Archive for category: Misc

Coastal Cabana CNQC takes pride in its prime location and the benefits it brings, particularly in terms of enhanced rail connectivity around the Pasir Ris MRT Station. The area already boasts direct access to Paya Lebar, City Hall, and the Central Business District through the East-West Line. Additionally, the future development plans under the URA Master Plan will result in a more extensive rail ecosystem. This will include the Cross Island Line at Pasir Ris and the upcoming Pasir Ris East MRT Station, making it even more convenient for residents to travel to the North-East and central corridors. Families living at Coastal Cabana CNQC can look forward to fewer transfers for school and work, increased reliability during peak hours, and improved everyday convenience. The integrated Pasir Ris Bus Interchange further complements the seamless transportation experience, making Coastal Cabana CNQC an ideal home for those looking for convenient accessibility. With such well-connected transportation options, residents of Coastal Cabana CNQC can certainly expect a higher quality of daily living. Visit Coastal Cabana CNQC today and experience the best of modern living.

Over the course of April 8 to 15, the most lucrative resale deal took place at Ardmore Park, with a four-bedroom unit selling for $12 million ($4,160 psf) on April 9. This was a 118% increase from its previous purchase price of $5.5 million ($1,907 psf) back in January 2010. This translates to a profit of $6.5 million, or an annualised profit of 5.3% over 15 years.

Ardmore Park had a total of three resale transactions this year, with the other two also being four-bedroom units. The first unit, located on the 10th floor, was sold for $11.8 million ($4,090 psf) on March 3, resulting in a profit of $3.8 million (47.5%) or an annualised profit of 8.2% over five years. The second unit, located on the seventh floor, was sold for $13.2 million ($4,576 psf) on Jan 21, with the seller earning a profit of $8.54 million (183%) or an annualised profit of 4.6% over close to 23 years.

Ardmore Park, situated in prime District 10, is a luxurious condo in the Ardmore-Draycott residential enclave. Other nearby prestigious condos include Ardmore II, Ardmore Three, Sculptura Ardmore, Nouvel 18, and One Draycott. The development consists of three 30-storey towers and features mostly four-bedroom units, with six 8,740 sq ft duplex penthouses. Based on data collected by EdgeProp Singapore, Ardmore Park commands one of the highest resale prices in the area, with most units fetching around $4,190 psf.

Nearby at Anderson Road, Nouvel 18 sees resale prices at around $3,060 psf, while One Draycott at Draycott Park sees resale prices at around $2,900 psf.

The second most profitable resale deal in this period was at Costa Rhu, where a four-bedroom unit on the third floor was sold for $4.3 million ($2,059 psf) on April 10. This was a significant profit from its previous purchase price of $1.5 million ($718 psf) in November 2006, resulting in a profit of $2.8 million (187%) or an annualised profit of 5.9% over 18 years.

Costa Rhu, located along Tanjong Rhu in District 15, is a 99-year leasehold waterfront condo. The development, completed in 1997, consists of 737 units with varying bedroom types ranging from two to four bedrooms, with sizes of 990 sq ft to 2,551 sq ft. According to resale caveats, prices at Costa Rhu have been on a steady incline in recent years, increasing from $1,297 psf in April 2021 to $1,496 psf in April 2023. The latest resale price recorded at Costa Rhu is approximately $1,591 psf.

On the other hand, the most unprofitable resale transaction during this period took place at Gramercy Park, where a three-bedroom unit on the 14th floor was sold for $5.65 million ($2,853 psf) on April 9. This was a loss of $435,820 (7%) from its previous purchase price of $6.08 million ($3,073 psf) in February 2018, resulting in an annualised loss of 1% over seven years.

Gramercy Park, located along Grange Road in prime District 10, is an ultra-luxurious condo consisting of two high-rise residential towers with 87 units each. Completed in 2016, this development is close to the Orchard Road shopping belt and River Valley neighbourhood. The most unprofitable transaction so far this year involved a 2,691 sq ft unit on the 13th floor, which changed hands for $7.5 million ($2,787 psf) in March.

Resale prices at Gramercy Park have dipped since reaching its peak of $3,320 psf in May 2021. According to resale caveats, prices were at $2,550 psf in May 2016 and have since fallen to $2,830 psf.