The unprofitable deal throughout the week of June 30 to July 7 happened at Reflections at Keppel Bay, in which a 2,260 sq feet four-bedroom unit was offered in a reduction of $2.15 million. The seller bought the 31st-floor unit at August 2010 for $6.15 million ($2,720 psf) and marketed it on June 30 for $4 million ($1,770 psf), enduring a 35% reduction or an annualised reduction of 4% over nearly ten decades.
Reflections at Keppel Bay is a 99-year condo by developer Keppel Land, also made by world-renowned architect, Daniel Libeskind. The District 4 home includes a total of 1,129 units across six towers of between 24 and 41 storeys in height, along with 11 six- to eight-storey villa flat blocks. It’s a five-minute driveway to VivoCity and 10-minute drive to Sentosa. Nearby green spaces comprise Mount Faber Park and Telok Blangah Hill Park.
The 2nd greatest loss incurred during precisely the exact same period was that the purchase of a 2,088 sq feet, three-bedroom unit in Orchard Scotts. The fifth-floor apartment has been bought for $4.05 million ($1,939 psf) at October 2009 and marketed for $3.46 million ($1,657 psf) on July 1, which translates into a reduction of $590,000 (15%), or 1% per year in approximately 11 decades.
Produced by Far East Organization, the 387-unit Orchard Scotts is situated on Anthony Roadoff Clemenceau Avenue North. It’s a nine-minute wander from Newton MRT Station, which will be an interchange for its North-South Line and Downtown Line. The District 9 home is near Cairnhill Road and Orchard Road.
The next most populous sale during the time was to get a 1,055 sq feet, two-bedroom attic unit on the 13th floor in Fulcrum on Fort Road. The reduction was 274,930 (14%), or 2% per year over eight decades.
It’s within 10 minutes by car to the CBD through the East Coast Parkway (ECP), and to Kallang Wave Mall and Parkway Parade.
On the flip side, the most lucrative deal throughout the week was that the purchase of a 1,518 sq feet, four-bedroom unit in The Sea View. The 18-floor unit totaled a 120% gain of $1.5 million, was purchased in October 2005 for $1.24 million ($820 psf) and marketed on July 1 for $2.74 million ($1,804 psf). This translates into an annualised gain of 6% over nearly 15 decades.
The Sea View on Amber Road is a freehold growth by Wheelock Properties containing 23 storeys and 546 units. It’s a seven-minute drive to CBD utilizing ECP or even Nicoll Highway.
The 2nd most rewarding deal in precisely the exact same period was to get a unit in Varsity Park Condominium on West Coast Road in District 5.
Varsity Park Condominium is a 99-year leasehold condo developed by CapitaLand. Comprising 530 units, the evolution is a brief drive to West Coast Plaza and The Clementi Mall.
The next top advantage for the interval was chalked up with a four-bedroom apartment measuring 2,422 sq feet on the 13th floor of Horizon Towers in prime District 9. It was purchased for $2 million ($826 psf) at June 2009 and sold for $3.2 million ($1,321 psf) on July 1, making the vendor a 60% gain of $1.2 million, or an annualised gain of 4% over 11 decades.
It is close to the Orchard Road premium shopping place, the Orchard MRT station and forthcoming Great World City MRT station.