The device was formerly bought for $1.75 million ($ 557 psf) in August 1999. The device was acquired 13 years ago for $1.93 million ($ 888 psf), as well as lately changed hands for $4.15 million ($ 1,909 psf). The device was bought in August 2010 for $10 million ($1,333 psf), which translates to a $2.3 million loss over a 12-year holding duration.
The Top Ten home block is located at 134 Emerald Hill Road, amid the preservation shophouses on Emerald Hill Road, simply off Orchard Road on one side as well as Cairnhill Road on another. The project lies within prime District 9.
The Arcadia is a 10-storey condo project with just 164 systems. Three-bedroom units are sized from 3,466 to 3,735 sq ft, while four-bedroom systems are sized from 3,714 to 4,672 sq ft. Meanwhile, penthouses are 7,503 sq ft, five-bedroom simplexes. The 99-year leasehold condo has a lease from 1979, with the job completed in 1983.
The 3,143 sq ft, four-bedroom penthouse at Top Ten altered hands for $5.19 million ($ 1,650 psf), according to a caveat on July 19. The unit was previously purchased for $1.75 million ($ 557 psf) in August 1999. It translates to a capital gain of $3.44 million or 196% after a 23-year holding duration.
The Reserve Residences Floor Plan
Huge four-bedroom houses and penthouses in the prime districts dominated the leaderboard in the most rewarding and also unprofitable deals over the two-week period from July 12 to 26. The deal that marked the biggest rate gain was for the most significant system at Top Ten, an 11-unit, six-storey, freehold apartment or condo block at Emerald Hill Road, constructed in 1978.
The 2nd most unlucrative offer took place at the 70-unit, freehold CityVista Residences. Situated at Peck Hay Road, just off Clemenceau Avenue in prime District 9, the 20-storey condo block was finished in 2010.
The most significant resources gain was seen when a four-bedroom apartment or condo at Top Ten, a house block at Emerald Hill Road transformed hands for $5.2 million, at $3.43 million over the original purchase cost 23 years previously
The most current purchase was for a 2,626 sq ft, four-bedroom system on the 12th floor that was offered for $4.95 million ($1,885 psf) on July 19. The system was last acquired for $6.83 million ($2,600 psf) at the optimal of the last home boom in 2007.
The second-most profitable deal for July 12 to 26 was located at The Shelford. The purchase was for a 2,174 sq ft, four-bedroom penthouse on the top floor of among the advancement’s five-storey blocks. The system was acquired 13 years ago for $1.93 million ($ 888 psf), as well as recently transformed hands for $4.15 million ($ 1,909 psf). For the vendor, it equates to a gain of $2.22 million.
The job is located on Arcadia Road, off Adam Road in prime District 11.
The most unprofitable deal was for a 7,503 sq ft, five-bedroom penthouse at The Arcadia. The penthouse just recently changed hands for $7.7 million ($1,026 psf), based on a caveat lodged on July 14. The unit was purchased in August 2010 for $10 million ($1,333 psf), which converts to a $2.3 million loss over a 12-year holding period.
The most recent purchase was for a 2,626 sq ft, four-bedroom device on the 12th floor that was cost $4.95 million ($1,885 psf) on July 19. The device was last bought for $6.83 million ($2,600 psf) at the top of the last residential property boom in 2007. Thus, the seller saw the cost for the unit marked down by $1.88 million.
The 215-unit, freehold condominium, positioned on Shelford Road in prime District 11, was developed by CapitaLand as well as finished in 2005. The task is preferred with family members with school-going children, given its distance to colleges such as Anglo-Chinese School (Junior), St Margaret’s Secondary School, Anglo-Chinese School (Primary) as well as Raffles Girls’ Primary School.
A 7,503 sq ft, penthouse at The Arcadia ended up being the most unprofitable transaction for Jul 12-26, when it was sold for $7.7 million, $2.3 million lower than its $10 million purchase price 12 years back
