Four-bedder at Trevose Park achieves record profit of $3.4 mil
Based upon caveats lodged, this purchase is the record loss at the development. Prior to this, the most unprofitable offer took place when a 648 sq ft one-bedroom unit was sold for $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 regarding $348,800, translating to an annualised loss of 4.6% in just over 5 years.
To date, this is one of the most profitable resell deal at Trevose Park, surpassing the previous document gain 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 very same unit had actually been purchased for $1.79 million ($642 psf) in December 2001, converting to an annualised growth of 4.9% after 22 years.
A four-bedroom flat at Trevose Park was the most rewarding apartment resale purchase 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. Previously, the unit was bought for $1.82 million ($712 psf) in April 2001. This indicates the vendor reaped a document earnings of $3.43 million (187.8%), or an annualised profit of 4.3% over almost 25 years.
Settling near Sampan Place in District 15, Riveredge is a 99-year leasehold condo with 135 units in a single 18-storey tower. It provides a mix of 2- to four-bedroom flats and penthouses evaluating 980 to 3,208 sq ft. Completed in 2008, the apartment fronts the Geylang River and is inside walking proximity of Mountbatten MRT Stop on the Circle Line and Katong Park MRT Station on the Thomson-East Coast Line.
In the mean time, Reflections at Keppel Bay recorded the 2nd most unsuccessful condo resale deal of the week. A 1,550 sq ft, three-bedroom unit on the 36th floor altered 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 seller accumulated a deficit of greater than $674,000 (18.9%) and an annualised defeat of 1.4% more than 15 years.
This is the second most profitable resale transaction for Riveredge. The record presently comes from a 1,884 sq ft four-bedroom unit that cost $3.9 million ($2,070 psf) in October 2023. The seller, who purchased the unit for $1.82 million ($965 psf) in April 2008, earned a profit of $2.08 million, or an annualised gain of 5.1% accross 15 years.
The most unlucrative resell transaction throughout the week in assessment was the sale of a two-bedroom unit at Liberte. The 1,324 sq ft unit on the 12th floor was yielded $2.1 million ($1,586 psf) on March 4, after formerly being acquired for $2.8 million ($2,117 psf) in March 2013. This marks a loss of regarding $703,000 (25.1%), or an annualised loss of 2.1% over 13 years for the vendor.
The freehold condominium was finished in 1991, with 150 units spread out across 5 blocks. Placed on Trevor Crescent in District 11, it is adjacent to Raffles Town Club, Singapore Chinese Girls’ School and St Joseph’s Institution. Stevens MRT Stop on the Thomson-East Coast and Downtown Lines is nearby, while amenities at Chancery Court and Coronation Shopping Plaza are within a six-minute drive.
Reflections at Keppel Bay is a freehold condo finished in 2011. It has 1,129 units throughout 6 high-rise towers and 11 low-rise suite blocks. Telok Blangah MRT Stop is a 10-minute walk away, with VivoCity and HarbourFront Center one stop distant using the MRT.
The second-highest achievement during the week in evaluation came 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, therefore reporting an earnings of $2.07 million (180.1%) and an annualised gain of 6.3% over 17 years.
Meanwhile, the most unprofitable deal 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 first purchase 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.
