Four-bedder at Trevose Park achieves record profit of $3.4 mil
One of the most unlucrative resell transaction throughout the week in evaluation was the sale of a two-bedroom unit at Liberte. The 1,324 sq ft unit on the 12th floor was sold for $2.1 million ($1,586 psf) on March 4, after formerly being acquired for $2.8 million ($2,117 psf) in March 2013. This notes a loss of about $703,000 (25.1%), or an annualised loss of 2.1% over 13 years for the seller.
Based on cautions lodged, this transaction is the record loss at the development. Before this, one of the most unlucrative arrangement happened 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 dealer made a deficit of about $348,800, converting to an annualised loss of 4.6% in simply over five years.
On the other hand, Reflections at Keppel Bay documented the 2nd most unprofitable condominium resale purchase 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 bought for $3.58 million ($2,306 psf) in February 2011. Thus, the vendor accumulated a deficit of more than $674,000 (18.9%) and an annualised losses of 1.4% on top of 15 years.
The second-highest gain throughout the week in review originated from the sale of a four-bedroom unit at Riveredge. The 1,604 sq ft unit on the 10th floor fetched $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 documenting an earnings of $2.07 million (180.1%) and an annualised growth of 6.3% over 17 years.
This is the 2nd most valuable resale deal for Riveredge. The record presently 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 profit of $2.08 million, or an annualised gain of 5.1% accross 15 years.
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 acquired for $1.82 million ($712 psf) in April 2001. This implies the vendor reaped a document earnings of $3.43 million (187.8%), or an annualised growth of 4.3% over almost 25 years.
To day, this is one of the most lucrative resell purchase at Trevose Park, surpassing the last record increase of $3.41 million, the moment a 2,788 sq ft four-bedder changed hands for $5.2 million ($1,865 psf) in March 2024. The same unit had been bought for $1.79 million ($642 psf) in December 2001, translating to an annualised gain of 4.9% after 22 years.
The freehold condo 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’ Academy and St Joseph’s Institution. Stevens MRT Station on the Thomson-East Coast and Downtown Lines is across the street, while amenities at Chancery Court and Coronation Shopping Plaza are within a six-minute drive.
Settling along Sampan Place in District 15, Riveredge is a 99-year leasehold condominium with 135 units in an one 18-storey high rise. It gives a mix of two- to four-bedroom apartments and penthouses evaluating 980 to 3,208 sq ft. Completed in 2008, the condo fronts the Geylang River and is within walking range of Mountbatten MRT Station on the Circle Line and Katong Park MRT Station on the Thomson-East Coast Line.
Reflections at Keppel Bay is a freehold condominium finished in 2011. It has 1,129 units throughout 6 skyscraper towers and 11 low-rise villa blocks. Telok Blangah MRT Stop is a 10-minute walk away, with VivoCity and HarbourFront Facility one stop distant via the MRT.
On the other hand, the most unlucrative transaction at Reflections at Keppel Bay happened when a 7,050 sq ft penthouse on the 40th level fetched $11 million ($1,560 psf) in September 2021, after its initial 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.
