Four-bedder at Trevose Park achieves record profit of $3.4 mil
The freehold condominium was finished in 1991, with 150 units spread across 5 blocks. Situated on Trevor Crescent in District 11, it is adjacent to Raffles Town Club, Singapore Chinese Girls’ School and St Joseph’s Institution. Stevens MRT Terminal on the Thomson-East Coast and Downtown Lines is nearby, while services at Chancery Court and Coronation Shopping Plaza are in just a six-minute drive.
The second-highest achievement during the week in review 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 reporting a revenue of $2.07 million (180.1%) and an annualised gain of 6.3% over 17 years.
Positioning near Sampan Place in District 15, Riveredge is a 99-year leasehold apartment with 135 units in a solo 18-storey tower. It provides a mix of two- to four-bedroom residences and penthouses evaluating 980 to 3,208 sq ft. Completed in 2008, the apartment fronts the Geylang River and is within walking range of Mountbatten MRT Station on the Circle Line and Katong Park MRT Station on the Thomson-East Coast Line.
Reflections at Keppel Bay is a freehold condo finished in 2011. It has 1,129 units around 6 high-rise towers and 11 low-rise vacation home blocks. Telok Blangah MRT Stop is a 10-minute walking away, with VivoCity and HarbourFront Centre one stop distant using the MRT.
Canberra Crescent Residences condominium
On the other hand, the most unlucrative transaction at Reflections at Keppel Bay happened when a 7,050 sq ft penthouse on the 40th floor fetched $11 million ($1,560 psf) in September 2021, after its initial acquisition at $17.98 million ($2,550 psf) in May 2007. The offer worked out to a $6.98 million loss, or an annualised loss of 3.4% over 14 years.
One of the most unlucrative resale purchase throughout the week in evaluation was the sale of a two-bedroom unit at Liberte. The 1,324 sq ft unit on the 12th level was cost $2.1 million ($1,586 psf) on March 4, after formerly being purchased for $2.8 million ($2,117 psf) in March 2013. This marks a loss of about $703,000 (25.1%), or an annualised loss of 2.1% over 13 years for the seller.
Based upon caveats lodged, this deal is the record loss at the advancement. Before this, one of the most unlucrative offer happened when a 648 sq ft one-bedroom unit was fetched $1.25 million ($1,935 psf) in 2018, after being bought for $1.6 million ($2,475 psf) in January 2013. The seller made a deficit of about $348,800, equating to an annualised loss of 4.6% in just over 5 years.
A four-bedroom house at Trevose Park was one of the most profitable condominium resale purchase throughout the week of March 3 to 10. The ground floor, 2,562 sq ft unit fetched $5.25 million, or $2,049 psf, on March 3. Previously, the unit was bought for $1.82 million ($712 psf) in April 2001. This implies the seller reaped a document revenue of $3.43 million (187.8%), or an annualised gain of 4.3% over nearly 25 years.
In the mean time, Reflections at Keppel Bay recorded the 2nd most unlucrative residence resale purchase of the week. A 1,550 sq ft, three-bedroom unit on the 36th floor altered hands for $2.9 million ($1,871 psf) on March 4, after being purchased for $3.58 million ($2,306 psf) in February 2011. Hence, the vendor suffered a deficit of more than $674,000 (18.9%) and an annualised loss of 1.4% over 15 years.
To date, this is the most profitable resale purchase at Trevose Park, beating the last record gain of $3.41 million, when 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 acquired for $1.79 million ($642 psf) in December 2001, translating to an annualised growth of 4.9% after 22 years.
This is the 2nd most valuable resale purchase 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 seller, that bought the unit for $1.82 million ($965 psf) in April 2008, realized a revenue of $2.08 million, or an annualised gain of 5.1% accross 15 years.
