One of the most rewarding resale transaction throughout the week of May 31 to June 7 was that of a 2,433 sq ft, three-bedroom unit at Camelot By-The-Water, a condo on Tanjong Rhu Road in District 15.
The device fetched $4.15 million ($ 1,706 psf) on May 31. The building had actually been acquired for $1.68 million ($ 691 psf) in October 2006. Because of this, the seller earned an earnings of $2.47 million (147%) on the purchase, which equates to an annualised profit of 6% over 15 1/2 years.
Camelot By-The-Water is a 99-year leasehold advancement that was finished in 2000. The 99-unit advancement comprises a mix of three- to five-bedroom devices that range from 2,433 to 5,834 sq ft. The apartment is one of four condominium tasks located on the beachfront of Kallang Basin. The various other advancements are Casurina Cove, Pebble Bay as well as Costa Rhu.
Located Near the Beauty World Mrt Station, the Reserve Residences Is a New Proposed Mixed-Use Development
Sino Group was selected as the winning bidder for Reserve Residences Jalan Anak Bukit. The project is a mixed-use development near an MRT station. The proposal includes a public transit hub, bus interchange, business spots, and civic spaces. A total of three concepts were submitted for the Reserve Residences project. The developer submitted a bid of S$1.03 billion, equivalent to 770 million dollars.
Located near the Beauty World MRT Station, the Reserve Residences is a new proposed mixed-use development. The new development will be an integrated transport hub with retail, office and civic spaces. In addition, it will be close to numerous amenities, such as renowned schools and a plethora of eateries. Its location is also advantageous, with easy access to public transportation and major expressways. The project is slated to be completed by 2022.
The Reserve Residences is expected to be 36 stories tall and will feature a mix of residential and commercial space. The project is similar to the Bukit Timah Shopping Centre, where retail space occupies lower floors and residential units are located on the upper floors. The site is estimated to be three and a half hectares with a gross plot ratio of 3.1. The development will have a total commercial space of 20 000 square metres.
The Tanjong Rhu location enjoys proximity to the Singapore Sports Hub as well as different water sport facilities. It is close to the CBD, Civic District, as well as areas such as Beach Road, Bugis and East Coast.
The unit at Camelot By-The-Water was sold for $4.15 million ($ 1,706 psf) on May 31.
According to URA cautions, the most profitable resale purchase at Camelot By-The-Water was that of a 5,834 sq ft, five-bedroom system, which altered hands for $9 million ($ 1,543 psf) in May 2010. The device was bought for $3.73 million ($ 640 psf) back in June 2000. Hence, the vendor generated a document earnings of $5.27 million (141%), which equates to an annualised profit of 9.2% over 10 years.
Much this year, there has actually just been one various other resale at the condominium: an additional 2,433 sq feet three-bedder was marketed for $3.78 million ($ 1,552 psf) on Jan 5. The system had fetched $3.44 million ($ 1,414 psf) in May 2010. Hence, the seller earned a profit of $335,754 (9%), which is an annualised earnings of 0.8% over 11 years.
Remaining within District 15, the sale of a 2,099 sq ft, four-bedroom unit at The Seafront on Meyer was the 2nd most successful during the week. The unit was cost $4.65 million ($ 2,215 psf) on June 1, having actually been bought for $3.4 million ($ 1,620 psf) in May 2007. As a result, the vendor left with an earnings of $1.25 million (37%), which equates to an annualised earnings of 2.1% over 15 years.
It surpasses the previous document profit, which had been set by a 2,293 sq feet, four-bedroom device that altered hands for $5 million ($ 2,181 psf) on March 24. That unit had actually been acquired for $3.9 million ($ 1,701 psf) in November 2010. Find the listing of various other lucrative bargains any apartment making use of EdgeProp’s collection of research study devices.
The Seafront on Meyer is a freehold advancement that was completed in 2010. The apartment is along Meyer Road in the highly preferable Meyer Road area in the East Coast. New as well as forthcoming projects in the area include One Meyer, Meyer Mansion, Meyerhouse as well as Liv @ MEGABYTES. The area is offered by significant roads and expressways such as Mountbatten Road as well as East Coast Parkway. It is also near 2 MRT stations on the upcoming Thomson-East Coast Line, namely Katong Park and Tanjong Katong.
Based on EdgeProp’s building study devices, The Seafront on Meyer has appreciated a price uptrend over the past years. The ordinary selling price at the apartment was about $1,592 psf in May 2012, contrasted to $1,967 psf in May 2022.
A 2,842 sq ft, four-bedroom system brought $7.7 million ($ 2,710 psf) on May 31. The system had altered hands for $9.86 million ($ 3,471 psf) back in July 2007.
The sale of a four-bedroom device at Cliveden at Grange for $7.7 million ($ 2,710 psf) on May 31 saw the 5th consecutive loss at the high-end condo this year.
EdgeProp previously reported that Cliveden at Grange had actually seen a string of unprofitable resales over the past two years. The most up to date purchase makes it the 5th successive loss at the luxury condominium in the very first six months of this year.
One of the most unprofitable resale purchase at Cliveden at Grange, according to cautions, was that of a 2,842 sq ft, four-bedroom system, which fetched $7.6 million ($ 2,674 psf) on May 17. The system was purchased for $9.94 million ($ 3,496 psf) in July 2007. Hence, the vendor made a record loss of $2.34 million (24%), which translates to an annualised loss of 1.8% over near 15 years.
Cliveden at Grange is a freehold deluxe condominium along Grange Road in prime District 10. The 110-unit growth is close to the Orchard Road buying belt, as well as various other premium domestic projects along Orchard Boulevard as well as Cuscaden Road.
The device brought $4.15 million ($ 1,706 psf) on May 31. According to URA caveats, the most rewarding resale transaction at Camelot By-The-Water was that of a 5,834 sq ft, five-bedroom system, which altered hands for $9 million ($ 1,543 psf) in May 2010. The unit was sold for $4.65 million ($ 2,215 psf) on June 1, having actually been bought for $3.4 million ($ 1,620 psf) in May 2007. A 2,842 sq feet, four-bedroom system fetched $7.7 million ($ 2,710 psf) on May 31. The most unprofitable resale transaction at Cliveden at Grange, according to caveats, was that of a 2,842 sq ft, four-bedroom system, which fetched $7.6 million ($ 2,674 psf) on May 17.