Penthouse at Spring @ Katong reaps $2.06 mil profit
This is the initial resell documented at RiverGate to date this year. in 2023, the condo observed five units turn hands, each one of which were cost-effective operations. The units, sizing up between 1,539 and 2,088 sq ft, were cost in between $4.3 million and $5.75 million, or between $2,588 and $2,999 on a psf-price basis. The respective home sellers created profits stretching from $1.25 million to $2.56 million.
This is the most worthwhile resell exchange at Spring @ Katong to day. It surpasses the previous log earnings of $1.24 million set last March when a 1,044 sq ft unit yielded $1.85 million ($1,772 psf).
Robinson Suites is a freehold condo at 50 Robinson Roadway in the CBD in District 1. The property development contains an one tower real estate 167 condominiums. Units consist of one- and two-bedroom apartments ranging from 484 sq ft to 990 sq ft. There are additionally six penthouse units extending from 1,087 to 1,410 sq ft.
The 2nd most successful condominium reselling transaction throughout the duration in evaluation took place at RiverGate. A four-bedroom unit evaluating 1,798 sq ft changed hands for $5.05 million ($2,809 psf) on Jan 29. The seller, that acquired the unit for $3.27 million ($1,820 psf) in February 2010, netted a growth of around $1.78 million (54%) on the transfer after having the condo for 14 years.
Spring @ Katong is an estate property development on Ceylon Road in District 15. The 52-unit property was finished in 2006. It has 2 residence blocks containing 2- and three-bedroom units from 990 to 1,701 sq ft. The development is in just walking range of the Marine Parade MRT Terminal on the Thomson-East Coast Line.
This is one of the most profitless resale purchase that has happened at Robinson Suites to day, based on files gathered on EdgeProp Research study. It overtakes the previous track record decrease of $944,000 gotten by the dealer of a 990 sq ft unit that fetched $1.83 million ($1,846 psf) in March 2023.
Situated in District 9, RiverGate is a property venture that was finished in 2009. It comes with 545 units across three 43-storey blocks. Units consist of a mix of two- to four-bedroom flats measuring in between 1,023 and 3,918 sq ft.
Lentor Modern Guocoland Limited
In the meantime, the most unprofitable condo resale transactions throughout the period in review was the transaction of a flat at Robinson Suites. The two-bedroom unit spanning 936 sq ft was cost $1.8 million ($1,922 psf) on Jan 29. It was bought by the seller in May 2013 for $2.78 million ($2,972 psf). For this reason, they netted a reduction of around $984,000 (35%) after holding the condominium for almost 11 years.
The unit offered on Jan 29 is the initial residence at Robinson Suites to replace hands since last September when a 614 sq ft unit fetched $1.45 million ($2,363 psf).
One of the most valuable apartment reselling sale in the course of the week of Jan 23 to 30 was the sale of a double penthouse at Spring @ Katong. The 1,679 sq ft, three-bedroom unit brought $2.92 million ($1,739 psf) on Jan 23. The seller had already purchased the unit via the developer for around $865,000 ($515 psf) in January 2005. Therefore, they made a profit of $2.055 million (238%) after securing the unit for 19 years.
