Four-bedder at Trevose Park achieves record profit of $3.4 mil
The freehold condominium was completed in 1991, with 150 units spread across 5 blocks. Situated on Trevor Crescent in District 11, it is close to Raffles Town Club, Singapore Chinese Girls’ School and St Joseph’s Institution. Stevens MRT Station on the Thomson-East Coast and Downtown Lines is close, while facilities at Chancery Court and Coronation Shopping Plaza are in just a six-minute drive.
Meanwhile, the most unprofitable deal at Reflections at Keppel Bay occurred when a 7,050 sq ft penthouse on the 40th level fetched $11 million ($1,560 psf) in September 2021, after its preliminary purchase at $17.98 million ($2,550 psf) in May 2007. The offer worked out to a $6.98 million loss, or an annualised loss of 3.4% over 14 years.
A four-bedroom flat at Trevose Park was one of the most rewarding apartment resale transaction during the week of March 3 to 10. The ground floor, 2,562 sq ft unit brought $5.25 million, or $2,049 psf, on March 3. Formerly, the unit was acquired for $1.82 million ($712 psf) in April 2001. This indicates the seller gained a document profit of $3.43 million (187.8%), or an annualised profit of 4.3% over virtually 25 years.
This is the 2nd most valuable resale transaction for Riveredge. The record at the moment comes from a 1,884 sq ft four-bedroom unit that cost $3.9 million ($2,070 psf) in October 2023. The vendor, who purchased the unit for $1.82 million ($965 psf) in April 2008, earned a revenue of $2.08 million, or an annualised return of 5.1% around 15 years.
The second-highest return throughout the week in evaluation originated from the sale of a four-bedroom unit at Riveredge. The 1,604 sq ft unit on the 10th floor brought $3.22 million, or $2,008 psf, on March 9. The seller had purchased the unit for $1.15 million ($717 psf) in March 2009, hence recording a revenue of $2.07 million (180.1%) and an annualised gain of 6.3% over 17 years.
Based upon cautions lodged, this transaction is the record loss at the growth. Prior to this, the most unlucrative transaction took place when a 648 sq ft one-bedroom unit was sold for $1.25 million ($1,935 psf) in 2018, after being bought for $1.6 million ($2,475 psf) in January 2013. The vendor made a loss of regarding $348,800, equating to an annualised loss of 4.6% in just over 5 years.
One of the most unlucrative resale transaction during the week in review was the sale of a two-bedroom unit at Liberte. The 1,324 sq ft unit on the 12th ground was sold for $2.1 million ($1,586 psf) on March 4, after formerly being acquired for $2.8 million ($2,117 psf) in March 2013. This marks a loss of about $703,000 (25.1%), or an annualised loss of 2.1% over 13 years for the seller.
Meanwhile, Reflections at Keppel Bay recorded the 2nd most unlucrative condominium resale transaction of the week. A 1,550 sq ft, three-bedroom unit on the 36th floor altered hands for $2.9 million ($1,871 psf) on March 4, after being purchased for $3.58 million ($2,306 psf) in February 2011. Thus, the seller accumulated a deficit of more than $674,000 (18.9%) and an annualised losses of 1.4% on top of 15 years.
Settling along Sampan Place in District 15, Riveredge is a 99-year leasehold condo with 135 units in a single 18-storey high rise. It offers a mix of 2- to four-bedroom apartments and penthouses measuring 980 to 3,208 sq ft. Finished in 2008, the condominium fronts the Geylang River and is inside walking distance of Mountbatten MRT Stop on the Circle Line and Katong Park MRT Terminal on the Thomson-East Coast Line.
To day, this is the most successful resell deal at Trevose Park, beating the former record increase of $3.41 million, the moment a 2,788 sq ft four-bedder switched hands for $5.2 million ($1,865 psf) in March 2024. The very same unit had actually been bought for $1.79 million ($642 psf) in December 2001, translating to an annualised growth of 4.9% after 22 years.
Reflections at Keppel Bay is a freehold condominium finished in 2011. It has 1,129 units across six high-rise towers and 11 low-rise suite blocks. Telok Blangah MRT Stop is a 10-minute walking away, with VivoCity and HarbourFront Center one stop afar via the MRT.
