The most profitable transaction this week was sale of a 2,153 square feet property at the Turquoise property located on Sentosa island. The seller had sold the property for $3.45 million ($1,603 per square foot) the seller incurred the loss of 40% decrease that was $2.32 million. The property was bought at the end of October 2007, for $5.77 million ($2,681 per sq ft). For a period that lasted 14 years amounts to a loss per year in the range of 4%.
Belgravia Ace total units featuring 3-storey 100 strata terrace houses and 18 strata semi-detached houses in a perfect ambience.
Turquoise located situated on Cove Drive in District 4 is comprised of 91 units under 99-year leasehold. The project was completed in the year 2010. It’s a short drive from Harbourfront MRT Interchange Station on the North-East and Circle Lines.
On the other hand the owner of a unit in Hills Apartment located situated on Goldhill Avenue, made the most profit of $3.63 million in the period from Nov 30 through Dec 7. The 3,638 square feet unit located on the second floor was purchased at $2.68 million ($735 per square foot) during April of 2004, and was sold for $6.3 million ($1,732 per square foot) on December 1. The seller thus realized an impressive 130% profit, which is an annualized gain five% over the course of nearly 18 years.
located in District 11. Hills Apartment was completed in 1975. It consists of the 10 units that are freehold. It’s a short drive to the planned Mount Pleasant MRT Station on the Thomson-East Coast Line.
The second highest gain during the past week with an average of 281% profit of $3.17 million located at Jaya Tower located located on Bukit Timah Road. The 2,024 square feet unit located on the 4th floor bought at $1.13 million ($558 per square foot) during November of 2001. The unit was it was sold at $4.3 million ($2,125 per sq ft) on December 6. The seller made a profit per year in the range of seven% over the course of 20 years.
Jaya Tower, in District 10 is comprised of 28 freehold units. It was completed in the year 1979. It’s just a seven-minute walk from Stevens MRT Station on the Downtown Line.
A unit that was sold on Dec 3 at the Marbella located along Mount Sinai Rise in District 10 and amounted to the third-highest gain during the course of the week, earning an 191% return in the amount of $2.13 million to the buyer. The 1,82 square feet unit located on the 16th floor was purchased in January in 2005 at $1.12 million ($708 per sq ft) The unit was then it was sold at $3.25 million ($2,054 per square foot) on December 3. The seller thus earned an annual gain of seven% over the span of nearly 17 years.
The Marbella includes 239 freehold units, and was completed in the year 2005. It’s a drive of six minutes to the planned Dover MRT Station on the East-West Line.