Penthouse at Spring @ Katong reaps $2.06 mil profit

The second most successful condo resale transaction throughout the time in review occurred at RiverGate. A four-bedroom unit computing 1,798 sq ft switched hands for $5.05 million ($2,809 psf) on Jan 29. The seller, who purchased the unit for $3.27 million ($1,820 psf) in February 2010, profited a growth of near $1.78 million (54%) on the dealing after owning the condo for 14 years.

Spring @ Katong is a freehold development on Ceylon Road in District 15. The 52-unit property was finished in 2006. It has 2 residence blocks consisting of two- and three-bedroom units from 990 to 1,701 sq ft. The development is in just walking proximity of the Marine Parade MRT Station on the Thomson-East Coast Line.

The unit sold on Jan 29 is the initial flat at Robinson Suites to change hands from last September when a 614 sq ft unit obtained $1.45 million ($2,363 psf).

The most profitable condo reselling sale during the week of Jan 23 to 30 was the transaction of a duplex penthouse at Spring @ Katong. The 1,679 sq ft, three-bedroom unit obtained $2.92 million ($1,739 psf) on Jan 23. The vendor had bought the unit via the property developer for about $865,000 ($515 psf) in January 2005. As a result, they made a profit of $2.055 million (238%) after securing the unit for 19 years.

This is one of the most unprofitable resale purchase that has taken place at Robinson Suites to date, formed on files collected on EdgeProp Research study. It overtakes the previous record deficit of $944,000 set up by the dealer of a 990 sq ft unit that brought $1.83 million ($1,846 psf) in March 2023.

This is the initial resale documented at RiverGate to date this year. in 2023, the condo viewed 5 units shift hands, every one of which were efficient operations. The units, measuring between 1,539 and 2,088 sq ft, were yielded between $4.3 million and $5.75 million, or in between $2,588 and $2,999 on a psf-price basis. The respective vendors made gains reaching from $1.25 million to $2.56 million.

This is the most worthwhile resell exchange at Spring @ Katong to day. It beats the prior log earnings of $1.24 million set last March when a 1,044 sq ft unit brought $1.85 million ($1,772 psf).

Lentor Hills Residences condo price

Robinson Suites is a freehold condominium at 50 Robinson Road in the CBD in District 1. The project includes a solo tower real estate 167 apartments. Units include one- and two-bedroom residences varying from 484 sq ft to 990 sq ft. There are additionally six penthouse units ranging from 1,087 to 1,410 sq ft.

Located in Area 9, RiverGate is a property plan that was completed in 2009. It has 545 units around three 43-storey blocks. Units comprise a mix of 2- to four-bedroom flats estimating between 1,023 and 3,918 sq ft.

In the meantime, one of the most unsuccessful condo resale transaction during the duration in evaluation was the sale of a condo at Robinson Suites. The two-bedroom unit spanning 936 sq ft was yielded $1.8 million ($1,922 psf) on Jan 29. It was acquired by the seller in May 2013 for $2.78 million ($2,972 psf). For this reason, they netted a loss of close to $984,000 (35%) after storing the condo for almost 11 years.

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