Four-bedder at Trevose Park achieves record profit of $3.4 mil
Positioning along Sampan Place in District 15, Riveredge is a 99-year leasehold condo with 135 units in a single 18-storey tower. It gives a mix of two- to four-bedroom residences and penthouses measuring 980 to 3,208 sq ft. Completed in 2008, the condo fronts the Geylang River and is within walking range of Mountbatten MRT Terminal on the Circle Line and Katong Park MRT Terminal on the Thomson-East Coast Line.
The freehold apartment was finalized in 1991, with 150 units spread across 5 blocks. Placed on Trevor Crescent in District 11, it is close to Raffles Town Club, Singapore Chinese Girls’ School and St Joseph’s Institution. Stevens MRT Stop on the Thomson-East Coast and Downtown Lines is close, while features at Chancery Court and Coronation Shopping Plaza are within a six-minute drive.
On the other hand, the most unprofitable deal at Reflections at Keppel Bay happened when a 7,050 sq ft penthouse on the 40th level brought $11 million ($1,560 psf) in September 2021, after its preliminary acquisition 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.
The most unlucrative resell purchase throughout the week in assessment was the sale of a two-bedroom unit at Liberte. The 1,324 sq ft unit on the 12th floor was brought $2.1 million ($1,586 psf) on March 4, after previously being bought for $2.8 million ($2,117 psf) in March 2013. This marks a loss of concerning $703,000 (25.1%), or an annualised loss of 2.1% over 13 years for the seller.
Based upon caveats lodged, this transaction is the record loss at the growth. Before this, the most unprofitable transaction occurred when a 648 sq ft one-bedroom unit was fetched $1.25 million ($1,935 psf) in 2018, after being purchased for $1.6 million ($2,475 psf) in January 2013. The vendor made a loss of regarding $348,800, translating to an annualised loss of 4.6% in simply over 5 years.
A four-bedroom flat at Trevose Park was one of the most rewarding condo resale transaction during the week of March 3 to 10. The ground floor, 2,562 sq ft unit brought $5.25 million, or $2,049 psf, on March 3. Formerly, the unit was purchased for $1.82 million ($712 psf) in April 2001. This indicates the vendor reaped a document revenue of $3.43 million (187.8%), or an annualised gain of 4.3% over virtually 25 years.
To day, this is the most profitable resell deal at Trevose Park, surpassing the last document growth of $3.41 million, the minute a 2,788 sq ft four-bedder switched controls for $5.2 million ($1,865 psf) in March 2024. The exact same unit had been bought for $1.79 million ($642 psf) in December 2001, translating to an annualised gain of 4.9% after 22 years.
This is the 2nd most valuable resale deal 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 vendor, who purchased the unit for $1.82 million ($965 psf) in April 2008, realized a revenue of $2.08 million, or an annualised yield of 5.1% accross 15 years.
Meanwhile, Reflections at Keppel Bay recorded the second most unsuccessful condo unit resale deal of the week. A 1,550 sq ft, three-bedroom unit on the 36th flooring transformed hands for $2.9 million ($1,871 psf) on March 4, after being acquired for $3.58 million ($2,306 psf) in February 2011. Thus, the seller accumulated a loss of more than $674,000 (18.9%) and an annualised loss of 1.4% more than 15 years.
Reflections at Keppel Bay is a freehold condominium finished in 2011. It has 1,129 units throughout six skyscraper towers and 11 low-rise villa blocks. Telok Blangah MRT Stop is a 10-minute walking away, with VivoCity and HarbourFront Facility one stop away using the MRT.
The second-highest return during the week in evaluation 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, thus recording an earnings of $2.07 million (180.1%) and an annualised growth of 6.3% over 17 years.
