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Thread: JUST SOLD: Three-bedder at The Marbella sold for $1.4 mil profit

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    Default JUST SOLD: Three-bedder at The Marbella sold for $1.4 mil profit

    http://www.theedgeproperty.com.sg/co...-14-mil-profit

    JUST SOLD: Three-bedder at The Marbella sold for $1.4 mil profit

    Tan Chee Yuen / URA, The Edge Property | September 15, 2015 4:00 PM MYT


    A 1,475 sq ft unit at The Marbella condominium was sold in August 2015 for a profit of $1.4 million, according to URA caveat data. This translates into a gain of 138% or annualised return of 7.9%. The seller had purchased the property back in March 2004 for $1.0 million ($702 psf) and resold it for $2.5 million ($1,667 psf) this year.

    The Marbella is a freehold condominium along Mt Sinai Rise, developed by OUB Centre Limited (OUBC), an associate company of Overseas Union Enterprise (OUE) and completed in 2005. It has two tower blocks with a total of 239 dwellings ranging from approximately 1,076 sq ft to 4,295 sq ft.

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    why they sold at 1.4m profit while st regis sold for record lost? haiz..

    what the rationale behind?

    http://www.straitstimes.com/business...cord-158m-loss

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    Quote Originally Posted by handsometeck View Post
    why they sold at 1.4m profit while st regis sold for record lost? haiz..

    what the rationale behind?

    http://www.straitstimes.com/business...cord-158m-loss
    Could be due to location, buyer interest, seller motivation to sell etc
    impossible to say why just based on transaction without more info

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