Four-bedder at Nassim 9 sold for $4.4 mil profit
The unit sold on Oct 27 clocked the highest possible cost negotiated at the property development on both psf together with absolute bases. Before this, one of the most latest deal at Nassim 9 occurred in April 2012 the moment a 3,143 sq ft unit was yielded $8.8 million ($2,800 psf), which also regarded the recent psf- and absolute-price highs for the apartment.
The residence was one of a number of secondhand units to be offered underneath their purchase costs in the last two years, according to data gathered by the EdgeProp Research study tool. The most unlucrative transaction at the development happened in July 2020, when a 3,854 sq ft unit was fetched $5.85 million ($1,518 psf), with the vendor sustaining a loss of $4.8 million.
Nassim 9, a shop luxury development completed in 2002, has just 8 units property in a four-storey establishment. It lies within strolling range of Orchard Blvd MRT Station (on the Thomson-East Coast Line), that is due to open on Nov 13. The Botanic Gardens, Tanglin Shopping Mall and also The Forum are likewise within walking distance.
One of the most unlucrative deal filed for the week was the profit of a unit at Reflections at Keppel Bay, situated along Keppel Bay View in District 4. On Oct 31, a unit measuring 2,379 sq ft on the 27th level fetched $4.3 million ($1,808 psf). The seller had actually acquired the unit for $5.4 million ($2,278 psf) in May 2007. Hence, they incurred a loss of 20.6% or $1.1 million over a 15 1/2-year holding duration.
Reflections at Keppel Bay is a 1,129-unit beachfront luxury property development by Keppel Land. The 99-year leasehold structure, with 6 housing towers and 11 villa apartment blocks, was done in 2011.
The sale of a 3,423 sq ft unit at Nassim 9, an estate project on Nassim Road in prime Area 10, was one of the most rewarding agreement documented throughout the week of Oct 25 to Nov 1. The four-bedroom unit, which changed hands for $11.2 million ($3,272 psf) on Oct 27, had recently been purchased by the vendor for $6.8 million ($1,987 psf) in October 2009, equating to an acquire of $4.4 million, or 64.7%, over the 13-year holding period.
The Oceanfront @ Sentosa Cove is a 99-year leasehold, ultra-luxury condominium in the Sentosa Cove territory in District 4. Located on an islet, the sea-facing residence was established by a mutual venture in between City Developments and TID (a partnership in between Hong Leong Holdings and Mitsui Fudosan) and even completed in 2010. The property includes five towers ranging from 13 to 15 floors high, as well as a total of 264 units. Unit sizes begin with 1,216 sq ft for a two-bedroom flat, increasing to 8,095 sq ft for the biggest penthouse.
The second-most profitable transaction for the week occurred at The Oceanfront @ Sentosa Cove. A duplex penthouse measuring 5,985 sq ft on the 15th floor was sold for $14.3 million ($2,389 psf) on Oct 28. The owner had acquired the unit for $11.5 million ($1,922 psf) in June 2009, which implies they raked in a $2.8 million (24.3%) earnings on the deal after holding the building for 13 1/2 years.
