Archive for category: Misc

Tengah Plantation Close EC has the potential to provide a great investment opportunity, with expected completion in Tengah Plantation Loop EC 2021 ideal for buyers looking to capitalize on Singapore’s high demand for property.

At The Marbella, a condo located on Mount Sinai Rise in District 10, the most profitable resale transaction from the week of April 18 to 25 took place. On the 19th floor of this freehold development by OUB Centre, a subsidiary of OUE Commercial REIT, a three-bedroom unit of 1,475 sq ft was sold for $3.5 million ($2,373 psf). The seller, who purchased the unit in March 2004 for $1.03 million ($698 psf), netted a gain of $2.47 million, or 240% across a holding period of over 19 years.

The most profitable transaction to date at The Marbella occurred on March 27, when a 1,755 sq ft unit was sold for $3.78 million ($2,154 psf). The seller had made a profit of $2.52 million.

The second most-profitable resale transaction from the week in review happened at The Trevose, a condo on Trevose Crescent, off Dunearn Road and Whitley Road in District 11. It was a four-bedder unit of 1,765 sq ft located on the second floor that was sold for $3.1 million ($1,756 psf) on April 20. This sale had been purchased in February 2004 for $1.03 million ($583 psf) and the seller made a profit of $2.07 million (201%) after holding it for over 19 years.

The most unprofitable transaction for the week in review took place at Helios Residences. A two-bedroom-plus-study unit measuring 1,281 sq ft was sold for $3.15 million ($2,459 psf) on April 21. This price was lower than the original purchase price of $4.98 million ($3,890 psf) from November 2012 and the seller consequently made a loss of $1.83 million (37%) over a holding period of 10½ years.

Helios Residences is a 140-unit freehold development by Wing Tai Holdings that was completed in 2011. Four other resale transactions had taken place this year, all of which have occurred below the original purchase price. The most unprofitable one of all was the bank sale of a 4,629 sq ft, triplex penthouse unit that was sold for $8.4 million ($1,815 psf) in November 2020; a loss of $6.1 million lower than its purchase price of $14.5 million ($3,133 psf).

Across Singapore, those investing in the condo resale space this quarter have reaped impressive profits. At The Marbella and The Trevose, renovated apartments have sold for significant gains ranging from 200% to 237%. Helios Residences, though, has seen lower returns due to its location further away from the city centre.