The seller of a unit in The Oceanfront @ Sentosa Cove created the best profit of $2.2 million on the week end of Sept 17 to 24. Therefore, the seller produced a 27% gain, or an annualised gain of 2% over 13 decades.
Situated in District 4, The Oceanfront @ Sentosa Cove includes 264 units on a 99- year leasehold and has been finished in 2010.
The 2nd top profit made within the week — a 167% gain of $1.75 million — was in The Shelford, on Shelford Road at District 11. This usually means that the vendor made an annualised gain of 7% over 141/2 decades.
The Shelford includes 215 freehold units around six storeys and has been finished in 2005.
A device sold in The Wharf Residence, together Tong Watt Road at District 11, produced the third most rewarding trade over the week, netting an 88% gain of $1.2 million for the vendor. The 1,066 sq feet, two-bedroom unit around the 20th floor has been purchased in June 2009 for about $ 1.36 million ($1,274 psf), also sold for $2.56 million ($2,402 psf) on Sept 24. The vendor therefore created an annualised gain of 6% over 10 decades.
The Wharf Residence, finished in 2012, includes 186 units onto a 999-year leasehold. It’s a nine-minute stroll into Fort Canning MRT Station on the Downtown Line.
On the flip side, the best loss incurred within the week was in the resale of a 5,511 sq ft unit in The Trillium at District 9. Having sold the land for about $10.38 million ($1,883 psf) on Sept 23, the vendor lasted a 16% reduction of $2.02 million. Within a holding period of eight decades, this translates into an annualised reduction of 2%.
Finished in 2010, it’s a two-minute stroll into the future Great World MRT Station on the Thomson-East Coast Line, which is intended for completion at 2021.