Four-bedder at Trevose Park achieves record profit of $3.4 mil
Based on cautions lodged, this purchase is the record loss at the growth. Before this, one of the most unprofitable offer occurred when a 648 sq ft one-bedroom unit was cost $1.25 million ($1,935 psf) in 2018, after being bought for $1.6 million ($2,475 psf) in January 2013. The vendor made a deficit of regarding $348,800, equating to an annualised loss of 4.6% in simply over 5 years.
Meanwhile, Reflections at Keppel Bay recorded the 2nd most unlucrative condo unit resale deal of the week. A 1,550 sq ft, three-bedroom unit on the 36th flooring changed hands for $2.9 million ($1,871 psf) on March 4, after being bought for $3.58 million ($2,306 psf) in February 2011. Therefore, the vendor suffered a loss of greater than $674,000 (18.9%) and an annualised defeat of 1.4% over 15 years.
A four-bedroom apartment at Trevose Park was one of the most rewarding apartment resale purchase during the week of March 3 to 10. The ground floor, 2,562 sq ft unit fetched $5.25 million, or $2,049 psf, on March 3. Previously, the unit was bought for $1.82 million ($712 psf) in April 2001. This implies the seller enjoyed a record profit of $3.43 million (187.8%), or an annualised growth of 4.3% over virtually 25 years.
One of the most unlucrative resale transaction throughout the week in review was the sale of a two-bedroom unit at Liberte. The 1,324 sq ft unit on the 12th level was brought $2.1 million ($1,586 psf) on March 4, after formerly being bought for $2.8 million ($2,117 psf) in March 2013. This notes a loss of about $703,000 (25.1%), or an annualised loss of 2.1% over 13 years for the seller.
Reflections at Keppel Bay is a freehold condominium finished in 2011. It has 1,129 units across 6 high-rise towers and 11 low-rise suite blocks. Telok Blangah MRT Stop is a 10-minute walk away, with VivoCity and HarbourFront Center one stop away through the MRT.
To date, this is the most rewarding resell transaction at Trevose Park, beating the previous record growth of $3.41 million, the moment a 2,788 sq ft four-bedder changed controls for $5.2 million ($1,865 psf) in March 2024. The same unit had been purchased for $1.79 million ($642 psf) in December 2001, converting to an annualised gain of 4.9% after 22 years.
The freehold condo was finished in 1991, with 150 units spread across 5 blocks. Positioned on Trevor Crescent in District 11, it is next to Raffles Town Club, Singapore Chinese Girls’ Academy and St Joseph’s Institution. Stevens MRT Station on the Thomson-East Coast and Downtown Lines is close, while features at Chancery Court and Coronation Shopping Plaza are within a six-minute drive.
On the other hand, the most unlucrative purchase at Reflections at Keppel Bay took place when a 7,050 sq ft penthouse on the 40th floor fetched $11 million ($1,560 psf) in September 2021, after its first purchase 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.
Sitting around Sampan Place in District 15, Riveredge is a 99-year leasehold condo with 135 units in a solo 18-storey high rise. It offers a mix of two- to four-bedroom apartments and penthouses evaluating 980 to 3,208 sq ft. Finished in 2008, the apartment fronts the Geylang River and is inside walking range of Mountbatten MRT Station on the Circle Line and Katong Park MRT Station on the Thomson-East Coast Line.
This is the second most profitable resale deal for Riveredge. The record presently 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 bought the unit for $1.82 million ($965 psf) in April 2008, earned an earnings of $2.08 million, or an annualised income of 5.1% accross 15 years.
The second-highest return in the course of the week in evaluation came 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 reporting a profit of $2.07 million (180.1%) and an annualised growth of 6.3% over 17 years.
