Four-bedder at Nassim 9 sold for $4.4 mil profit

The unit retailed on Oct 27 clocked the highest price negotiated at the development on both psf together with outright bases. Before this, one of the most latest purchase at Nassim 9 occurred in April 2012 the moment a 3,143 sq ft unit was sold for $8.8 million ($2,800 psf), which also marked the previous psf- and absolute-price highs for the condominium.

Nassim 9, a shop deluxe property development finalized in 2002, has only eight units housed in a four-storey structure. It rises within walking distance of Orchard Boulevard MRT Terminal (on the Thomson-East Coast Line), that is due to launch on Nov 13. The Botanic Gardens, Tanglin Shopping Center and The Forum are additionally within walking range.

Reflections at Keppel Bay is a 1,129-unit beachfront deluxe development by Keppel Land. The 99-year leasehold development, with six residential towers as well as 11 accommodation apartment blocks, was done in 2011.

The Oceanfront @ Sentosa Cove is a 99-year leasehold, ultra-luxury condominium in the Sentosa Cove territory in District 4. Found on an island, the sea-facing condo was established by a joint venture between City Developments as well as TID (a partnership in between Hong Leong Holdings and Mitsui Fudosan) and finished in 2010. The project contains five towers varying from 13 to 15 floors high, as well as a total amount of 264 units. Unit sizes start from 1,216 sq ft for a two-bedroom flat, going up to 8,095 sq ft for the biggest penthouse.

The condominium was one of a number of secondhand units to be sold below their purchase rates in the last two years, according to data compiled by the EdgeProp Research study tool. The most unprofitable sale at the property development took place in July 2020, when a 3,854 sq ft unit was fetched $5.85 million ($1,518 psf), with the vendor incurring a loss of $4.8 million.

Leedon Green condo

The most unlucrative deal recorded for the week was the sale of a unit at Reflections at Keppel Bay, found along Keppel Bay View in District 4. On Oct 31, a unit measuring 2,379 sq ft on the 27th floor fetched $4.3 million ($1,808 psf). The seller had purchased the unit for $5.4 million ($2,278 psf) in May 2007. Hence, they accumulated a decrease of 20.6% or $1.1 million over a 15 1/2-year keeping period.

The second-most profitable deal for the week happened at The Oceanfront @ Sentosa Cove. A duplex penthouse measuring 5,985 sq ft on the 15th level was sold for $14.3 million ($2,389 psf) on Oct 28. The vendor had bought the unit for $11.5 million ($1,922 psf) in June 2009, which implies they raked in a $2.8 million (24.3%) earnings on the transaction after holding the property for 13 1/2 years.

The sale of a 3,423 sq ft unit at Nassim 9, a real estate project on Nassim Street in top District 10, was the best rewarding transaction reported throughout the week of Oct 25 to Nov 1. The four-bedroom unit, which transformed hands for $11.2 million ($3,272 psf) on Oct 27, had actually been acquired by the seller for $6.8 million ($1,987 psf) in October 2009, equating to an achieve of $4.4 million, or 64.7%, more than the 13-year retaining period.

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