One of the most rewarding resale handle the week of April 26 to May 3 was that of a Luminar Grand EC 3,509 sq ft, freehold five-bedroom penthouse at Nassim Park Residences.
It changed hands for a whopping $13.2 million ($ 3,762 psf) on April 27 The fifth-floor apartment or condo was initially acquired in June 2008 for $10.9 million ($ 3,102 psf). The seller enjoyed an earnings of $2.3 million (21%), equating to an 1.4% annualised earnings over a duration of virtually 14 years.
Amo Residences Ang Mo Kio Avenue 1 UOL Group Location
Located at Ang Mo Kio Ave 1, The Panorama – Ang Mo Kio is a new condominium development from the UOL Group. The building offers an innovative living environment, modern facilities, and a number of recreational activities. The development company is a joint venture of UOL, Singapore Land Group, and Kheng Leong. Together, they have impressive portfolios and track records in the residential, commercial, and hospitality sectors in Singapore.
The development is surrounded by landed estates that give residents a scenic view of the surroundings. The Panorama offers a tranquil, suburban lifestyle, with easy access to recreational facilities. Residents will also be close to prestigious schools, including Nanyang Polytechnic University, Anderson Junior College, and James Cook University. This is a prime location for a new condominium, and UOL hopes to take full advantage of this.
The 3,509 sq ft, estate penthouse unit at Nassim Park Residences was cost $13.2 million on April 27.
Completed in 2011, the 100-unit property condo lies on Nassim Road in prime District 10. Established by a joint venture formed by UOL Group, Orix Capital and also Kheng Leong Carbon monoxide, the property is located in Singapore’s the majority of coveted residential address.
It is within a brief walk to both Tanglin Mall and Orchard Road shopping belt, in addition to the Singapore Botanic Gardens. The nearby MRT terminal is the upcoming Orchard Boulevard MRT Station on the Thomson-East Coast Line, which is scheduled to be completed later this year. Various other amenities in the vicinity include Camden Medical and also Gleneagles Hospital as well as Medical Centre, in addition to deluxe resorts such as The St Regis Singapore, Four Seasons Hotel as well as the upcoming Artyzen Hotel in addition to Edition Hotel.
When a 6,954 sq ft penthouse apartment or condo transformed hands for $24 million ($ 3,468 psf), the most rewarding deal at Nassim Park Residences took area in April 2011. It was previously purchased for $18 million ($ 2,600 psf) in July 2008. The deal enjoyed an earnings of $6.2 million (31.4%), converting to an annualised gain of 11.7% over virtually three years.
The 2nd most-profitable offer of the week happened at Rivergate, a 545-unit, freehold condo located at Robertson Quay, in prime District 9. Completed in 2009 and also established by CapitaLand, it is the very first property growth to be accorded landmark status by URA. Various other domestic advancements close by are Martin Modern, Martin Place Residences and also the future high-end job, The Avenir, at River Valley Close.
Great World City is a short drive away, as well as the upcoming Great World MRT Station (on the Thomson-East Coast Line) which will be finished later this year. Orchard Road as well as the CBD are likewise quickly available by vehicle.
The most recent transaction at Rivergate was the sale of a 1,496 sq ft, three-bedroom unit for $4.1 million ($ 2,740 psf) on April 28 The 11th-floor unit was previously bought for less than half the Tengah Plantation Close EC rate at $1.8 million ($1,235 psf) in November 2005. A capital gain of $2.3 million (122%) was enjoyed from the deal, comparable to an annualised profit of 5% over 16 1/2 years.
The most lucrative deal at Rivergate occurred in September in 2014, with the sale of a 3,100 sq ft, four-bedroom house for $7.3 million ($2,348 psf). The unit had actually previously transformed hands for $3.5 million ($1,115 psf) in June 2005, based on URA caveats. The vendor made a resources gain of $3.8 million (76.5%), comparable to an annualised earnings of 4.7% over 16 1/2 years.
On the other hand, one of the most unlucrative deal for the week in testimonial was the sale of a 1,119 sq ft, two-bedder at One Shenton. The unit was cost $1.7 million ($1,563 psf) on April 28, as well as had actually been previously acquired for $2.1 million ($1,903 psf) in February 2011. Therefore, there was a loss of about $380,000 (18%), translating to an annualised loss of 1.7% over 11 years.
A two-bedder at One Shenton made a loss of concerning $380,000 on April 28.
One Shenton is a 99-year leasehold deluxe residence situated in the heart of the CBD in prime District 1. It was developed by City Developments and finished in 2011.
The vendor enjoyed a profit of $2.3 million (21%), converting to an 1.4% annualised Hillhaven Condo revenue over a duration of virtually 14 years.
The most profitable bargain at Nassim Park Residences took location in April 2011 when a 6,954 sq feet penthouse home transformed hands for $24 million ($ 3,468 psf). The offer enjoyed an earnings of $6.2 million (31.4%), equating to an annualised gain of 11.7% over almost 3 years.
The most successful deal at Rivergate took place in September last year, with the sale of a 3,100 sq ft, four-bedroom apartment for $7.3 million ($2,348 psf). The device was offered for $1.7 million ($1,563 psf) on April 28, and also had actually been previously acquired for $2.1 million ($1,903 psf) in February 2011.