Four-bedder at Nassim 9 sold for $4.4 mil profit
One of the most unlucrative purchase filed for the week was the profit of a unit at Reflections at Keppel Bay, found along Keppel Bay View in District 4. On Oct 31, a unit measuring 2,379 sq ft on the 27th level obtained $4.3 million ($1,808 psf). The dealer had bought the unit for $5.4 million ($2,278 psf) in May 2007. For this reason, they accumulated a decrease of 20.6% or $1.1 million over a 15 1/2-year holding period.
The second-most lucrative deal for the week occurred at The Oceanfront @ Sentosa Cove. A duplex penthouse gauging 5,985 sq ft on the 15th floor was sold for $14.3 million ($2,389 psf) on Oct 28. The seller had actually bought the unit for $11.5 million ($1,922 psf) in June 2009, which suggests they brought in a $2.8 million (24.3%) profit on the proceeding after holding the property for 13 1/2 years.
The Oceanfront @ Sentosa Cove is a 99-year leasehold, ultra-luxury apartment in the Sentosa Cove territory in District 4. Found on an island, the sea-facing condominium was built by a joint venture between City Developments and also TID (a collaboration in between Hong Leong Holdings plus Mitsui Fudosan) and even completed in 2010. The property contains five towers ranging from 13 to 15 storeys tall, as well as a total amount of 264 units. Unit measurements start from 1,216 sq ft for a two-bedroom flat, going up to 8,095 sq ft for the biggest penthouse.
Reflections at Keppel Bay is a 1,129-unit beachfront high-end development by Keppel Land. The 99-year leasehold development, with six residential towers as well as 11 vacation home flat blocks, was completed in 2011.
Nassim 9, a shop luxury project finalized in 2002, has just 8 units property in a four-storey structure. It is located within strolling range of Orchard Blvd MRT Terminal (on the Thomson-East Coast Line), which is coming to launch on Nov 13. The Botanic Gardens, Tanglin Mall and also The Forum are also throughout walking proximity.
The residence was among a number of resell units to be sold below their purchase rates in the last 2 years, according to details compiled by the EdgeProp Investigation tool. The most unprofitable transactions at the development took place in July 2020, when a 3,854 sq ft unit was realized $5.85 million ($1,518 psf), with the seller incurring a loss of $4.8 million.
The unit sold off on Oct 27 clocked the highest cost worked out at the property on both psf together with outright bases. Before this, the most current deal at Nassim 9 took place in April 2012 when a 3,143 sq ft unit was cost $8.8 million ($2,800 psf), which additionally registered the last psf- and absolute-price highs for the condo.
The sale of a 3,423 sq ft unit at Nassim 9, an estate project on Nassim Road in prime Neighborhood 10, was the most profitable purchase recorded during the week of Oct 25 to Nov 1. The four-bedroom unit, which transformed hands for $11.2 million ($3,272 psf) on Oct 27, had been purchased by the vendor 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 retaining duration.
