Four-bedder at Trevose Park achieves record profit of $3.4 mil
The freehold condo was completed in 1991, with 150 units spread across 5 blocks. Positioned on Trevor Crescent in District 11, it is nearby to Raffles Town Club, Singapore Chinese Girls’ University and St Joseph’s Institution. Stevens MRT Station on the Thomson-East Coast and Downtown Lines is nearby, while amenities at Chancery Court and Coronation Shopping Plaza are within a six-minute drive.
Positioning along Sampan Place in District 15, Riveredge is a 99-year leasehold condo with 135 units in an one 18-storey tower. It offers a mix of two- to four-bedroom apartments and penthouses measuring 980 to 3,208 sq ft. Completed in 2008, the condo fronts the Geylang River and is inside walking proximity of Mountbatten MRT Terminal on the Circle Line and Katong Park MRT Station on the Thomson-East Coast Line.
On the other hand, the most unlucrative deal at Reflections at Keppel Bay occurred when a 7,050 sq ft penthouse on the 40th level brought $11 million ($1,560 psf) in September 2021, after its initial 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.
On the other hand, Reflections at Keppel Bay recorded the 2nd most unlucrative residence resale transaction of the week. A 1,550 sq ft, three-bedroom unit on the 36th flooring altered hands for $2.9 million ($1,871 psf) on March 4, after being acquired for $3.58 million ($2,306 psf) in February 2011. Therefore, the seller incurred a loss of more than $674,000 (18.9%) and an annualised loss of 1.4% more than 15 years.
This is the second most valuable resale purchase 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, netted an earnings of $2.08 million, or an annualised profit of 5.1% around 15 years.
To day, this is one of the most profitable resale transaction at Trevose Park, beating the last record gain of $3.41 million, when a 2,788 sq ft four-bedder switched hands for $5.2 million ($1,865 psf) in March 2024. The same unit had actually been acquired for $1.79 million ($642 psf) in December 2001, converting to an annualised growth of 4.9% after 22 years.
The second-highest achievement in the course of the week in review 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, therefore recording a revenue of $2.07 million (180.1%) and an annualised growth of 6.3% over 17 years.
A four-bedroom apartment at Trevose Park was one of the most rewarding apartment resale transaction throughout 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 suggests the seller reaped a record earnings of $3.43 million (187.8%), or an annualised gain of 4.3% over virtually 25 years.
Reflections at Keppel Bay is a freehold apartment completed in 2011. It has 1,129 units throughout 6 high-rise towers and 11 low-rise villa blocks. Telok Blangah MRT Station is a 10-minute walking away, with VivoCity and HarbourFront Center one stop away through the MRT.
Based on caveats lodged, this deal is the record loss at the growth. Before this, one of the most unprofitable arrangement took place 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 seller made a deficit of around $348,800, equating to an annualised loss of 4.6% in simply over 5 years.
One of the most worthless resell deal throughout the week in evaluation was the sale of a two-bedroom unit at Liberte. The 1,324 sq ft unit on the 12th flooring was brought $2.1 million ($1,586 psf) on March 4, after formerly being purchased for $2.8 million ($2,117 psf) in March 2013. This marks a loss of regarding $703,000 (25.1%), or an annualised loss of 2.1% over 13 years for the seller.
