The top two declines throughout the week of June 16 to 23 have been found in Orchard Scotts, a 99-year leasehold growth by Far East Organization. The vendor therefore incurred a 43% reduction of $2.5 million on the purchase, or an annualised reduction of 5% over 12 decades.
The 2nd most unprofitable bargain at Orchard Scotts was to get a 2,228 sq ft unit on the floor. This unit was bought for about $ 4.58 million ($2,056 psf) at November 2012 and sold for about $ 3.1 million ($1,391 psf) on June 18. The seller consequently produced a 32% reduction of $1.48 million. This equates to an annualised reduction of 5% at about eight decades.
It’s near Cairnhill and Orchard Road. It’s a nine-minute walk in the home.
The next most unprofitable bargain of this week was a 1,001 sq feet, two-bedroom unit in L’Viv at District 11. The seller had bought the device around the 23rd floor in April 2012 for about $ 2.26 million ($2,258 psf) and marketed it on June 16 for about $ 1.9 million ($1,898 psf). The seller produced a 16% reduction of roughly $360,000, or an annualised reduction of 2% more than eight decades. L’Viv was designed by Wing Tai Holdings and finished in 2013. The 31-storey growth has 147 units, and can be situated just off Newton Road.
On the flip side, the most lucrative trade in precisely the exact same week included a 1,894 sq feet, three-bedroom unit in Pebble Bay, a 99-year leasehold condo in Tanjong Rhu Road. The 13-floor unit has been purchased for about $ 2.5 million ($1,320 psf) at October 2010 and sold for about $ 3 million ($1,584 psf) on June 16. The seller made a gain of $500,000 or 20% over the purchase, translating to an annualised gain of 2% over nearly a decade.
Produced by CapitaLand, Pebble Bay is a condo facing the Kallang River. The nearest MRT station is crossover to the Circle Line, and it will be a 12-minute walk off.
The 2nd top profit made over precisely the exact same week was Park Green in Rivervale Linkoff Sengkang East Avenue. This usually means that the vendor made a gain of close to $490,000 roughly 91%, translating into a annualised gain of 4% over near 18 decades.
Produced by NTUC Choice Homes, Park Green is a 368-unit executive condominium finished in 2005. It’s close to Punggol Park along with also the future Sengkang Grand Theater, that is incorporated with Buangkok MRT Station on the North-East Line.
The next top advantage was by a vendor in Prospero Ville, a freehold condo at Lorong K Telok Kurau. The 2,174 sq ft unit on the fourth floor has been purchased for about $ 1.05 million ($483 psf) at May 2011 and marketed for $1.45 million ($667 psf) on June 16. It netted a 38% gain of $400,000 for the vendor, who produced an annualised gain of 4% over nine decades. The 20-unit boutique growth by Hoi Hup Realty has been finished in 2002.