The Selling of a unit in Caribbean at Keppel Bay, on Keppel Bay Drive, Created the top Profit of $2.4 million on the week of Dec 3 to 10. The 2,723 sq ft unit on the first floor has been purchased for $2.35 million ($864 psf) at October 2000 and marketed for $4.75 million ($1,744 psf) on Dec 4. The seller consequently created a 102% gain, or an annualised gain of 4 percent over about 19 decades.
The M condominium, a new launch condo developed by Wing Tai Holdings Limited.
Situated in District 4, Caribbean at Keppel Bay has been finished in 2004 and contains 969 units onto a 99-year leasehold. It’s a 10-minute stroll into Harbourfront MRT Interchange Station on the North East and Circle Lines.
The 2nd best gain made within the week — a 101% gain of $1.39 million — was Richmond Park, on Bideford Road. This usually means that the vendor made an annualised gain of 5 percent over about 14 decades.
Richmond Parkin District 9, includes 159 freehold units. It was finished in 1996 and is a 12-minute stroll to Orchard MRT Station on the North-South Line.
A unit sold in Park Infinia at Wee Nam, together Lincoln Road at District 11, produced the third biggest gain over the week, netting a 151% gain of $1.3 million to the vendor. The seller consequently made an annualised gain of 7 percent over about 14 decades.
Park Infinia at Wee Nam, finished in 2008, includes 486 freehold units.
On the flip side, the best loss incurred within the week was in the resale price of a 1,410 sq ft unit in Buckley Classique at District 11. Having sold the house for about $ 2.6 million ($1,844 psf) on Dec 5, the seller endured a 12% reduction of $341,500. Within a holding period of eight decades, this translates into an annualised reduction of 1 percent.
Buckley Classique is a 64-unit, freehold job along Buckley Road. Finished in 2014, It’s an eight-minute walk to Novena MRT Station on the North-South Line.