Seller at The Tresor scores record $2.2 mil profit
The Tresor climbed the lineup of lucrative apartment resale purchases in the course of the week of Jan 27 to Feb 3. The sale of a 2,551 sq ft, four-bedroom unit at the property development reported the best return for the week when it switched controls for $5.98 million ($2,344 psf) on Feb 2. The vendor had actually purchased it for $3.75 million ($1,470 psf) in December 2017. Therefore, the vendor brought in an earnings of $2.23 million (59.5%), representing an annualised boost of 5.9% over somewhat greater than 8 years.
To date, the most significant acquire documented for a unit at Thomson 800 was for the sale of a 3,832 sq ft, three-bedroom unit for $5.38 million ($1,404 psf) in April in 2014. The unit had actually been bought for $3 million ($783 psf) in June 2007. This calculates to a record gain of $2.38 million, or an annualised gain of 3.3% over just about 18 years, for the dealer.
Finished in 2013, Marina Bay Suites is a 99-year leasehold apartment situated on Central Blvd in Area 1’s Marina Bay location. It becomes part of the bigger Marina Bay Financial Centre (MBFC) mixed-use growth, and is among 2 condominiums in MBFC– the various other being the 428-unit Marina Bay Residences.
On the other hand, the minimum valuable deal throughout the duration in evaluation included a 1,593 sq ft, three-bedroom unit at Marina Bay Suites. Cost $2.9 million ($1,820 psf) on Jan 30, the 15th-floor unit was initially purchased for $3.27 million ($2,051 psf) in December 2009. This indicates the vendor got a loss of approximately $368,000 (11.3%), or an annualised deficit of 0.7% more than a holding time frame of merely over 16 years.
Marina Bay Suites makes up a single 66-storey household tower, supplying a blend of 3- and four-bedroom units gauging in between 1,572 and 2,691 sq ft. There are additionally 3 penthouses, consisting of a four-bedder of 4,715 sq ft and 2 five-bedders of 5,662 and 8,181 sq ft.
The Tresor is a 999-year leasehold residence found on Duchess Roadway in prime District 10. The 62-unit property development was concluded in 2007 and consists of a mix of 2-, 3- and four-bedders varying from 990 to 2,896 sq ft. The condominium lies within just strolling range of Tan Kah Kee MRT Terminal on the Downtown Line, in addition to numerous facilities, consisting of Coronation Shopping Plaza and Serene Centre.
The current arrangement notes the very first deal at The Tresor this year and one of the most rewarding bargain at the property development to day. It exceeds the past document growth of $1.93 million, that comes from a 2,185 sq ft, four-bedroom apartment. The unit, that was offered by the property developer for $2.27 million ($1,040) in October 2006, eventually switched hands for $4.2 million ($1,922 psf) in March 2020. Because of this, the vendor enjoyed an annualised earnings of 4.7% over greater than 13 years.
The 2nd most valuable apartment resale deal of the week was the sale of a 1,625 sq ft unit at Thomson 800. The two-bedroom unit was sold for $3.2 million ($1,969 psf) on Feb 2. The vendor, that bought the unit in December 1998 for about $1.07 million ($657 psf), realised a growth of $2.13 million (199.7%) after possessing the unit for a little over 27 years.
Based upon lodged cautions, the growth found 14 resale transactions in 2025, 11 of which were profitless. The units, that extended from 1,572 sq ft to 2,067 sq ft, sustained declines varying from $220,000 to $2.06 million.
Accomplished in 1999, Thomson 800 is a freehold property throughout Thomson Roadway in top District 11. The development consists of 3 20-storey towers that house 390 units, consisting of three-bedders extending 1,281 to 1,808 sq ft. There are likewise four-bedroom simplex and duplex penthouses of 3,757 to 5,823 sq ft.
