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20-01-2023, 08:44 AM
Ry-Anne Lim
UPDATED 11 HOURS AGO
SINGAPORE – A 2,799 square feet unit at Boulevard 88, along Orchard Boulevard, was sold for $13.78 million, or $4,924 per square foot (psf), last month for a cool $3.46 million in profit. It was the most profitable private home resale by quantum in the fourth quarter of 2022.
The 22nd-floor unit at the freehold luxury condo in prime District 10 was bought for $10.32 million, or $3,688 psf, back in July 2019. Based on a holding period of just under 3½ years, the annualised profit works out to 9 per cent.
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The analysis excluded the transaction costs and taxes, such as buyer stamp duty and seller stamp duty.
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the five biggest money-making transactions by quantum were all in the core central region (CCR); four of them were freehold units. This is mainly by virtue of the relatively higher prices in the CCR
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The fourth quarter’s top five profit-making deals by percentage were located in the outside central region and CCR, with sellers raking in profits ranging from 69 per cent to 189 per cent.
The most profitable deal by percentage was for a 1,281 sq ft unit at the freehold Veranda in Telok Kurau in District 15. It was sold for $1.88 million, or $1,468 psf, in November; it was purchased for $650,000, or $507 psf, in January 2014. This works out to a profit of 189 per cent or an annualised profit of 12.8 per cent, based on the holding period of nearly nine years.
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The largest loss-making resale deal by percentage, on the other hand, was for a 657 sq ft unit at 103-year leasehold condo development The Scotts Towers in District 9. It was sold for $1.3 million, or $1,980 psf, in October – 41 per cent lower than the $2.2 million, or $3,351 psf, paid for the property in April 2013. Based on the holding period of 9½ years, the seller suffered annual losses of 5.4 per cent.
By quantum, the top loss-making deal was for a 2,260 sq ft unit at freehold 3 Orchard By-The-Park in District 10. It was sold for $6.56 million, or $2,901 psf, in October – 20 per cent less than the $8.18 million that the seller paid in July 2019. This translates to an annualised loss of 6.5 per cent over some three years.
https://www.straitstimes.com/business/se...sale-gains
UPDATED 11 HOURS AGO
SINGAPORE – A 2,799 square feet unit at Boulevard 88, along Orchard Boulevard, was sold for $13.78 million, or $4,924 per square foot (psf), last month for a cool $3.46 million in profit. It was the most profitable private home resale by quantum in the fourth quarter of 2022.
The 22nd-floor unit at the freehold luxury condo in prime District 10 was bought for $10.32 million, or $3,688 psf, back in July 2019. Based on a holding period of just under 3½ years, the annualised profit works out to 9 per cent.
......
The analysis excluded the transaction costs and taxes, such as buyer stamp duty and seller stamp duty.
......
the five biggest money-making transactions by quantum were all in the core central region (CCR); four of them were freehold units. This is mainly by virtue of the relatively higher prices in the CCR
......
The fourth quarter’s top five profit-making deals by percentage were located in the outside central region and CCR, with sellers raking in profits ranging from 69 per cent to 189 per cent.
The most profitable deal by percentage was for a 1,281 sq ft unit at the freehold Veranda in Telok Kurau in District 15. It was sold for $1.88 million, or $1,468 psf, in November; it was purchased for $650,000, or $507 psf, in January 2014. This works out to a profit of 189 per cent or an annualised profit of 12.8 per cent, based on the holding period of nearly nine years.
......
The largest loss-making resale deal by percentage, on the other hand, was for a 657 sq ft unit at 103-year leasehold condo development The Scotts Towers in District 9. It was sold for $1.3 million, or $1,980 psf, in October – 41 per cent lower than the $2.2 million, or $3,351 psf, paid for the property in April 2013. Based on the holding period of 9½ years, the seller suffered annual losses of 5.4 per cent.
By quantum, the top loss-making deal was for a 2,260 sq ft unit at freehold 3 Orchard By-The-Park in District 10. It was sold for $6.56 million, or $2,901 psf, in October – 20 per cent less than the $8.18 million that the seller paid in July 2019. This translates to an annualised loss of 6.5 per cent over some three years.
https://www.straitstimes.com/business/se...sale-gains
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