On November 7, the three-bedroom apartment sold for $3.6 million ($1,900 psf) – Terra Hill Condo at Yew Siang Road By Hoi Hup & Sunway (Hot Launch 2022)

The Marq on Paterson Hill has sold a four-bedroom unit for $13.38 million

The auction of a 1,894 sq . ft unit in Pebble Bay, which is a 99-year leasehold property situated on Tanjong Rhu in District 15 is the most profitable deal that was recorded in the week from Nov 1-8. The three-bedroom property that was sold in exchange for $3.6 million ($1,900 per square foot) on November 7, was purchased from the vendor for $1.48 million ($781 per sq ft) in November of 2006 which translates to a profit of $2.12 million which is the equivalent of 143% over the period of 16 years.

Pebble Bay Pebble Bay is a 510-unit condominium situated in Kallang which is located in with the Kallang Basin. It was built in 1997. The condominium was developed by CapitaLand is situated near The Singapore Sports Hub, Kallang Wave Mall, Bay East Garden and East Coast Park. It’s just a five-minute stroll to the new Tanjong Rhu MRT Station on the Thomson-East Coast Line.

The unit that was sold on November 7 was the most expensive PSF price ever sold in the building. The most profitable transaction on the market at Pebble Bay occurred in July when a 2,626 square foot unit located on the 13th floor was sold to the tune of $4.89 million ($1,862 per sq ft). The unit was bought at $1.82 million ($693 per square foot) during July of 2002. The seller made an income in the amount of 3.07 millions (169%), which is an annualized income that is 5.1% over a holding time of approximately 20 years.

The secondand third most profitable transactions of the week were both in Pandan Valley. On November 7 the three-bedroom apartment measuring 2,131 square feet located on the 5th floor auctioned off to a buyer for $2.8 million ($1,314 per sq ft). The seller purchased the property for $860,000 ($404 per square foot) in August of 2004, and thus earned the $1.94 million (225.6%) profit on the deal after keeping this property over 18 years.

Additionally, a 2,088 sq feet, three-bedroom property located at Pandan Valley was transacted on Nov . 2 with a price of $2.95 million ($1,413 per square foot). The seller bought the fifth floor apartment at $1.16 million ($555 per square foot) at the beginning of January in 2000. That results in the buyer $1.79 Million (154.3%) over almost 23 years.

Pandan Valley was completed in 1979 and contains 605 units. The freehold condominium, which is 14 stories high, is situated on Ulu Pandan Road in District 21. It was constructed through the previous DBS Realty (now CapitaLand).

The development is situated near Pine Grove (Parcel A) that covers 242,564 square feet. It is a 99-year leasehold government land sale site which is being sold to joint-venture of UOL Group and Singapore Land Group for $671.5 million ($1,318 per plot ratio psf) at the end of June. A new condominium with around 500 units is anticipated to be constructed within the site.

The least profitable transaction reported this month of November was the auction of a 4-bedroom property located at the Orchard Residences situated just above Ion Orchard in prime District 9. The first day of November the property, which was 2,852 square feet situated on 34th Floor sold for $9.1 million ($3,190 per square foot). The seller purchased the property for $10 million ($3,506 per square foot) in March 2010. This resulted in an expense of 9% which is $900,000 over the period of twelve and a half years.

The unit was one of many resales units that were sold at prices below the purchase price over the past two years, as per data collected through EdgeProp Research. EdgeProp Research tool. The least profitable transaction within the development was in July 2020 when another 2,852 square feet of space was purchased for $9.68 million ($3,394 per square foot) and the seller losing $3.3 million.

Orchard Residences Orchard Residences is the residential element of the retail and residential development jointly designed through CapitaLand as well as Hong Kong property developer Sun Hung Kai Properties. The 99-year leasehold development consists of eight levels of Ion Orchard and The Orchard Residences.

With a height of 56 storeys, The Orchard Residences has been completed in the year 2010 and houses 175 units. Apartments located at The Orchard Residences vary from 1,808 square feet for three-bedders up to 2,465 sq feet for four-bedders. Penthouse units start at 4,273 square feet.