The Most Profitable Deal Of The Week Was The Sale Of A Botanic Gardens View Unit

The extremely first offer at Botanic Gardens View this year became the most lucrative handle the week of May 15 to 22, as exposed by the matching of URA caveat data as at May 29. A 1,410 sq feet, three-bedroom device on the sixth floor of the 145-unit property improvement was set you back $3 million ($2,128 psf) on Might 22, creating a $2.14 million (249%) gain for the previous owner, who bought it for $860,100 ($610 psf) in 2005. This converts right into an annualised profits of 10% over a holding duration of 12.9 years. Completed in 1970, Botanic Gardens Sight is located at Taman Serasi, merely off Cluny Roadway in prime Location 10. Positioned near reputable schools such as Raffles Girls' Senior High School as well as Crescent Girls' School, the development is a three-minute walk to the Napier MRT terminal on the future Thomson-East Coast Line. The May 22 transaction is one of the most recent in a collection of successful deals at the condominium. In 2014, 4 devices transformed hands at an ordinary gain of $538,750 (53%). On April 4 in 2015, a 1,259 sq feet device was sold for a $1.1 million (122%) revenue. Provide in the prime location is 999-year leasehold condo The Tresor, where the seller of a 1,927 sq feet, four-bedroom system made a profit of $1.22 million (47%) on May 16. The unit on the third floor was acquired in 2007, when it was just recently completed, for $2.61 million ($1,353 psf). It was after that cost $3.83 million ($1,987 psf), or an annualised gain of 3% over a holding duration of 11.2 years. This is provide the initial purchase at the condo this year. In 2017, there were 4 successful purchases, with earnings differing from $327,000 to $411,000, and additionally three unlucrative transactions, with losses ranging from $80,000 to $228,000.

The Tresor was established by Keppel Land. The five-storey, 62-unit growth lies on Duchess Road, near the Tan Kah Kee MRT station on the Midtown Line. During the week in analysis, an acquisition that saw a moderate loss was the sale of a three-bedroom system on the 19th floor of Cuscaden Residences, for $4.8 million ($2,311 psf), on Could 18. Having really obtained the 2,077 sq ft apartment for $5.5 million ($2,647 psf) in 2011, the seller therefore incurred a loss of $700,000. This notes the 2nd purchase at the development this year, as well as the second loss. In March, a 1,485 sq feet system on the 13th floor was cost $3.11 million ($2,100 psf). The supplier got it in September 2011 for $3.33 million ($2,242 psf) as well as maintained a loss of $211,200 (6%), or an annualised loss of 1% over a holding duration of over 6 years. Located in prime Area 10 on Cuscaden Roadway, the 150-unit residential or commercial property Cuscaden Residences remains in the Orchard Highway buying belt consisted of The Avenue South Residence. The development saw four satisfying deals in addition to 2 unlucrative purchases in 2014. Last August, the vendor of a 1,485 sq ft system made an earnings of $1.2 million (71%) when the unit was set you back $2.9 million ($1,952 psf). The unit was purchased for $1.7 million ($1,144 psf) in March 2003.