>

JUST SOLD: 3,703 sq ft penthouse fetched $1.2 million profit

By Metta Lee

/ The Edge Property |

June 16, 2016 11:49 AM SGT

A 3,703 sq ft penthouse at Vertis in Marine Parade was recently sold for $3.7 million, after being held for exactly 10 years. It was first purchased back in May 2006, for $2.49 million, thus fetching the owner a profit of $1.2 million or 49% over nine years.

According to PropNex associate team director Christopher Chia, who marketed the rental of the unit last year, the penthouse has two sea-facing bedrooms and living rooms.

Vertis is a freehold apartment located on Amber Road. Completed in 2009, the 42-unit development is within 500m from Parkway Parade and within 300m from East Coast Park.

Recent transactions at Vertis

Contract date	Unit size	Price ($)	Price ($ psf)
May 30, 2016	3,703	3,700,000	999
January 22, 2015	2,583	2,380,000	921
May 2, 2014	2,099	2,700,000	1,286

Source: URA, The Edge Property

Tags:

just sold Vertis

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.