The selling of a 3,218 sq feet, four-bedroom unit in Wing On Life Garden has been the most lucrative trade during the week of Sept 8 to 15. The device changed hands for about $ 6.2 million ($1,926 psf) on Sept 11, and was purchased for $2.17 million ($672 psf) in March 1999. This usually means the price has got the seller a clear profit of $4.02 million (185%), which translates into an annualised gain of 5% within 211/2 decades.
The Ryse Residences, mixed development developed by Allgreen Properties & Kerry Properties. For official The Ryse Residences enbloc and showflat appointment to be obtained at www.theryse.sg.
Additionally, this is the most lucrative resale trade ever recorded in the freehold development. It beat the previous record set in 2015, which included a 3,305 sq ft unit which created $3.2 million (139%). This unit travelled for $5.5 million ($1,664 psf) on Feb 15 and was purchased for about $ 2.3 million ($696 psf) back in April 2005.
The 81-unit development has been finished in 1982 and contains four- plus five-bedroom components which vary from 3,218 sq feet to 7,610 sq ft. The condo is situated between Anglo-Chinese School (Barker Road) and Singapore Chinese Girls’ School, also is close Stevens and Newton MRT Stations.
The week in review also found the selling of a 2,713 sq feet, four-bedroom unit in Sky @ Eleven, a freehold improvement in District 11. This usually means the seller got $1.84 million (72%), which translates into an annualised gain of 4% over 131/2 decades. It was the 2nd most rewarding component of this week.
Sky @ Eleven is situated on Thomson Lane from the primary Thomson Road. The 273-unit development includes three- and – four-bedroom units of 1,851 sq feet to 2,8120 sq feet, and penthouses ranging from 4,843 sq feet to 5,597 sq ft.
The growth has listed seven resale arrangements this season, and also the Sept 11 trade has been the very rewarding so much this season. It’s followed by the sale of a 2,271 sq ft unit that brought $3.5 million ($1,541 psf) on July 28 this season. Therefore, the seller made a $1.39 million (66%) profit on the sale of the unit, which also translates into an annualised gain of 3% over 13 decades. The remaining part of the resale trades this season led to earnings ranging from $250,000 to $1.34 million.
The most unprofitable trade during the week happened at Village @ Pasir Panjang, a freehold development along Pasir Panjang Road in District 5. While this unit has been purchased for approximately $ 2.65 million ($1,311 psf) at April 2014, the vendor made a reduction of $503,160 on the purchase, which translates into an annualised reduction of 3% over six decades.
Village @ Pasir Panjang is a 148-unit advancement which has been completed in 2016. It includes two- and – three-bedroom units ranging from 818 sq feet to 2,024 sq ft. The evolution is currently available through Pasir Panjang Road and the West Coast Highway, also is near the National University of Singapore.
You’ve only been resale arrangements at the evolution over the previous two decades, and all them happen to be unprofitable. The Sept 11 resale was the very unprofitable transaction up to now. The second most populous was that the purchase of a 1,033 sq ft unit at May 2018 for about $ 1.42 million ($1,374 psf). Since the owner purchased it for $1.59 million ($1,541 psf) at January 2013, the purchase resulted in a $172,800 reduction, or an annualised reduction of 2% over five decades.
Losses from additional resale arrangements at the growth ranged from $50,800 to $168,000.