Four-bedder at Trevose Park achieves record profit of $3.4 mil
Positioning along Sampan Place in District 15, Riveredge is a 99-year leasehold apartment with 135 units in a solitary 18-storey high rise. It gives a mix of 2- to four-bedroom residences and penthouses evaluating 980 to 3,208 sq ft. Completed in 2008, the condo fronts the Geylang River and is within walking proximity of Mountbatten MRT Station on the Circle Line and Katong Park MRT Station on the Thomson-East Coast Line.
Based upon caveats lodged, this transaction is the record loss at the growth. Prior to this, 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, equating to an annualised loss of 4.6% in just over 5 years.
The second-highest return 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 brought $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, thus recording an earnings of $2.07 million (180.1%) and an annualised gain of 6.3% over 17 years.
To day, this is the most lucrative resell transaction at Trevose Park, beating the previous document increase of $3.41 million, the minute a 2,788 sq ft four-bedder shifted controls for $5.2 million ($1,865 psf) in March 2024. The very same unit had been acquired for $1.79 million ($642 psf) in December 2001, converting to an annualised gain of 4.9% after 22 years.
This is the 2nd most profitable resale purchase for Riveredge. The record at the moment comes from a 1,884 sq ft four-bedroom unit that sold for $3.9 million ($2,070 psf) in October 2023. The vendor, who acquired the unit for $1.82 million ($965 psf) in April 2008, profited a revenue of $2.08 million, or an annualised gain of 5.1% accross 15 years.
Reflections at Keppel Bay is a freehold apartment completed in 2011. It has 1,129 units across six skyscraper towers and 11 low-rise rental property blocks. Telok Blangah MRT Stop is a 10-minute walking away, with VivoCity and HarbourFront Center one stop distant via the MRT.
One of the most unprofitable resell purchase during the week in evaluation was the sale of a two-bedroom unit at Liberte. The 1,324 sq ft unit on the 12th level was sold for $2.1 million ($1,586 psf) on March 4, after previously being bought for $2.8 million ($2,117 psf) in March 2013. This notes a loss of regarding $703,000 (25.1%), or an annualised loss of 2.1% over 13 years for the seller.
A four-bedroom flat at Trevose Park was the most rewarding condo resale transaction 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 bought for $1.82 million ($712 psf) in April 2001. This suggests the vendor gained a document revenue of $3.43 million (187.8%), or an annualised gain of 4.3% over nearly 25 years.
The freehold apartment was finalized in 1991, with 150 units spread across five blocks. Positioned on Trevor Crescent in District 11, it is adjacent to Raffles Town Club, Singapore Chinese Girls’ School and St Joseph’s Institution. Stevens MRT Station on the Thomson-East Coast and Downtown Lines is close, while amenities at Chancery Court and Coronation Shopping Plaza are within a six-minute drive.
On the other hand, one of the most unprofitable deal at Reflections at Keppel Bay happened when a 7,050 sq ft penthouse on the 40th floor brought $11 million ($1,560 psf) in September 2021, after its preliminary acquisition at $17.98 million ($2,550 psf) in May 2007. The offer worked out to a $6.98 million loss, or an annualised loss of 3.4% over 14 years.
Meanwhile, Reflections at Keppel Bay recorded the second most unsuccessful condominium resale deal of the week. A 1,550 sq ft, three-bedroom unit on the 36th floor transformed hands for $2.9 million ($1,871 psf) on March 4, after being purchased for $3.58 million ($2,306 psf) in February 2011. Thus, the vendor accumulated a loss of greater than $674,000 (18.9%) and an annualised loss of 1.4% on top of 15 years.
