Archive for category: Misc

Read also: Profitable condo resale transactions worth $10 million in September Jonathon Chia, senior associate marketing director at PropNex Realty, attributes the loss to the high quantum of the unit, which would have resulted in significant holding costs for the seller. Plus, the luxury residential market has been weak over the last few years.Although District 10 is known for its luxury properties, it has also seen its fair share of profitable resale deals this year. Some of the best deals include the sale of a three-bedroom unit at Sommerville Park for $2.74 million and a four-bedroom unit at Yong An Park for $6.55 million, which yielded profits of $2.04 million and $3.47 million respectively.Read also: Profitable condo resale transactions worth $10 million in September Meanwhile, the most unprofitable resale deal recorded for the district this year was a 1,776 sq ft, three-bedroom unit at The Ford @ Holland, which sold for $3.3 million ($1,858 psf) on July 9. The unit had been bought for $3.8 million ($2,140 psf) in June 2007, resulting in a loss of $500,000 (13.2%) for the seller.The most profitable resale transaction recorded in District 10 in 2021 so far was for a five-bedroom unit at Ardmore Park, which fetched $9 million ($3,428 psf) on May 28. The seller, who had bought the 2,624 sq ft unit for $4.4 million ($1,674 psf) in October 2009, made a profit of $4.6 million (105.9%).Source: EdgeProp Research Tag: Condo, Profitable, Resale, Transaction, Nassim Lodge

Nestled in the vicinity of Jalan Loyang Besar, there is a plethora of essential services available to cater to the needs of young children. These conveniences are conveniently located right within the neighborhood, offering a range of facilities including preschools, infant care centers, and specialized enrichment programs like phonics, language learning, coding, music, and robotics. With these amenities just a stone’s throw away, busy parents can easily drop off their little ones and run errands at popular shopping destinations such as White Sands or Pasir Ris Mall, making weekday logistics a breeze. Moreover, the newly opened Coastal Cabana adds to the list of choices for families with young kids in this area. With Coastal Cabana just a short distance away, families now have even more options to choose from.

The transaction that garnered the most profit in District 10 between Sept 30 to Oct 7 was the sale of a four-bedroom unit at Nassim Lodge. The 4,176 sq ft unit was sold for $14.5 million ($3,472 psf) on Oct 2, netting the seller a record profit of $11.5 million (383%).According to Raymond Ler, co-founder of Halcyon Real Estate, the development is a rare boutique development with just eight units located at 7, Nassim Road in prime District 10. Completed in 1984, the freehold condo offers large and exclusive living spaces for its residents, making it a sought-after address in the prestigious Nassim Road neighbourhood.See Also: Resale four-bedder at Yong An Park reaps $6.55 mil profitThe 4,176 sq ft unit at Nassim Lodge was sold for $14.5 million ($3,472 psf) on Oct 2 (Photo: Samuel Isaac Chua/EdgeProp Singapore)The latest resale transaction is only the third to be recorded at Nassim Lodge since URA Realis caveat data began on Jan 1, 1995. Before this, the last unit that changed hands was a larger 4,478 sq ft, four-bedroom unit on the first level that sold for $10 million ($2,233 psf) in July 2022.This sale marks the most profitable resale transaction ever recorded at Nassim Lodge, surpassing the previous record of $10 million set by this very same unit.Raymond adds that the property is well-served by amenities such as luxury hotels like St Regis Hotel, Artyzen and Conrad Singapore Orchard, as well as shopping malls such as Claymore Connect, Delfi Orchard and Palais Renaissance. All these makes it an ideal home for those seeking an exclusive and convenient lifestyle.Read also: Resale four-bedder at Yong An Park reaps $6.55 mil profit Additionally, the seller also reaped an annualised profit of 5.5% after holding the unit for over 27 years. This is attributable to the freehold nature of the property, which typically sees resale values appreciate over time.Jacqueline Wong, executive director and founder of boutique real estate consultancy JQT Private shares that transactions at Nassim Lodge are scarce due to the rarity of owning an apartment in a boutique development. “It has just eight units — six apartments and two penthouses, coupled with its ‘creme de la creme’ location,” she adds.Meanwhile, the second-highest profitable resale transaction recorded over the same period was at Sixth Avenue Ville. The resale unit, which was a 1,550 sq ft, three-bedroom unit on the first floor, was sold for $3.1 million (psf). This means that the seller made a profit of $1.83 million after owning the unit for approximately 25 years. This translates to an annualised gain of 5% for the seller.This latest sale also means that it has surpassed the previous record of $3.25 million set by a 1,572 sq ft, three-bedroom unit that changed hands in May 2023.Read also: Resale three-bedder at Sommerville Park records $2.74 million profitThe seller of a 1,550 sq ft unit at Sixth Avenue Ville on Sept 30 fetched $3.1 million, netting a profit of $1.83 million (Photo: Samuel Isaac Chua/EdgeProp Singapore)The most profitable resale transaction in District 10 was recorded at Ardmore Park on May 28. The unit that changed hands this time was a five-bedroom unit which sold for $9 million ($3,428 psf). The seller had bought the unit in October 2009 for $4.4 million ($1,674 psf). This translates to a profit of $4.6 million and an annualised gain of 105.9%.In the same week, the most unprofitable transaction was the sale of a four-bedroom unit at Cliveden at Grange for $9 million ($3,167 psf). This unit was previously sold in July 2007 for $10.38 million, resulting in a loss of $1.38 million (13.3%) for the seller, after holding it for slightly over 18 years.The most profitable condo resale transaction in District 10 so far in 2021 was recorded in May at Ardmore Park. A five-bedroom unit sold for $9 million on May 28, netting a profit of $4.6 million (Photo: Samuel Isaac Chua/EdgeProp Singapore)In terms of rental transactions, the most profitable transaction for a four-bedroom unit at Tanglin Residences was recorded for the week of Sept 30. The 2,885 sq ft unit was rented out for $14,500 per month. Neighboring this condo are the American Club and the Tanglin Club, a members-only sports and country club.See Also: Profitable condo resale transactions worth $10 million in SeptemberRaymond shares that the project is ideal for expatriates and families seeking for a luxury apartment in the heart of the city. The apartment is located in the vicinity of upscale amenities such as the Tanglin Shopping Centre, Tanglin Mall, and Orchard Road shopping belt.As a result, rental demand for such units is high, resulting in a higher rental rate for investors. “The good rental yield is a bonus for investors,” adds Wong.For the week of Sept 30, the most unprofitable transaction for rental properties was recorded at The Claymore. A two-bedroom unit, which was a 980 sq ft unit, was rented out for $4000 per month on Oct 3. At this price, the owner has suffered a loss of $1,500 per month, considering that rent was $5500 when the owner bought it in 2015 for $2.48 million (psf).Read also: Profitable condo resale transactions worth $10 million in SeptemberLooking ahead, Johnathan shares that demand for luxury properties is expected to remain firm. “The pandemic has impacted the sales of overseas properties, and investors have redirected their focus to the local luxury residential market, particularly for projects in District 10, as it is a prime location,” he adds.Both Raymond and Jacqueline expect prices in prime districts to gradually increase, especially for freehold projects in the vicinity of Orchard Road as demand is expected to remain strong for such properties.Source: EdgeProp Research Tag: Condo, Profitable, Resale, Transaction, Nassim Lodge

The sale of a four-bedroom unit at Nassim Lodge was the most profitable resale transaction in District 10 for the week of Sept 30 to Oct 7. The seller of the 4,176 sq ft unit took home a record profit of $11.5 million (383%) when it was sold for $14.5 million ($3,472 psf) on Oct 2.The unit had been previously purchased for around $3 million ($799 psf) in May 1998. This means that the seller reaped an annualised profit of 5.5% after holding the unit for over 27 years.Nassim Lodge, a freehold boutique condo with eight units, is located at 7 Nassim Road in prime District 10. According to Raymond Ler, co-founder of Halcyon Real Estate, the boutique development was formerly known as Seven Nassim.See Also: Resale four-bedder at Yong An Park reaps $6.55 mil profitThe 4,176 sq ft unit at Nassim Lodge, sold for $14.5 million ($3,472 psf) on Oct 2 (Photo: Samuel Isaac Chua/EdgeProp Singapore)Completed in 1984, the project enjoys a prominent location along the prestigious Nassim Road, just off Tanglin Road. It is in close proximity to