Four-bedder at Nassim 9 sold for $4.4 mil profit


Nassim 9, a shop luxury project finalized in 2002, has only 8 units property in a four-storey establishment. It rises within walking range of Orchard Boulevard MRT Terminal (on the Thomson-East Coast Line), that is due to start on Nov 13. The Botanic Gardens, Tanglin Mall as well as The Forum are additionally within strolling range.

The most unprofitable transaction recorded for the week was the sale 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 floor obtained $4.3 million ($1,808 psf). The dealer had actually acquired the unit for $5.4 million ($2,278 psf) in May 2007. Thus, they incurred a loss of 20.6% or $1.1 million over a 15 1/2-year holding duration.

The sale of a 3,423 sq ft unit at Nassim 9, a real estate project on Nassim Street in prime District 10, was the most rewarding agreement recorded during the week of Oct 25 to Nov 1. The four-bedroom unit, that changed hands for $11.2 million ($3,272 psf) on Oct 27, had actually been bought by the vendor for $6.8 million ($1,987 psf) in October 2009, translating to an achieve of $4.4 million, or 64.7%, over the 13-year holding period.

The residence was just one of a number of resell units to be sold below their acquisition prices in the last 2 years, according to data collected by the EdgeProp Investigation resource. The most unprofitable transactions at the development occurred in July 2020, when a 3,854 sq ft unit was realized $5.85 million ($1,518 psf), with the vendor accumulating a loss of $4.8 million.

Reflections at Keppel Bay is a 1,129-unit waterfront luxury property by Keppel Land. The 99-year leasehold structure, with 6 housing towers and also 11 accommodation residence blocks, was finished in 2011.

The Oceanfront @ Sentosa Cove is a 99-year leasehold, ultra-luxury apartment in the Sentosa Cove enclave in District 4. Situated on an islet, the sea-facing condo was developed by a joint venture between City Developments and TID (a collaboration between Hong Leong Holdings together with Mitsui Fudosan) and completed in 2010. The development includes five towers varying from 13 to 15 floors tall, and also an overall of 264 units. Unit sizes start from 1,216 sq ft for a two-bedroom apartment, rising to 8,095 sq ft for the biggest penthouse.

The unit retailed on Oct 27 clocked the highest cost worked out at the property on both psf together with absolute bases. Before this, the most recent transaction at Nassim 9 occurred in April 2012 the moment a 3,143 sq ft unit was sold for $8.8 million ($2,800 psf), which also registered the previous psf- and absolute-price highs for the condominium.

Avenir Condo Singapore

The second-most successful transaction for the week took place at The Oceanfront @ Sentosa Cove. A duplex penthouse measuring 5,985 sq ft on the 15th floor was marketed for $14.3 million ($2,389 psf) on Oct 28. The owner had bought the unit for $11.5 million ($1,922 psf) in June 2009, which indicates they generated a $2.8 million (24.3%) earnings on the transaction after holding the property for 13 1/2 years.


error: Content is protected !!