Four-bedder at Trevose Park achieves record profit of $3.4 mil
Reflections at Keppel Bay is a freehold condominium completed in 2011. It has 1,129 units around six skyscraper towers and 11 low-rise villa blocks. Telok Blangah MRT Stop is a 10-minute walking away, with VivoCity and HarbourFront Facility one stop afar via the MRT.
The freehold condo was finalized in 1991, with 150 units spread out across five blocks. Situated on Trevor Crescent in District 11, it is next to Raffles Town Club, Singapore Chinese Girls’ School and St Joseph’s Institution. Stevens MRT Station on the Thomson-East Coast and Downtown Lines is across the street, while facilities at Chancery Court and Coronation Shopping Plaza are in just a six-minute drive.
Meanwhile, one of the most unprofitable deal at Reflections at Keppel Bay took place when a 7,050 sq ft penthouse on the 40th floor brought $11 million ($1,560 psf) in September 2021, after its initial 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.
Based on cautions lodged, this purchase is the record loss at the growth. Before this, one of the most unprofitable arrangement occurred when a 648 sq ft one-bedroom unit was cost $1.25 million ($1,935 psf) in 2018, after being purchased for $1.6 million ($2,475 psf) in January 2013. The dealer made a deficit of around $348,800, equating to an annualised loss of 4.6% in just over 5 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 sold for $2.1 million ($1,586 psf) on March 4, after formerly being purchased for $2.8 million ($2,117 psf) in March 2013. This marks a loss of concerning $703,000 (25.1%), or an annualised loss of 2.1% over 13 years for the vendor.
To day, this is one of the most successful resell deal at Trevose Park, surpassing the last record gain of $3.41 million, when a 2,788 sq ft four-bedder shifted hands for $5.2 million ($1,865 psf) in March 2024. The very same unit had actually been acquired for $1.79 million ($642 psf) in December 2001, converting to an annualised gain of 4.9% after 22 years.
On the other hand, Reflections at Keppel Bay documented the second most unlucrative condominium resale transaction of the week. A 1,550 sq ft, three-bedroom unit on the 36th floor altered hands for $2.9 million ($1,871 psf) on March 4, after being acquired for $3.58 million ($2,306 psf) in February 2011. Hence, the seller incurred a deficit of more than $674,000 (18.9%) and an annualised defeat of 1.4% more than 15 years.
This is the 2nd most profitable resale purchase for Riveredge. The record currently belongs to a 1,884 sq ft four-bedroom unit that sold for $3.9 million ($2,070 psf) in October 2023. The seller, who purchased the unit for $1.82 million ($965 psf) in April 2008, netted a revenue of $2.08 million, or an annualised return of 5.1% around 15 years.
Springleaf Residence condo price
Positioning near Sampan Place in District 15, Riveredge is a 99-year leasehold condo with 135 units in a single 18-storey high rise. It gives a mix of 2- to four-bedroom apartments and penthouses measuring 980 to 3,208 sq ft. Finished in 2008, the apartment fronts the Geylang River and is within walking distance of Mountbatten MRT Terminal on the Circle Line and Katong Park MRT Station on the Thomson-East Coast Line.
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, thus documenting an earnings of $2.07 million (180.1%) and an annualised gain of 6.3% over 17 years.
A four-bedroom house at Trevose Park was one of the most rewarding apartment resale transaction throughout the week of March 3 to 10. The ground floor, 2,562 sq ft unit brought $5.25 million, or $2,049 psf, on March 3. Previously, the unit was purchased for $1.82 million ($712 psf) in April 2001. This means the seller reaped a document profit of $3.43 million (187.8%), or an annualised growth of 4.3% over almost 25 years.
