$4.5 mil Profit Earned by Beverly Hill Units

Read more Property Developer Witnessed SingHaiyi Post $4.6m Loss Revenue Recognition

Property Developer Witnessed SingHaiyi Post $4.6m Loss Revenue Recognition

Capping off 2019, the most lucrative deal throughout both months of Dec 17 to 31 happened at the Beverly Hill condo on Grange Road. A 3,778 sq feet, four-bedroom unit on the floor changed hands for $7.7 million ($2,038 psf) on Dec 20. Therefore, the owner made a gain of $4.48 million (139 percent ), or an annualised gain of 4 percent over nearly 25 decades.

It includes a 23-storey block with four-bedroom units of 3,778 sq feet, in addition to penthouse units of 7,556 sq ft.

This was the next trade at Beverly Hill at 2019. Another trade included a four-bedroom unit on the 11th floor which caused a reduction of $520,000 (6 percent ) for the vendor. This unit changed hands for about $ 8.1 million ($2,144 psf) in October this past year, following the owner bought it for $8.62 million ($2,282 psf) at July 2007. This equates to an annualised reduction of 0.5percent over 12 decades.

The 2nd most rewarding trade throughout the period in review happened at The Grange in Grange Garden. A 2,303 sq feet, four-bedroom unit around the 17th floor changed hands for about $ 6 million ($2,605 psf) on Dec 23. It was purchased for $4.15 million ($1,802 psf) at February 2015. The seller made a $1.85 million (45 percent ) gain, or an annualised gain of 8 percent over nearly five decades.

A freehold condominium in prime District 10, The Grange was designed by MCL Property in 2008. The development includes three- and – four-bedroom units of 1,743 sq feet to 2,301 sq feet, in addition to penthouses of 4,379 sq feet to 4,433 sq ft.

Meanwhile, the selling of a 1,033 sq feet, two-bedroom unit on the 16th floor of The Sail @ Marina Bay has been the very unprofitable deal listed throughout the period in review. It was purchased for $2.68 million ($2,594 psf) at August 2011. Therefore, the seller incurred a loss of $520,000 (19 percent ), or an annualised reduction of 3 percent over eight decades.

The 2nd most unprofitable bargain for the period happened at The Solitaire, a 59-unit freehold condominium in Balmoral Park. A 2,164 sq feet, four-bedroom unit on the floor changed hands for $4.1 million ($1,895 psf) on Dec 26. The seller walked off with a $476,420 (10 percent ) reduction, or an annualised reduction of 1 percent more than nearly 13 decades.