The system was previously bought for $1.75 million ($ 557 psf) in August 1999. The unit was bought 13 years ago for $1.93 million ($ 888 psf), as well as just recently transformed hands for $4.15 million ($ 1,909 psf). The device was bought in August 2010 for $10 million ($1,333 psf), which translates to a $2.3 million loss over a 12-year holding duration.
The 3,143 sq ft, four-bedroom penthouse at Top Ten altered hands for $5.19 million ($ 1,650 psf), according to a caution on July 19. The device was formerly acquired for $1.75 million ($ 557 psf) in August 1999. It equates to a resources gain of $3.44 million or 196% after a 23-year holding period.
Meanwhile, one of the most unprofitable transaction was for a 7,503 sq ft, five-bedroom penthouse at The Arcadia. The penthouse just recently changed hands for $7.7 million ($1,026 psf), based upon a caveat lodged on July 14. The device was acquired in August 2010 for $10 million ($1,333 psf), which converts to a $2.3 million loss over a 12-year holding duration.
Huge four-bedroom apartment or condos as well as penthouses in the prime areas dominated the leaderboard in one of the most unprofitable and also rewarding bargains over the two-week duration from July 12 to 26. The purchase that marked the most significant cost gain was for the biggest device at Top Ten, an 11-unit, six-storey, freehold apartment or condo block at Emerald Hill Road, built in 1978.
One of the most recent transaction was for a 2,626 sq ft, four-bedroom system on the 12th floor that was cost $4.95 million ($1,885 psf) on July 19. The system was last bought for $6.83 million ($2,600 psf) at the height of the last residential or commercial property boom in 2007. The seller saw the rate for the device marked down by $1.88 million.
The Arcadia is a 10-storey condominium project with simply 164 systems. Three-bedroom devices are sized from 3,466 to 3,735 sq ft, while four-bedroom devices are sized from 3,714 to 4,672 sq ft. Meanwhile, penthouses are 7,503 sq ft, five-bedroom simplexes. The 99-year leasehold apartment has a lease from 1979, with the job finished in 1983.
The job is located Altura EC on Arcadia Road, off Adam Road in prime District 11.
The most current transaction was for a 2,626 sq feet, four-bedroom device on the 12th floor that was marketed for $4.95 million ($1,885 psf) on July 19. The unit was last purchased for $6.83 million ($2,600 psf) at the height of the last building boom in 2007.
The largest resources gain was seen when a four-bedroom apartment at Top Ten, an apartment block at Emerald Hill Road changed hands for $5.2 million, at $3.43 million over the initial purchase price 23 years previously
A 7,503 sq ft, penthouse at The Arcadia became the most unlucrative transaction for Jul 12-26, when it was cost $7.7 million, $2.3 million less than its $10 million purchase rate 12 years ago
The 215-unit, freehold condo, situated on Shelford Road in prime District 11, was developed by CapitaLand as well as finished in 2005. The project is preferred with family members with school-going youngsters, offered its proximity to institutions such as Anglo-Chinese School (Junior), St Margaret’s Secondary School, Anglo-Chinese School (Primary) and also Raffles Girls’ Primary School.
The second-most rewarding bargain for July 12 to 26 was located at The Shelford. The transaction was for a 2,174 sq ft, four-bedroom penthouse on the top floor of one of the advancement’s five-storey blocks. The system was acquired 13 years ago for $1.93 million ($ 888 psf), and also lately transformed hands for $4.15 million ($ 1,909 psf). For the vendor, it translates to a gain of $2.22 million.
Meanwhile, the second most unlucrative offer happened at the 70-unit, freehold CityVista Residences. Situated at Peck Hay Road, simply off Clemenceau Avenue in prime District 9, the 20-storey condominium block was completed in 2010.
The Top Ten apartment block is located at 134 Emerald Hill Road, in the Altura EC middle of the conservation shophouses on Emerald Hill Road, just off Orchard Road on one side as well as Cairnhill Road on an additional. The job is located within prime District 9.