The vendor of an unit at Pandan Valley, along Pandan JCube Condo Capitaland Valley Road, made the leading gain of $2.32 million over the week of May 11 to 18. The 3,272 sq ft system on the second flooring was bought for $1.49 million ($ 455 psf) in March 2001 and also sold for $3.81 million ($ 1,164 psf) on May 14 The seller consequently made a 156% earnings, or an annualised profit of 5% over 20 years.
The system at Pandan Valley was sold for $3.81 million on May 14. Avenue South Residence is a upcoming brand-new domestic development positioned in the core city main at 1, 3, 5, 7, 9, 11 and also 13 Silat Opportunity. It inhabits a land site of 245,972 sqf that feature 2 high 56 floors towers and 5 blocks of 4 floors conservation structure. Tampines Ave 11 Condo The growth hinges on the Bukit Merah precinct that is simply mins walk to Central Business District. The task is divided right into 3 different collection particularly; Heritage, Perspective and Height. There are a total of 1074 systems ranging from 1-bedroom to 4-bedroom costs device types to select from. Heritage Collection is referring to the 5 blocks of 4 floors preservation building which will be transformed to child care, retail, F&B electrical outlets.
Located in District 21, Pandan Valley was finished in 1978 as well as has 623 property units. It is a seven-minute drive from Dover MRT Station on the East-West Line.
The 2nd top gain made over the week– a 130% revenue of $2.25 million– went to Leonie Gardens, along Leonie Hill. The 2,540 sq ft system on the 5th flooring was purchased for $1.73 million ($681 psf) in June 2006 and sold for $3.98 million ($1,567 psf) on May 17. This indicates that the seller made an annualised earnings of 6% over almost 15 years.
Leonie Gardens, in District 9, comprises 138 devices on a 99-year leasehold and was completed in 1993. It is an 11-minute walk from the upcoming Great World MRT Station on the Thomson-East Coast Line.
A device at Dormer Park, situated along Jervois Road in District 10, made the 3rd largest gain over the week, netting a 113% revenue of $2.15 million for the vendor. The 2,347 sq ft system on the 10th flooring was acquired in August 2000 for $1.9 million ($810 psf), and also sold for $4.05 million ($1,726 psf) on May 12. The vendor consequently made an annualised revenue of 4% over almost 21 years.
Dormer Park makes up 92 property units, and was completed in 1993. It is a three-minute drive from Redhill MRT Station on the East-West Line.
One of the most unprofitable bargain of the week was the sale of a 1,711 sq ft device at The Oceanfront @ Sentosa Cove for $2.57 million.
On the other hand, one of the most unlucrative deal of the week was the resale of a 1,711 sq ft system at The Oceanfront @ Sentosa Cove in District 4. Having actually marketed the residential or commercial property for $2.57 million ($1,500 psf) on May 12, the vendor experienced a 23% loss of $768,450. The unit was acquired in July 2007 for $3.34 million ($1,949 psf). Over a holding duration of nearly 14 years, this equates right into an annualised loss of 2%.
The Oceanfront @ Sentosa Cove, located along Ocean Drive, consists of 264 systems on a 99-year leasehold, and was finished in 2010. It is a 15-minute drive from Harbourfront MRT Interchange Station JCube Condo on the North-East and Circle Lines.
