Profits Gained by Property Sellers Recently

The owner of a unit at Camelot By-The-Water located at Tanjong Rhu Road made a profit of $1 million after its sale recently. The 4,801 sq ft unit located on the 14th floor was bought for $5.6 million ($1,166 psf) in February 2008 and sold for $6.6 million ($1,375 psf) just recently.The seller made a profit of $1.0m over a span of 12 years making it one of the most profitable deals for a leasehold development. There are many property gains that can be made if one buys a lower than expected launch price development. Please see Midtown Gardens prices located at Tan Quee Lan Street.
Located in District 15 near to East Coast, Camelot By-The-Water was completed in 2000 and consist of 99 units on a 99-year leasehold land next to many amenities. It is just a five-minute walk to the upcoming Tanjong Rhu MRT Station on the Thomson East-Coast Line which is due to complete in 2023.
In another top gain for property sale this week,  a 102% profit of $984,705 was done at Caribbean at Keppel Bay, along Keppel Bay Drive near to sentosa. The 1,421 sq ft unit on the first floor was purchased for $965,295 ($679 psf) in September 2005 and sold for $1.95 million ($1,372 psf) on Jan 31. The seller made an annualised profit of 5% over 14 years. While most owners along sentosa might have lost money over their investment, the owner here made a cool $1.0M over the course of 14 years.
A unit sold at One Leicester, along Leicester Road in District 13, made the third largest gain over the week. The sale resulted in gaining a 109% profit of $914,900 for the seller. The 1,249 sq ft unit on the 18th floor was bought in April 2006 for $840,100 ($673 ) and sold for $1.76 million on Jan 31. The seller therefore made an annualised profit of 5% over almost 14 years.
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