Residents of the Reserve Residences Will Be Close to Several Amenities and Entertainment Areas

Resale Freehold Four-bedroom unit at Nassim Mansion Rakes in $2.4 mil Profit

The sale of a 2,852 sq ft, four-bedroom system at Nassim Mansion was the most rewarding resale transaction throughout the week of June 7 to 14. The fourth-floor home was cost $8.19 million ($ 2,871 psf) on June 8. It had formerly brought $5.78 million ($ 2,026 psf) in February 2007. Because of this, the seller earned a profit of $2.4 million (42%), which translates to an annualised earnings of 2.3% over around 15 years.

Residents of the Reserve Residences Will Be Close to Several Amenities and Entertainment Areas

With a central location near two world-class hospitals, The Reserve Residences is the perfect place to stay when you’re in Singapore. Nearby are Ng Teng Fong General Hospital and National University Hospital, which are both great places to visit in case you’re unwell. The modern, elegant residences are also convenient to amenities like international schools and animal clinics. The Reserve Residences is also close to several bus and train stations, making it an excellent choice for busy executives.

The Reserve Residences at Jalan Anak Bukit is a condominium development that is expected to be completed in 2018. The residential estate is within walking distance of the MRT station and is near a beauty world precinct. It will feature an integrated transportation, retail, and food and beverage hub, and will be located in the GLS (green light-sensitive) zone. The project is close to amenities like the Jalan Anak Bukit MRT station, as well as local schools and colleges.

Developers are now invited to submit their concept proposals for the development. Concept proposals must incorporate public spaces and pedestrian networks, as well as quality interiors. The winning concept proposal should also be integrated with the surrounding precinct, and be part of a larger plan to revitalize the district. The Reserve Residences will also be part of a larger revitalization effort. Therefore, developers are encouraged to submit concepts based on the current master plan or a similar concept.

Nassim Mansion is an estate development in the special Nassim Hill domestic enclave in prime District 10. The development is close to the Singapore Botanic Gardens, as well as embassies along Napier Road. Luxury growths along Nassim Hill include The Loft, The Nassim and also the upcoming 19 Nassim.

Completed in 1977, the 72-unit Nassim Mansion consists of four-bedroom units of 2,852 to 3,520 sq ft, along with penthouses of 5,834 to 7,223 sq ft.

The 2,852 sq ft, four-bedroom device at Nassim Mansion was sold for $8.19 million ($ 2,871 psf) on June 8.

According to URA cautions, the most successful resale deal at the condo is for a 7,115 sq ft penthouse unit on the 10th flooring that transformed hands for $16 million ($ 2,249 psf) in June 2007. The unit was obtained for $5.2 million ($ 731 psf) in February 2004. Thus, the vendor made a gain of $10.8 million (207%), which translates to an annualised revenue of 40% over three years.
Nevertheless, caveats show that this specific system ultimately saw a $1.12 million loss (7%) when it transformed hands for $14.88 million ($ 2,091 psf) in April 2019.

A 3,089 sq feet, four-bedroom device was sold for $7 million ($ 2,266 psf) on June 9. The unit was gotten for $5.18 million ($ 1,677 psf) in May 2016.
Discover key residential or commercial property information and appropriate research information on EdgeProp’s research web page.

The 210-unit Goodwood Residence is a freehold growth on Bukit Timah Road in prime District 10. The apartment is close to the major roundabout that connects Bukit Timah Road, Dunearn Road, Newton Road, and also Scotts Road. The apartment is less than 500m from Newton MRT Interchange Station on the North-South and Downtown Lines, and within 1km of Anglo-Chinese School (Primary)

The most up to date resale at Goodwood Residence is the fourth purchase thus far this year. All of the offers so far this year have actually been profitable, with revenues ranging from $420,000 to $2.21 million. One of the most profitable resale until now this year was for a 3,907 sq ft device that brought $9.1 million ($ 2,329 psf) on March 11 this year. Formerly, the system had actually been bought for $6.88 million ($ 1,763 psf) in April 2010. The vendor raked in a $2.21 million (32%) revenue, which translates to an annualised revenue of 2.3% over virtually 12 years.
A two-bedroom unit at Helios Residences was cost $2.8 million, sustaining a loss of $1.35 million.

On the other hand, one of the most unprofitable offer throughout the week was for a 1,313 sq ft, two-bedroom unit at Helios Residences. It was sold for $2.8 million ($ 2,132 psf) on June 8. The device had been bought for $4.15 million ($ 3,162 psf) in July 2007. Therefore, the seller endured a loss of $1.35 million (33%), which equates to an annualised loss of 2.6% over almost 15 years.
Based Upon EdgeProp Singapore’s cost trend research device, the typical market price at Helios Residences has actually been on a down pattern for at the very least the past years. It dropped from about $3,154 psf in May 2012 to $1,872 psf in May 2022.

The most unlucrative sale at Helios Residences was for a 4,629 sq ft, four-bedroom unit that fetched $8.4 million ($ 1,815 psf) in November 2020. The unit had actually been acquired for $14.5 million ($ 3,133 psf) in May 2014.

Helios Residences is a freehold growth on Cairnhill Circle in prime District 9. The 140-unit growth was finished in 2011. The condo consists of two- to four-bedroom devices of 1,281 to 4,629 sq ft.

According to URA caveats, the most lucrative resale bargain at the apartment is for a 7,115 sq ft penthouse system on the 10th floor that changed hands for $16 million ($ 2,249 psf) in June 2007. A 3,089 sq feet, four-bedroom device was marketed for $7 million ($ 2,266 psf) on June 9. The most profitable resale so much this year was for a 3,907 sq ft system that fetched $9.1 million ($ 2,329 psf) on March 11 this year. The system had actually been gotten for $4.15 million ($ 3,162 psf) in July 2007. The most unlucrative sale at Helios Residences was for a 4,629 sq feet, four-bedroom system that brought $8.4 million ($ 1,815 psf) in November 2020.

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