600, 2680 and 2702psf in June bringing total to 36 out of 64 sold.

  5. #25

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    Seller of Urban Resort Condominium unit reaps $5.4 mil profit

    [email protected]

    EdgeProp 28 July 2018, 12:00 PM GMT+



    The seller of a unit at Urban Resort Condominium in the Cairnhill neighbourhood raked in the highest profit for resales over July 10 to 17. He reaped a 64% profit of $5.4 million from the sale of a 4,715 sq ft, four-bedroom unit on the 17th floor. The home was sold for $13.9 million ($2,948 psf) on July 12, and was first purchased in 2016 for $8.5 million ($1,803 psf). The seller therefore made an annualised profit of 23% over 2.4 years. Incidentally, this transaction marks the highest sale price fetched at the development.

    The transaction is the second sale this year at Urban Resort Condominium, in District 9. The previous resale happened in January, when a 2,121 sq ft, three-bedroom unit on the fifth floor was sold for $4.9 million ($2,311 psf). The seller purchased that unit from the developer in 2013, for $5.335 million ($2,525 psf). He made an 8% loss of $453,500, or an annualised loss of 2% over 4.6 years.

    The second highest profitable deal for the week under review was for a 2,347 sq ft, four-bedroom unit at The Tomlinson in prime District 10. The Tomlinson is a 13-minute walk to Orchard MRT Station, and a five-minute drive to ION Orchard shopping mall. The unit on the eighth floor fetched $5.15 million ($2,195 psf) on July 12. From the sale, the owner raked in a 47% profit of $1.65 million, or an annualised profit of 3% over 12.3 years. It was purchased in 2006 for $3.5 million ($1,492 psf).

    The third most profitable transaction for the week happened at Astridville, off Coronation Road West. The 2,433 sq ft, three-bedroom unit was sold for $3.35 million ($1,377 psf) on July 12. The seller made a 94% gain of $1.63 million, or an annualised profit of 6% over 11.6 years. The unit was bought in 2006 for $1.73 million ($709 psf).

    Astridville is an 18-unit boutique development completed in 1985, and comprises three-bedroom and maisonnette units. It is also located in District 10.

    A seller who sold a 1,389 sq ft unit at Leonie Hill Residences in District 9 made the fourth highest gain for the week, after selling the home on the 26th floor for $2.95 million ($2,125 psf). He reaped a 120% profit of $1.61 million, or an annualised profit of 5% over 15.8 years. The unit was bought in 2002 at $1.34 million ($964 psf).

    Leonie Hill Residences is a two-minute drive to the Orchard Road shopping belt.

    Meanwhile, the top loss was for a one-bedroom unit at Jardin, along Dunearn Road in District 21. After selling the 990 sq ft unit on the third floor for $1.3 million ($1,313 psf), the seller incurred a 26% loss of $461,000, or an annualised loss of 4% over 6.8 years. The unit was bought in 2011 from the developer for $1.76 million ($1,778 psf).

    Jardin is a five-minute drive to Bukit Timah Nature Reserve, and an 11-minute walk to Beauty World MRT station on the Downtown Line.


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