Four-bedder at Trevose Park achieves record profit of $3.4 mil
Reflections at Keppel Bay is a freehold apartment completed in 2011. It has 1,129 units throughout 6 high-rise towers and 11 low-rise suite blocks. Telok Blangah MRT Station is a 10-minute walking away, with VivoCity and HarbourFront Centre one stop distant via the MRT.
To date, this is the most lucrative resale deal at Trevose Park, surpassing the previous document increase of $3.41 million, the minute a 2,788 sq ft four-bedder switched controls for $5.2 million ($1,865 psf) in March 2024. The exact 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.
The most worthless resell deal during the week in assessment was the sale of a two-bedroom unit at Liberte. The 1,324 sq ft unit on the 12th ground was cost $2.1 million ($1,586 psf) on March 4, after previously being bought 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 seller.
On the other hand, one of the most unlucrative transaction at Reflections at Keppel Bay took place when a 7,050 sq ft penthouse on the 40th floor fetched $11 million ($1,560 psf) in September 2021, after its first acquisition at $17.98 million ($2,550 psf) in May 2007. The deal worked out to a $6.98 million loss, or an annualised loss of 3.4% over 14 years.
This is the second most valuable resale deal 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 bought the unit for $1.82 million ($965 psf) in April 2008, earned an earnings of $2.08 million, or an annualised yield of 5.1% accross 15 years.
On the other hand, Reflections at Keppel Bay recorded the 2nd most unsuccessful condominium resale transaction of the week. A 1,550 sq ft, three-bedroom unit on the 36th floor changed 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 vendor accumulated a deficit of greater than $674,000 (18.9%) and an annualised defeat of 1.4% over 15 years.
The freehold condo was finished in 1991, with 150 units spread out across 5 blocks. Positioned on Trevor Crescent in District 11, it is nearby to Raffles Town Club, Singapore Chinese Girls’ University and St Joseph’s Institution. Stevens MRT Stop on the Thomson-East Coast and Downtown Lines is close, while features at Chancery Court and Coronation Shopping Plaza are within a six-minute drive.
The second-highest achievement throughout the week in evaluation originated from the sale of a four-bedroom unit at Riveredge. The 1,604 sq ft unit on the 10th floor brought $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 recording a revenue of $2.07 million (180.1%) and an annualised growth of 6.3% over 17 years.
Based on cautions lodged, this purchase is the record loss at the advancement. Before this, the most unprofitable deal happened when a 648 sq ft one-bedroom unit was cost $1.25 million ($1,935 psf) in 2018, after being bought for $1.6 million ($2,475 psf) in January 2013. The vendor made a deficit of about $348,800, translating to an annualised loss of 4.6% in simply over 5 years.
A four-bedroom residence at Trevose Park was one of the most rewarding condominium 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 gained a record profit of $3.43 million (187.8%), or an annualised profit of 4.3% over almost 25 years.
Positioning along Sampan Place in District 15, Riveredge is a 99-year leasehold apartment with 135 units in a solitary 18-storey high rise. It gives a mix of two- to four-bedroom apartments and penthouses measuring 980 to 3,208 sq ft. Finished in 2008, the condo fronts the Geylang River and is within walking range of Mountbatten MRT Station on the Circle Line and Katong Park MRT Terminal on the Thomson-East Coast Line.
