Read more Parc Canberra sold 64% out of 496 units
The selling of a unit in Elizabeth Heights situated on Cairnhill Road produced the best profit of $2.54 million within the week of March 3 to 10. The seller consequently created a 130% gain, or an annualised gain of 4% more than 20 decades.
Elizabeth Heights is situated in District 9 and has been finished in 1985 with 90 residential components. The freehold house is an eight-minute stroll to Newton MRT Station on the North-South and Downtown.
The 2nd top advantage made over the week is a device in The Tresor at District 10. It netted a 85% gain of $1.93 million. This usually means that the vendor made an annualised gain of 5% over a span of slightly over 13 decades.
The Tresor is a 999-year leasehold land with 62 units and five storeys finished in 2008. Situated in Bukit Timah, It’s within four minutes from foot to Tan Kah Kee MRT Station on the Downtown Line.
A unit sold in Gilstead Court along Gilstead Road at District 11 produced the third biggest profit within the week, gaining 213% gain of $1.62 million to the vendor.
The seller consequently made an annualised gain of 6% more than 20 decades.
Gilstead Court is a freehold condo that contains 48 units. It’s a nine-minute walk into Newton Station on the Downtown Line.
On the flip side, the best loss incurred within the week was out of the resale of a 1,851 sq ft unit on the fifth floor in Reflections at Keppel Bay. The device was purchased in August 2011 for $3.2 million ($1,734 psf). The seller endured a 22% reduction of over $700,000. Within a holding period of nearly nine decades, this equates to an annualised reduction of 3%.
Reflections at Keppel Bay is a 99-year condo with 40 flooring and 1,129 residential components. Finished in 2013, it’s 14 minutes from foot to Telok Blangah MRT Station on the Circle Line.