Read more Flexibility Plays To Co-Residing Sector’s Benefit Amidst Covid-19 Uncertainties

Flexibility Plays To Co-Residing Sector’s Benefit Amidst Covid-19 Uncertainties

The vendor of a unit in Montview, together Mount Sinai Drive, created the best profit of $969,400 within the period from April 14 to 19. The seller consequently created a 104% gain, or an annualised gain of 5% over nearly 15 decades.

Situated in District 10, Montview has been finished in 2008 and contains 115 freehold units.

The 2nd best gain made within the week — a 26% gain of $700,000 — has been Scotts Square, along Scotts Road. The 947 sq ft unit on the 27th floor has been bought for $2.7 million ($2,850 psf) at March 2017 and marketed for $3.4 million ($3,589 psf) on April 17. This usually means that the vendor made an annualised gain of 8% over three decades.

Scotts Squarein District 9, includes 338 freehold units. It was finished in 2011 and is a seven-minute stroll to Orchard MRT Station on the North-South Line.
Scotts Squarein District 9, includes 338 freehold units. It was finished in 2011 and is a seven-minute stroll to Orchard MRT Station on the North-South Line.

A unit sold in Blue Horizon, together West Coast Crescent at District 5, also made the third biggest gain over the week, netting a 79% gain of $542,930 for your vendor. The seller consequently made an annualised gain of 4% over 14 decades.

Blue Horizon, finished in 2005, includes 616 units onto a 99-year leasehold. It’s a five-minute drive into the Clementi MRT Station on the East-West Line.

The fourth top advantage incurred within the week was in the resale of a 1,894 sq ft unit in Pebble Bay at District 15. Having sold the land for about $ 2.84 million ($1,498 psf) on April 16, the vendor reaped a 23% gain of $538,000. Within a holding period of nearly 13 decades, this translates into an annualised gain of 2%.

Pebble Bay, together Tanjong Rhu Road, includes 510 units onto a 99-year leasehold. Finished in 1997, it’s 1 minute by foot into the coming Tanjong Rhu MRT Station on the Thomson-East Coast Line, slated for opening in 2023.