Archive for category: Misc

in 22 yearsThe most profitable resale transaction recorded in the week of June 27 to July 4 was for a three-bedroom unit at The Horizon on Holt Road which sold for $3.35 million ($2,146 psf). The seller had acquired the unit for $1.19 million ($760 psf), making a tremendous profit of $2.16 million (182%), or an annualised gain of 5.4% over 20 years. This also marked the most profitable transaction at the condo to date.At One Amber, a 1,335 sq ft, three-bedroom unit sold for $2.92 million ($2,188 psf). The seller had acquired the unit for $971,880 ($728 psf) in 2006, and profited $1.95 million (201%), or an annualised gain of 6.6% over 17 years.The most unprofitable transaction was the sale of a two-bedroom unit at Scotts Square for $2.9 million ($3,062 psf). The seller had previously paid $3.35 million ($3,537 psf) for the unit, and made a loss of $449,825 (13%), with an annualised loss of 1.1% over 13 years.The Horizon on Holt Road is a freehold condo located in prime District 10, off River Valley Road, close to Great World City and the Orchard Road shopping belt. Meanwhile, One Amber is a freehold condo located at Amber Gardens off Amber Road, within the Marine Parade planning area in District 15. Scotts Square is a mixed-use development located on Scotts Road off Orchard Road, in prime District 9.June 28 saw the sale of the most profitable resale transaction of the week at The Horizon, a three-bedroom unit sold for $3.35 million ($2,146 psf). It had been purchased for $1.19 million ($760 psf) in 2006, and the seller profited by $2.16 million (182%), or an annualised gain of 5.4% over 20 years.One Amber also recorded a highly profitable sale, with the resale of a three-bedroom unit going for $2.92 million ($2,188 psf). It had originally cost $971,880 ($728 psf) in 2006 and the seller made a profit of $1.95 million (201%), or an annualised gain of 6.6% over 17 years.The Horizon is a freehold condo situated in Tanglin, District 10, close to shopping centres and public transport stops. One Amber is a freehold condo in District 15, near the upcoming Tanjong Katong MRT station. Meanwhile, at Scotts Square in District 9, a two-bedroom unit sold for $2.9 million ($3,062 psf) on June 27 and was acquired for $3.35 million ($3,537 psf) in 2010, resulting in a loss of $449,825 (13%), or an annualised loss of 1.1% over 13 years.The most profitable resale transaction of the week from June 27 to July 4 was the sale of a three-bedroom unit at The Horizon on Holt Road. The seller made an impressive $2.16 million (182%) profit, with an annualised gain of 5.4% over 20 years.

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At The Horizon, a freehold condo located in Tanglin, District 10, a three-bedroom unit was sold for $3.35 million ($2,146 psf) on June 28. This was acquired for $1.19 million ($760 psf) in 2006, and yielded a remarkable profit of $2.16 million (182%), or an annualised gain of 5.4% over 20 years.

Meanwhile, the sale of a 1,335 sq ft three-bedroom unit at One Amber saw the seller raking in a $1.95 million (201%) profit. This was from when it was bought for $971,880 ($728 psf) in 2006 to its resale for $2.92 million ($2,188 psf) in 2020, with an annualised gain of 6.6% over 17 years. One Amber is a freehold condo located in District 15, within the Marine Parade planning area.

The least profitable transaction of the week was the sale of a 947 sq ft two-bedroom unit at Scotts Square for $2.9 million ($3,062 psf). This was bought for $3.35 million ($3,537 psf) in 2010 and the seller made a loss of $449,825 (13%), or an annualised loss of 1.1% over 13 years. Scotts Square is a mixed-use development on Scotts Road, in prime District 9, just off the Orchard Road shopping strip.

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The week of June 27 to July 4 saw The Horizon taking the lead as the most profitable resale transaction with the sale of a three-bedroom unit for $3.35 million ($2,146 psf). The seller had acquired the unit for $1.19 million ($760 psf) in 2006, making a tremendous profit of $2.16 million (182%), or an annualised gain of 5.4% over 20 years.

Not far behind, the sale of a 1,335 sq ft three-bedroom at One Amber yielded a $1.95 million (201%) profit for the seller. The unit was purchased for $971,880 ($728 psf) in 2006 and resold for $2.92 million ($2,188 psf) in 2020, making an annualised gain of 6.6% over 17 years.

Unfortunately, the most unprofitable transaction of the week was at Scotts Square where a 947 sq ft two-bedroom unit was sold for $2.90 million ($3,062 psf). The seller had originally paid $3.35 million ($3,537 psf) for the unit, and made a loss of $449,825 (13%), translating to an annualised loss of 1.1% over 13 years. Prices at Scotts Square continue to freefall.