One Amber sold its Four-bedder Unit for $1.8 mil profit

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Throughout the week between March 30 and April 6, the most lucrative deal was the purchase of a 1,701 sq feet, four-bedroom unit in One Amber at District 15. The seller, who’d purchased the unit at August 2006 for $1.25 million ($737 psf), produced a 143% gain of $1.8 million, which translates into a gain of 6.3% when annualised more than 141/2 decades.

The sale has become the most lucrative bargain at One Amber, breaking the former record in which a 1,658 sq ft unit has been sold for a gain of $1.47 million in July this past year. The benefit is annualised in 5.7%.

The development’s place on Amber Gardens is a brief drive to Parkway Parade shopping center, Katong and East Coast Park.

The 2nd top advantage of this week was also transacted in District 15. A 1,216 sq feet, three-bedroom unit in The Sea View made its vendor a 153% gain of $1.45 million as it had been sold on April 6 to about $ 2.4 million ($1,974 psf). The 20th-floor unit has been bought 141/2 decades back at August 2006 for $949,696 ($781 psf). The benefit is annualised in 6.5%.

It’s the third most rewarding deal in the evolution. The most lucrative trade was to get a 1,410 sq feet, three-bedder, that was bought for about $ 1.1 million ($785 psf) in November this past year and sold for $2.85 million ($2,021 psf) in May 2006. The vendor made a gain of $1.75 million, following a holding period of 141/2 decades.

It’s in proximity to Parkway Parade and Katong, and it’s also a Brief stroll to East Coast Park via a nearby underpass.

The next most rewarding deal of this week was that the selling of a 1,033 sq ft unit on the 28th floor of Rivergate, a freehold condo in Robertson Quay. The seller netted a 106% profit of $1.33 million if the device changed hands for $2.58 million ($2,497 psf), 12 years later it had been bought for $1.25 million ($1,210 psf) at March 2009. The benefit is annualised in 6.2%.

Rivergate was designed by CapitaLand and finished in 2009. It’s a quick stroll to cafes and pubs in Robertson Quay plus a 10-minute walk into Great World shopping mall. The most lucrative bargain at Rivergate happened in January 2019, when a 2,077 sq ft unit was first sold in a gain of $2.3 million after a holding period of over 13 decades.

On the flip side, the most non-profitable price of the week happened at Reflections at Keppel Bay. A 1,830 sq ft unit was marketed it for about $ 3.3 million ($1,803 psf) on April 1, once it was bought for about $ 4.32 million ($2,358 psf) at August 2007. The seller consequently lacked a 24% reduction of $1.02 million, which can be annualised at 2% over 131/2 decades.

The deal would be the third most populous bargain at Reflections at Keppel Bay. The unprofitable transaction happened in January this year, when a 3,380 sq ft unit has been offered in a reduction of $2.35 million.

Reflections at Keppel Bay at District 4 is a 99-year leasehold condo with 1,129 units, across six towers and 11 villa flat blocks. Finished in 2011, it was created by award-winning architect Daniel Libeskind. It’s a five-minute driveway to VivoCity shopping mall plus a 10-minute driveway to Sentosa.