The most significant resources gain was seen when a four-bedroom home at Top Ten, a home block at Emerald Hill Road transformed hands for $5.2 million, at $3.43 million above the initial acquisition price 23 years previously
The Top Ten apartment block lies at 134 Emerald Hill Road, amidst the conservation shophouses on Emerald Hill Road, simply off Orchard Road on one side and Cairnhill Road on one more. The job lies within prime District 9.
The most recent purchase was for a 2,626 sq ft, four-bedroom unit on the 12th flooring that was marketed for $4.95 million ($1,885 psf) on July 19. The system was last acquired for $6.83 million ($2,600 psf) at the height of the last residential property boom in 2007.
The system was previously bought for $1.75 million ($ 557 psf) in August 1999. The device was purchased 13 years ago for $1.93 million ($ 888 psf), and also just recently transformed hands for $4.15 million ($ 1,909 psf). The unit was acquired in August 2010 for $10 million ($1,333 psf), which converts to a $2.3 million loss over a 12-year holding period.
The 2nd most unprofitable deal took location at the 70-unit, freehold CityVista Residences. Located at Peck Hay Road, simply off Clemenceau Avenue in prime District 9, the 20-storey condo block was completed in 2010.
Huge four-bedroom apartments and also penthouses in the prime areas dominated the leaderboard in one of the most successful and unlucrative offers over the two-week duration from July 12 to 26. The purchase that marked the largest rate gain was for the largest device at Top Ten, an 11-unit, six-storey, freehold apartment block at Emerald Hill Road, constructed in 1978.
The 215-unit, freehold condominium, situated on Shelford Road in prime District 11, was created by CapitaLand and also completed in 2005. The project is popular with family members with school-going children, offered its closeness to institutions such as Anglo-Chinese School (Junior), St Margaret’s Secondary School, Anglo-Chinese School (Primary) and also Raffles Girls’ Primary School.
A 7,503 sq ft, penthouse at The Arcadia ended up being one of the most unprofitable transaction for Jul 12-26, when it was sold for $7.7 million, $2.3 million less than its $10 million acquisition rate 12 years back
At the same time, one of the most unlucrative purchase was for a 7,503 sq ft, five-bedroom penthouse at The Arcadia. The penthouse recently changed hands for $7.7 million ($1,026 psf), based upon a caveat lodged on July 14. The unit was acquired in August 2010 for $10 million ($1,333 psf), which equates to a $2.3 million loss over a 12-year holding period.
The project lies on Arcadia Road, off Adam Road in prime District 11.
One of the most current transaction was for a 2,626 sq ft, four-bedroom system on the 12th floor that was sold for $4.95 million ($1,885 psf) on July 19. The system was last purchased for $6.83 million ($2,600 psf) at the optimal of the last residential property boom in 2007. The seller saw the rate for the system marked down by $1.88 million.
The Arcadia is a 10-storey condo job with simply 164 devices. Three-bedroom units are sized from 3,466 to 3,735 sq ft, while four-bedroom devices are sized from 3,714 to 4,672 sq ft. Meanwhile, penthouses are 7,503 sq ft, five-bedroom simplexes. The 99-year leasehold condominium has a lease from 1979, with the project finished in 1983.
The 3,143 sq ft, four-bedroom penthouse at Top Ten altered hands for $5.19 million ($ 1,650 psf), according to a caveat on July 19. The device was formerly purchased for $1.75 million ($ 557 psf) in August 1999. It equates to a capital gain of $3.44 million or 196% after a 23-year holding duration.
The unit was bought 13 years ago for $1.93 million ($ 888 psf), and also just recently transformed hands for $4.15 million ($ 1,909 psf). For the seller, it converts to a gain of $2.22 million.