four-bed room unit at Glentrees bought for $2.three mil income

The sale of a 4-bed room unit on the Glentrees condominium in District 10 changed into essentially the most profitable transaction within the week of Feb 27 to March 6. The 3.”412 sq feet unit was offered on March 1 for $3.9 million $1.”143 psf. The unit turned into initially purchased for $1.fifty nine million $466 psf in 2005. The seller realised a $2.31 million one hundred forty five% income on the sale of the property, which translates into an annual profit of seven% over a holding length of 12.7 years.

it is the most profitable transaction recorded at the condominium in six years. In 2012, a 3,132 sq feet 4-bedder changed into offered for a $2.31 million 151% profit. gains at Glentrees have ranged from $a hundred and fifty.”000 to $2.31 million throughout 13 transactions in the past three years.

The 999-12 months leasehold Glentrees is found on Mount Sinai Lane between Henry Park simple faculty and Eunoia Junior school. The 176- unit condo includes eight five-storey blocks. The unit combine contains forty two two- and three-storey ground flooring devices and 42 loft gadgets with roof gardens. devices range from 1,346 to 3,671 sq toes. The condo was developed through CapitaLand and accomplished in 2005.

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earnings at Glentrees have ranged from $one hundred fifty,000 to $2.31 million across 13 transactions during the past three years graphic: The aspect Singapore

also in District 10 is the 33-year-historic, freehold residence Astridville, where the sale of a 2.”217 sq ft maisonette became probably the most profitable transactions during the week. It become bought in 2002 for $1.2 million 541 psf and altered fingers for $3.2 million $1,443 psf on Feb 28. The seller walked away with a $2 million 167% income, or an annual earnings of 6% over a 16-yr preserving duration. this is essentially the most profitable transaction recorded on the construction, in accordance with the matching of caveats.

The 18-unit residence became achieved in 1985 and includes a mix of three-bedroom units and maisonettes. past this 12 months, a 1,336 sq toes, three-bed room unit became bought for $three.25 million $1,336 psf on Feb 2. It turned into originally purchased for $2.fifty three million $1,040 psf in 2007. The proprietor made a $720,000 28% profit from the sale.

an extra transaction that topped the record became the sale of a 2,476 sq toes unit at garden apartment on Orange Grove road in District 10. It changed into bought in 1999 for $2.05 million $828 psf and was offered for $4.18 million $1,688 psf on Feb 28. The vendor realised a $2.13 million 104% earnings. The 20-unit backyard condo is a freehold apartment that was completed in 1984 and is across the road from Shangri-La hotel.