Four-bedder at Nassim 9 sold for $4.4 mil profit
The condominium was one of a number of secondhand units to be marketed below their purchase prices in the last two years, according to information compiled by the EdgeProp Investigation tool. The most unlucrative sale at the project happened in July 2020, when a 3,854 sq ft unit was realized $5.85 million ($1,518 psf), with the seller accumulating a loss of $4.8 million.
The unit sold on Oct 27 clocked the highest rate transacted at the development on both psf together with outright bases. Prior to this, the most recent purchase 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 last psf- and absolute-price highs for the condominium.
The second-most rewarding purchase for the week took place at The Oceanfront @ Sentosa Cove. A paired penthouse determining 5,985 sq ft on the 15th level was sold for $14.3 million ($2,389 psf) on Oct 28. The owner had actually acquired the unit for $11.5 million ($1,922 psf) in June 2009, which implies they raked in a $2.8 million (24.3%) revenue on the deal after holding the property for 13 1/2 years.
One of the most unlucrative purchase documented 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 estimating 2,379 sq ft on the 27th floor obtained $4.3 million ($1,808 psf). The dealer had purchased the unit for $5.4 million ($2,278 psf) in May 2007. For this reason, they incurred a decrease of 20.6% or $1.1 million over a 15 1/2-year holding period.
Reflections at Keppel Bay is a 1,129-unit waterfront luxury development by Keppel Land. The 99-year leasehold project, with six housing towers and also 11 vacation home apartment blocks, was completed in 2011.
Nassim 9, a shop luxurious property development finalized in 2002, has just 8 units housed in a four-storey structure. It rises within walking range of Orchard Blvd MRT Station (on the Thomson-East Coast Line), that is coming to start on Nov 13. The Botanic Gardens, Tanglin Mall and also The Forum are additionally in just strolling proximity.
The Oceanfront @ Sentosa Cove is a 99-year leasehold, ultra-luxury condominium in the Sentosa Cove territory in District 4. Situated on an island, the sea-facing condominium was established by a mutual endeavor between City Developments and also TID (a partnership between Hong Leong Holdings plus Mitsui Fudosan) and even completed in 2010. The project includes five towers varying from 13 to 15 storeys tall, and also a total amount 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 sale of a 3,423 sq ft unit at Nassim 9, a real estate development on Nassim Street in prime District 10, was the best rewarding agreement reported throughout 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 been acquired by the owner for $6.8 million ($1,987 psf) in October 2009, translating to a gain of $4.4 million, or 64.7%, over the 13-year retaining period.
