Four-bedder at Trevose Park achieves record profit of $3.4 mil
Based on cautions lodged, this purchase is the record loss at the growth. Prior to this, one of the most unlucrative offer happened when a 648 sq ft one-bedroom unit was fetched $1.25 million ($1,935 psf) in 2018, after being bought for $1.6 million ($2,475 psf) in January 2013. The vendor made a deficit of around $348,800, translating to an annualised loss of 4.6% in just over 5 years.
On the other hand, one of the most unprofitable transaction at Reflections at Keppel Bay took place when a 7,050 sq ft penthouse on the 40th floor brought $11 million ($1,560 psf) in September 2021, after its first acquisition at $17.98 million ($2,550 psf) in May 2007. The offer worked out to a $6.98 million loss, or an annualised loss of 3.4% over 14 years.
In the mean time, Reflections at Keppel Bay recorded the 2nd most unlucrative condo resale transaction of the week. A 1,550 sq ft, three-bedroom unit on the 36th flooring altered hands for $2.9 million ($1,871 psf) on March 4, after being acquired for $3.58 million ($2,306 psf) in February 2011. Thus, the seller suffered a deficit of greater than $674,000 (18.9%) and an annualised loss of 1.4% over 15 years.
A four-bedroom apartment at Trevose Park was the most rewarding condominium resale purchase during the week of March 3 to 10. The ground floor, 2,562 sq ft unit brought $5.25 million, or $2,049 psf, on March 3. Formerly, the unit was acquired for $1.82 million ($712 psf) in April 2001. This suggests the seller reaped a record earnings of $3.43 million (187.8%), or an annualised growth of 4.3% over virtually 25 years.
This is the 2nd most profitable resale purchase for Riveredge. The record currently comes from a 1,884 sq ft four-bedroom unit that sold for $3.9 million ($2,070 psf) in October 2023. The vendor, who bought the unit for $1.82 million ($965 psf) in April 2008, realized a profit of $2.08 million, or an annualised yield of 5.1% around 15 years.
The freehold condominium was finalized in 1991, with 150 units spread out across five blocks. Placed on Trevor Crescent in District 11, it is close to Raffles Town Club, Singapore Chinese Girls’ School and St Joseph’s Institution. Stevens MRT Terminal on the Thomson-East Coast and Downtown Lines is close, while services at Chancery Court and Coronation Shopping Plaza are in just a six-minute drive.
The most unprofitable resale purchase during the week in review was the sale of a two-bedroom unit at Liberte. The 1,324 sq ft unit on the 12th flooring was brought $2.1 million ($1,586 psf) on March 4, after previously being purchased for $2.8 million ($2,117 psf) in March 2013. This marks a loss of about $703,000 (25.1%), or an annualised loss of 2.1% over 13 years for the vendor.
To day, this is one of the most rewarding resale purchase at Trevose Park, defeating the former record growth of $3.41 million, the moment a 2,788 sq ft four-bedder changed controls for $5.2 million ($1,865 psf) in March 2024. The exact same unit had actually been bought for $1.79 million ($642 psf) in December 2001, converting to an annualised gain of 4.9% after 22 years.
The second-highest achievement during the week in review originated from the sale of a four-bedroom unit at Riveredge. The 1,604 sq ft unit on the 10th floor brought $3.22 million, or $2,008 psf, on March 9. The seller had purchased the unit for $1.15 million ($717 psf) in March 2009, thus recording an earnings of $2.07 million (180.1%) and an annualised growth of 6.3% over 17 years.
Reflections at Keppel Bay is a freehold condo finished in 2011. It has 1,129 units throughout 6 skyscraper towers and 11 low-rise suite blocks. Telok Blangah MRT Station is a 10-minute walk away, with VivoCity and HarbourFront Facility one stop distant using the MRT.
Settling around Sampan Place in District 15, Riveredge is a 99-year leasehold condo with 135 units in a single 18-storey high rise. It provides a mix of two- to four-bedroom residences and penthouses measuring 980 to 3,208 sq ft. Completed in 2008, the condo fronts the Geylang River and is inside walking range of Mountbatten MRT Station on the Circle Line and Katong Park MRT Station on the Thomson-East Coast Line.
