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Thread: EdgeProp Residential transactions with contracts 2020 [DONE DEALS]

  1. #21
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    Default Re: EdgeProp Residential transactions with contracts 2020 [DONE DEALS]

    Resale at The Waterside reaps $2 mil profit

    By Valerie Kor / EdgeProp Singapore | October 1, 2020 6:30 AM SGT

    https://www.edgeprop.sg/property-new...s-2-mil-profit


    The top gain of the week is from the sale of a 3,595 sq ft unit at Island View sold for $3.8 million (Photo: Samuel Isaac Chua/The Edge Singapore)

    SINGAPORE (EDGEPROP) - The top gain during the week of Sept 15 to 22 was from the sale of a 3,595 sq ft unit at Island View on Jalan Mat Jambol in District 5. Previously purchased for $1.48 million ($412 psf) in August 2000, it was sold for $3.8 million ($1,057 psf) on Sept 17. The four-bedroom apartment reaped a 157% profit of $2.32 million for the seller, which translates to an annualised profit of 4.8% over a holding period of 20 years.

    Island View is a 72-unit freehold development located within a 10-minute walk to Pasir Panjang MRT Station on the Circle Line. It is within a five-minute drive to NUS, NUH, Fusionopolis and Insead, as well as a 15-minute drive to the CBD and Holland Village.

    The second top gain of the week was from the sale of a 2,411 sq ft, four-bedroom unit at The Waterside on the 13th floor. It changed hands on Sept 18 for $3.78 million ($1,568 psf), having previously been bought for $1.73 million ($718 psf) in March 2002. It therefore reaped a $2.05 million profit for the seller, or an annualised 4.3% over 18˝ years.

    The Waterside on Tanjong Rhu Road in District 15 comprises 502 units across six blocks. The freehold development is located opposite Dunman High School and is 10 minutes by foot to Katong Park and East Coast Park.

    The third highest profit was made by the seller of a unit at The Chuan, a 106-unit development by Kheng Leong Co in District 19. The project is 99-year leasehold.

    The 1,464 sq ft unit with four bedrooms, located on the 14th floor, was sold for $2.35 million ($1,605 psf) on Sept 17. It was previously purchased for $1.066 million ($728 psf). This yielded a 120% profit of $1.284 million, or an annualised profit of 5.7% over more than 14 years, for the seller.

    The Chuan is a four-minute walk to Lorong Chuan MRT Station on the Circle Line. Nearby malls include Junction 8 and Nex Shopping Centre. Schools within walking distance include Australian International School Singapore and St Gabriel’s Primary School.

    On the other hand, the top loss over the week in review was incurred by the seller of a 5,113 sq ft duplex penthouse at Latitude. The 23rd-floor unit comes with a private lift lobby and enjoys condominium facilities such as a swimming pool, tennis court and playground. It changed hands for $9 million ($1,760 psf) on Sept 18, and had been bought previously in January 2013 for $12.5 million ($2,445 psf). This meant that the seller suffered a 28% loss of $3.5 million, which is annualised at 4.2% over 7˝ years.

    Latitude, located on Jalan Mutiara in River Valley, is a 127-unit freehold property by CapitaLand’s subsidiary Phoenix Realty. It is near Great World City shopping centre and will be a 10-minute walk to the upcoming Great World MRT Station.


    Source: URA, EdgeProp Singapore Note: 1. Computed based on URA caveat data as at Sept 29 for private non-landed houses transacted between Sept 15 and 22
    2. The profit and loss computation excludes transaction costs such as stamp duties.

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    Default Re: EdgeProp Residential transactions with contracts 2020 [DONE DEALS]

    Residential transactions with contracts dated Sept 15 to Sept 22 [DONE DEALS]
    By EdgeProp Singapore / EdgeProp Singapore | October 1, 2020 8:00 AM SGT

    https://www.edgeprop.sg/property-new...-22-done-deals


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    Default Re: EdgeProp Residential transactions with contracts 2020 [DONE DEALS]

    Unit at Ardmore Park earns $3.1 mil profit

    By Valerie Kor / EdgeProp Singapore | October 8, 2020 7:00 AM SGT

    https://www.edgeprop.sg/property-new...-31-mil-profit



    SINGAPORE (EDGEPROP) - The most profitable deal during the week of Sept 22 to 29 was the sale of a 2,885 sq ft, four-bedroom unit at Ardmore Park in prime District 10. Previously purchased for $5.38 million ($1,865 psf) in January 1997, it was sold for $8.5 million ($2,947 psf) on Sept 24. The 13th-floor apartment thus reaped a 58% profit, or $3.1 million, which is annualised at 1.9% over more than 23 years.

    Ardmore Park is a freehold condominium completed in 2001 that comprises 330 units across three 30-storey towers. Developed by Wheelock Properties, the condominium is nestled within a private residential enclave, within minutes’ drive to the shopping belt at Orchard Road and Tanglin Mall.

    The transaction is the fifth resale at the development this year. In April, a 8,740 sq ft penthouse, one of six in the development, was sold at $27.65 million ($3,163 psf), earning the seller a 72.8% profit of $11.65 million after a holding period of 22 years.

    Within the same month on April 2, a 2,885 sq ft, four-bedroom apartment at Ardmore Park earned a 10% profit, or $720,000. It transacted at $8 million ($2,773 psf), after a holding period of slightly more than five years.

    The second top gain was from the sale of a 3,035 sq ft, four-bedroom unit at waterfront condominium, Camelot By-The-Water, in Tanjong Rhu. The sixth-floor apartment changed hands for $5.09 million ($1,676 psf), 20˝ years after it was purchased for $2.24 million ($739 psf), earning the seller a 127% profit of $2.85 million, which is annualised at 4.1%.

    Completed in 2001, Camelot By-The-Water is a 99-year leasehold development on the banks of Kallang River. It comprises 99 units of between 2,400 sq ft and 5,800 sq ft in a 20-storey building. It is a 10-minute drive to the CBD.

    The third most profitable deal of the week was concluded at another waterfront condominium in Tanjong Rhu. A 2,626 sq ft, four-bedroom unit on the fourth floor at Pebble Bay was sold at $4.1 million ($1,561 psf), earning an 86% profit of $1.9 million, or an annualised profit of 5.6% over 11˝ years. The 99-year leasehold development by CapitaLand comprises 510 units.

    On the flip side, the top loss during the week was incurred by the sale of a 1,518 ssq ft, three-bedroom unit on the fourth floor at Reflections at Keppel Bay. Bought in November 2010 for $3.58 million ($2,357 psf), it changed hands for $2.5 million ($1,647 psf), making a 30% loss of $1.08 million, or 3.6% annualised over almost a decade.

    The District 4 property by Keppel Land is 99-year leasehold and comprises 1,129 units across six towers and 11 villa apartment blocks. It is within a five-minute drive to VivoCity and a 15-minute drive to the CBD.


    Source: URA, EdgeProp Singapore Note: 1. Computed based on URA caveat data as at Oc 6 for private non-landed houses transacted from Sept 22 to 29
    2. The profit and loss computation excludes transaction costs such as stamp duties.

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    Default Re: EdgeProp Residential transactions with contracts 2020 [DONE DEALS]

    Unit at Elizabeth Heights reaps $2.7 mil profit

    By Valerie Kor / EdgeProp Singapore | October 15, 2020 6:00 AM SGT

    https://www.edgeprop.sg/property-new...-27-mil-profit



    SINGAPORE (EDGEPROP) - During the week of Sept 29 to Oct 6, a four-bedroom unit at Elizabeth Heights in prime District 9 achieved the top gain of $2.7 million. The 2,530 sq ft unit on the fourth floor was purchased in May 1999 for $1.73 million ($684 psf) and changed hands on Oct 2 for $4.45 million ($1,759 psf). The 157% profit translates to an annualised profit of 4.5% over more than 21 years.

    Elizabeth Heights is a freehold condominium along Cairnhill Road comprising 90 units. Completed in 1983 by Victory Realty, it is in proximity to the Orchard Road shopping belt and Newton Food Centre. Additionally, it is an eight-minute walk to Newton MRT Station on the North-South and Downtown Lines.

    In March, the sale of another unit at Elizabeth Heights made a profit of $2.54 million. Purchased for $1.96 million ($785 psf) in November 1999 and sold for $4.5 million ($1,802 psf) on March 9, the seller of the 2,497 sq ft unit on the 12th floor made a 130% profit, or an annualised profit of 4% over 20 years.

    The second most profitable sale was concluded at Belmond Green, in District 10. The 1,270 sq ft, three-bedroom unit on the ground floor was previously bought for $877,000 ($690 psf) in May 2004, and transacted for $2.1 million ($1,657 psf) on Oct 5. The seller earned a 140% profit of $1.23 million, or an 5.4% annualised profit over more than 16 years.

    Belmond Green is a 211-unit freehold condominium along Balmoral Road, and was completed in 2004 by CapitaLand. The building is 12 storeys high. Belmond Green is in proximity to Newton MRT Station and Newton Food Centre.

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    Default Re: EdgeProp Residential transactions with contracts 2020 [DONE DEALS]

    Residential transactions with contracts dated Sept 29 to Oct 6 [DONE DEALS]
    By EdgeProp Singapore / EdgeProp Singapore | October 15, 2020 8:00 AM SGT

    https://www.edgeprop.sg/property-new...t-6-done-deals


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    Default Re: EdgeProp Residential transactions with contracts 2020 [DONE DEALS]

    Resale at The Ladyhill reaps $2.6 mil profit

    By Valerie Kor / EdgeProp Singapore | October 22, 2020 6:00 AM SGT

    https://www.edgeprop.sg/property-new...-26-mil-profit



    SINGAPORE (EDGEPROP) - The most profitable deal over the week of Oct 6 to 13 is the sale of a four-bedroom unit on the ground floor at The Ladyhill. It transacted at $6.95 million ($2,117 psf) on Oct 8, after having been previously bought at $4.34 million ($1,321 psf). It therefore earned the seller a 60% profit of $2.61 million, or an annualised profit of 3.1% over more than 15 years.

    The Ladyhill is the maiden luxury condominium of SC Global Developments, now a developer well-known for its luxury offerings. The freehold development in prime District 10 is low-density, comprising just 55 units in a four-storey building. Architecture of the development is by award-winning SCDA Architects.

    The condominium is located in a tranquil enclave along Ladyhill Road, right opposite Shangri-La Hotel Singapore. It is in proximity to the Orchard Road shopping belt, Tanglin Mall and Singapore Botanic Gardens.

    The second top gain of the week was from the sale of a 1,668 sq ft, three-bedroom unit on the 10th floor at Watermark @ Robertson Quay. The unit changed hands for $2.8 million ($1,678 psf) on Oct 13, 11˝ years after it was purchased for $1.65 million ($989 psf). The seller hence earned a 70% profit of $1.15 million, or an annualised 4.6% profit.

    Watermark @ Robertson Quay, developed by Hong Leong Holdings, comprises 206 units in four 10-storey blocks. The units are above a row of conserved warehouses and overlook the Singapore River. Its location in District 9 is just a short walk away from the cafes and bars along Robertson Quay, and a few minutes’ drive from Great World City and Robertson Walk shopping malls.

    The third most profitable deal is the resale of a unit at Holland Hill Park in District 10. The 1,539 sq ft, three-bedroom unit on the fourth floor was transacted at $2.28 million ($1,481 psf). It was previously purchased for $1.16 million ($754 psf) in February 2007. It netted the seller a 97% profit of $1.12 million, which translates to an annualised profit of 5.1% over nearly 14 years.

    Holland Hill Park is a 40-unit condominium by Keppel Land. The freehold condominium, located along Holland Hill just off Queensway, was completed in 1992.

    On the other hand, a 1,970 sq ft, three-bedroom unit on the 27th floor of The Sail @ Marina Bay incurred the top loss of $2.31 million during the same week. It changed hands for $3.5 million ($1,777 psf) on Oct 12, after having been bought for $5.8 million ($2,950 psf) in October 2007. The 40% loss is annualised at 3.8% over 13 years.

    The Sail @ Marina Bay is a luxury mixed apartment at Marina Boulevard in District 1. Units enjoy panoramic views of Marina Bay and the downtown area. It is within walking distance to the CBD, and several MRT stations such as Downtown MRT Station and Raffles Place MRT Interchange Station. The property is 99-year leasehold.


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    Default Re: EdgeProp Residential transactions with contracts 2020 [DONE DEALS]

    Residential transactions with contracts dated Oct 6 to Oct 13[DONE DEALS]

    By edgeprop.sg

    October 22, 2020 8:00 AM SGT

    https://www.edgeprop.sg/property-new...t-13done-deals


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