Four-bedder at Trevose Park achieves record profit of $3.4 mil
A four-bedroom house at Trevose Park was one of the most rewarding condominium resale deal throughout the week of March 3 to 10. The ground floor, 2,562 sq ft unit fetched $5.25 million, or $2,049 psf, on March 3. Formerly, the unit was purchased for $1.82 million ($712 psf) in April 2001. This suggests the vendor reaped a record profit of $3.43 million (187.8%), or an annualised gain of 4.3% over nearly 25 years.
Based on cautions lodged, this purchase is the record loss at the development. Before this, one of the most unlucrative arrangement took place when a 648 sq ft one-bedroom unit was cost $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 loss of regarding $348,800, translating to an annualised loss of 4.6% in simply over five years.
Reflections at Keppel Bay is a freehold apartment completed in 2011. It has 1,129 units throughout 6 skyscraper towers and 11 low-rise vacation home blocks. Telok Blangah MRT Terminal is a 10-minute walk away, with VivoCity and HarbourFront Centre one stop distant via the MRT.
The Arcady @ Boon Keng condominium
This is the second most profitable resale deal for Riveredge. The record at the moment comes from a 1,884 sq ft four-bedroom unit that cost $3.9 million ($2,070 psf) in October 2023. The vendor, who bought the unit for $1.82 million ($965 psf) in April 2008, netted an earnings of $2.08 million, or an annualised gain of 5.1% over 15 years.
Positioning along Sampan Place in District 15, Riveredge is a 99-year leasehold apartment with 135 units in a solo 18-storey high rise. It gives a mix of 2- to four-bedroom residences and penthouses evaluating 980 to 3,208 sq ft. Finished in 2008, the apartment fronts the Geylang River and is within walking range of Mountbatten MRT Terminal on the Circle Line and Katong Park MRT Terminal on the Thomson-East Coast Line.
The freehold condo was finalized in 1991, with 150 units spread across five blocks. Placed on Trevor Crescent in District 11, it is nearby to Raffles Town Club, Singapore Chinese Girls’ Academy 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 within a six-minute drive.
The second-highest gain in the course of the week in review came from the sale of a four-bedroom unit at Riveredge. The 1,604 sq ft unit on the 10th floor fetched $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, therefore reporting an earnings of $2.07 million (180.1%) and an annualised growth of 6.3% over 17 years.
Meanwhile, Reflections at Keppel Bay documented the second most unlucrative condo unit resale purchase 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. Hence, the vendor suffered a loss of greater than $674,000 (18.9%) and an annualised defeat of 1.4% on top of 15 years.
One of the most unprofitable resell deal throughout the week in assessment was the sale of a two-bedroom unit at Liberte. The 1,324 sq ft unit on the 12th ground was cost $2.1 million ($1,586 psf) on March 4, after formerly being purchased for $2.8 million ($2,117 psf) in March 2013. This notes a loss of concerning $703,000 (25.1%), or an annualised loss of 2.1% over 13 years for the vendor.
On the other hand, the most unlucrative deal at Reflections at Keppel Bay happened when a 7,050 sq ft penthouse on the 40th floor fetched $11 million ($1,560 psf) in September 2021, after its preliminary acquisition at $17.98 million ($2,550 psf) in May 2007. The deal worked out to a $6.98 million loss, or an annualised loss of 3.4% over 14 years.
To date, this is one of the most profitable resell transaction at Trevose Park, beating the previous document increase of $3.41 million, the minute a 2,788 sq ft four-bedder shifted hands for $5.2 million ($1,865 psf) in March 2024. The exact same unit had actually been purchased for $1.79 million ($642 psf) in December 2001, converting to an annualised growth of 4.9% after 22 years.
