Four-bedder at Nassim 9 sold for $4.4 mil profit
Nassim 9, a shop deluxe property development completed in 2002, has only eight units housed in a four-storey building. It rises within strolling distance of Orchard Blvd MRT Station (on the Thomson-East Coast Line), which is due to start on Nov 13. The Botanic Gardens, Tanglin Mall as well as The Forum are additionally within walking range.
The unit retailed on Oct 27 clocked the highest price worked out at the property development on both psf and outright bases. Before this, one of the most recent transaction at Nassim 9 took place in April 2012 the moment a 3,143 sq ft unit was cost $8.8 million ($2,800 psf), which at the same time marked the last psf- and absolute-price highs for the condo.
One of the most unlucrative transaction filed for the week was the revenue of a unit at Reflections at Keppel Bay, situated along Keppel Bay View in District 4. On Oct 31, a unit measuring 2,379 sq ft on the 27th level brought $4.3 million ($1,808 psf). The dealer had actually purchased the unit for $5.4 million ($2,278 psf) in May 2007. For this reason, they incurred a loss of 20.6% or $1.1 million over a 15 1/2-year holding duration.
The second-most successful transaction for the week happened at The Oceanfront @ Sentosa Cove. A double penthouse gauging 5,985 sq ft on the 15th level was reselled for $14.3 million ($2,389 psf) on Oct 28. The owner had actually acquired the unit for $11.5 million ($1,922 psf) in June 2009, which implies they brought in a $2.8 million (24.3%) profit on the transaction after holding the property for 13 1/2 years.
The sale of a 3,423 sq ft unit at Nassim 9, a real estate property development on Nassim Road in prime Community 10, was the best profitable agreement reported during the week of Oct 25 to Nov 1. The four-bedroom unit, which altered hands for $11.2 million ($3,272 psf) on Oct 27, had been bought by the owner for $6.8 million ($1,987 psf) in October 2009, equating to an achieve of $4.4 million, or 64.7%, more than the 13-year holding duration.
Reflections at Keppel Bay is a 1,129-unit beachfront luxury development by Keppel Land. The 99-year leasehold development, with 6 residential towers as well as 11 villa flat blocks, was completed in 2011.
The Oceanfront @ Sentosa Cove is a 99-year leasehold, ultra-luxury condo in the Sentosa Cove enclave in District 4. Found on an island, the sea-facing condominium was built by a mutual endeavor in between City Developments as well as TID (an alliance between Hong Leong Holdings together with Mitsui Fudosan) and finished in 2010. The property consists of five towers ranging from 13 to 15 storeys tall, and also a total of 264 units. Unit dimensions begin with 1,216 sq ft for a two-bedroom flat, rising to 8,095 sq ft for the largest penthouse.
The residence was just one of numerous resale units to be sold below their purchase prices in the last 2 years, according to information put together by the EdgeProp Research tool. The most unlucrative transactions at the development happened in July 2020, when a 3,854 sq ft unit was realized $5.85 million ($1,518 psf), with the vendor sustaining a loss of $4.8 million.
