Four-bedder at Nassim 9 sold for $4.4 mil profit
The condominium was just one of several resale units to be sold below their purchase costs in the last 2 years, according to data compiled by the EdgeProp Research tool. The most unprofitable transactions at the development happened in July 2020, when a 3,854 sq ft unit was fetched $5.85 million ($1,518 psf), with the seller accumulating a loss of $4.8 million.
Reflections at Keppel Bay is a 1,129-unit waterfront high-end development by Keppel Land. The 99-year leasehold structure, with six residential towers as well as 11 villa apartment blocks, was done in 2011.
The unit sold off on Oct 27 clocked the greatest rate negotiated at the property on both psf and even absolute bases. Prior to this, one of the most latest deal at Nassim 9 took place in April 2012 when a 3,143 sq ft unit was yielded $8.8 million ($2,800 psf), which additionally marked the recent psf- and absolute-price highs for the apartment.
The sale of a 3,423 sq ft unit at Nassim 9, an estate project on Nassim Road in top Community 10, was the most rewarding purchase documented during the week of Oct 25 to Nov 1. The four-bedroom unit, that transformed hands for $11.2 million ($3,272 psf) on Oct 27, had recently been acquired by the vendor for $6.8 million ($1,987 psf) in October 2009, translating to an achieve of $4.4 million, or 64.7%, more than the 13-year retaining duration.
The most unlucrative deal filed for the week was the profit of a unit at Reflections at Keppel Bay, located 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 retailer had bought the unit for $5.4 million ($2,278 psf) in May 2007. Therefore, they incurred a decrease of 20.6% or $1.1 million over a 15 1/2-year holding period.
Nassim 9, a shop high-end development completed in 2002, has only 8 units housed in a four-storey establishment. It is located within walking distance of Orchard Blvd MRT Terminal (on the Thomson-East Coast Line), which is due to launch on Nov 13. The Botanic Gardens, Tanglin Shopping Center and also The Forum are likewise in just walking proximity.
Lentor Hills Residences showflat location
The second-most profitable deal for the week happened at The Oceanfront @ Sentosa Cove. A double penthouse measuring 5,985 sq ft on the 15th floor was cost $14.3 million ($2,389 psf) on Oct 28. The seller had purchased the unit for $11.5 million ($1,922 psf) in June 2009, which means they generated a $2.8 million (24.3%) profit on the proceeding after holding the building for 13 1/2 years.
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 also TID (a partnership between Hong Leong Holdings plus Mitsui Fudosan) and even completed in 2010. The project consists of 5 towers ranging from 13 to 15 floors high, and a total of 264 units. Unit measurements begin with 1,216 sq ft for a two-bedroom apartment, rising to 8,095 sq ft for the biggest penthouse.
