Read related story: Home Sales Volume Gained 58.1% in Extravagance during Q2
The very best profit during the week of Sept 15 to 22 was out of the sale of a 3,595 sq ft unit in Island View on Jalan Mat Jambol at District 5. Previously bought for about $ 1.48 million ($412 psf) in August 2000, it had been sold for about $ 3.8 million ($1,057 psf) on Sept 17. The four-bedroom apartment reaped a 157% gain of $2.32 million to the vendor, which translates into an annualised gain of 4.8% over a holding period of 20 decades.
Island View is a 72-unit freehold development situated within a 10-minute stroll to Pasir Panjang MRT Station on the Circle Line. It’s within a five-minute driveway to NUS, NUH, Fusionopolis and Insead, in Addition to a 15-minute drive into the CBD and Holland Village.
The 2nd top advantage of this week was out of the sale of a 2,411 sq feet, four-bedroom unit in The Waterside on the 13th floor. It consequently reaped a $2.05 million gain for the vendor, or an annualised 4.3% over 181/2 decades.
The Waterside on Tanjong Rhu Road at District 15 includes 502 units across six cubes. The freehold growth is situated contrary Dunman High School and is 10 minutes by foot into Katong Park and East Coast Park.
The next greatest gain was created by the vendor of a unit in The Chuan, a 106-unit growth by Kheng Leong Co at District 19. The job is 99-year leasehold.
The 1,464 sq ft unit with four bedrooms, situated on the 14th floor, was offered for about $ 2.35 million ($1,605 psf) on Sept 17. It had been formerly bought for about $ 1.066 million ($728 psf). This afforded a 120% gain of $1.284 million, or an annualised gain of 5.7% more than 14 decades, for the vendor.
The Chuan is a four-minute stroll into Lorong Chuan MRT Station on the Circle Line. Nearby malls comprise Junction 8 and Nex Shopping Centre.
On the flip side, the very best reduction over the week in review was incurred from the vendor of a 5,113 sq ft duplex penthouse in Latitude. The 23rd-floor unit includes a private elevator lobby and loves condominium amenities like a swimming pool, tennis court and playground. This meant that the vendor endured a 28% reduction of $3.5 million, which can be annualised at 4.2% over 71/2 decades.
It’s close Great World City shopping center and will be a 10-minute walk into the coming Great World MRT Station.