Archive for category: Misc

The Nassim 9 transaction in March showed a 47% profit for the seller, with a four-bedroom unit sold for $10.3 million. Cairnhill Plaza saw the transactional profit of a 2,820 sqft unit reach 107%. On the other hand, a resale transaction on V on Shenton was the least profitable, resulting in an 8% loss for the seller after a 1,528 sq ft unit changed hands for $3.09 million.Nassim 9, located in the exclusive Nassim Road residential enclave and offering four-bedroom units of 2,756 to 3,423 sq ft, completed its construction back in 2002. Cairnhill Plaza, completed in 1978 and about 45 years old, offers a variety of three- and four-bedroom units of 2,293 to 3,305 sq ft. Lastly, V on Shenton, a 510-unit 99-year leasehold condo, was completed in 2017 and includes a 54-storey residential tower and a 23-story office tower.A unit at Nassim 9 was sold for $10.3 million on March 10, recording a 47% profit for the seller. (Picture: Samuel Isaac Chua/)The highly profitable resale transaction at Nassim 9 saw the seller obtain an annualised profit of 3.2% over 12 years, while the most profitable resale transaction at Cairnhill Plaza saw the seller earn a record $3.75 million (187%) profit, resulting in an annualised profit of 9% over 11 years. However, the resale at V on Shenton was the least profitable, with a loss of $254,000 (8%) translating to an annualised loss of 0.7% over nearly 11 years.The week of March 7 to 14 saw a range of resale transactions, with an impressive profit at Nassim 9, a record profit at Cairnhill Plaza and an unfortunate loss at V on Shenton. A comparison of the three properties shows that age, location and unit size all play an important role in determining the price and profit of the transaction.At Nassim 9, the seller earned a 47% profit on the sale of a 3,251 sq ft, ground-floor unit for $10.3 million, earning an annualised profit of 3.2% over 12 years. Meanwhile, a 2,820 sq ft unit at Cairnhill Plaza changed hands for $5.38 million on March 9, resulting in a record $2.78 million (107%) profit, with an annualised profit of 2.9% over 25 years. On the other hand, the least profitable resale at V on Shenton saw the seller incur a loss of $254,000 (8%), translating to an annualised loss of 0.7% over nearly 11 years.Nassim 9 is a boutique eight-unit condo offering four-bedroom units of 2,756 to 3,423 sq ft, located in the exclusive Nassim Road residential enclave of District 10. Cairnhill Plaza is a freehold condo with 204 units, comprising two 30-storey towers of three- and four-bedroom units of 2,293 to 3,305 sq ft. Lastly, V on Shenton is a 99-year leasehold condo, with a 54-storey residential tower and a 23-story office tower.The most profitable resale transaction in the week ending March 14 occurred at Nassim 9, with the sale of a 3,251 sq ft, ground-floor unit for $10.3 million ($3,169 psf). The seller managed to rake in a $3.3 million (47%) profit, which translates to an annualised profit of 3.2% over 12 years.

At Nassim 9, located in the exclusive Nassim Road residential enclave in District 10, a four-bedroom unit was sold for $10.3 million on March 10, translating to a 47% profit on the transaction for the seller over 12 years. This record was followed by the sale of a 2,820 sq ft unit at Cairnhill Plaza also situated in District 9, which fetched $5.38 million ($1,908 psf) with a 107% profit on March 9. The seller earned a whopping $2.78 million, translating to an annualised profit of 2.9% over 25 years.

On the opposite end of the spectrum, the least profitable transaction during the same week occurred at V on Shenton. The 1,528 sq ft three-bedroom unit on the 39th floor was sold for $3.09 million ($2,021 psf) at a loss of around $254,000 (8%), which translates to an annualised loss of 0.7% over nearly 11 years.

V on Shenton is a 99-year leasehold condo located on Shenton Way in District 1’s downtown financial district. The 510-unit development includes a 54-storey residential tower and a 23-story office tower, completed in 2017. Nearby commercial developments to V on Shenton include OUE Downtown, CapitaSky, SGX Centre, Asia Square Tower 1 & 2, as well as the upcoming IOI Central Boulevard Towers.

Cairnhill Plaza, offer a variety of three- and four-bedroom units of 2,293 to 3,305 sq ft, sits on Cairnhill Road in prime District 9 and was completed in 1978. This freehold condo is about 45 years old and is located around several prominent shopping malls and hotels such as The Paragon, Ngee Ann City, Ion Orchard, Singapore Marriott Tang Plaza Hotel, the newly opened Pullman Singapore Orchard, and Hilton Singapore Orchard.

Despite its prime location, the age of the development slightly affects prices at Cairnhill Plaza. The average price at the development is estimated at around $1,894 psf. However, recently, the most profitable resale at Cairnhill Plaza was that of a 3,305 sq ft unit that was sold for $5.75 million (1,740 psf) in March 2010. This unit had been purchased for only $2 million ($605 psf) back in 1999, resulting in a $3.75 million (187%) profit, translating to an annualised profit of 9% over 11 years.

Price comparison graph of V on Shenton against neighbouring properties. (Source: EdgeProp Singapore, URA)

New Tengah Plantation Close EC Tengah Plantation EC development in modern-upcoming Tengah Town, western part of Singapore, offers amenities and transportation options for potential buyers and investors.

Comparatively, Nassim 9 is a boutique eight-unit condo completed in 2002 and offering four-bedroom units of 2,756 to 3,423 sq ft. Situated in the exclusive Nassim Road residential enclave, the development is a short walk to Tanglin Mall and other shopping malls along the Orchard Road shopping belt.

The week of March 7 to 14 saw a range of resale transactions, with an impressive profit at Nassim 9, a record profit at Cairnhill Plaza and an unfortunate loss at V on Shenton. It is clear that factors such as age, location and unit size all play an important role in determining the price and profit of the transaction.