JUST SOLD: Trendale Tower unit sold for $3.6 million profit
By Tan Chee Yuen
/ The Edge Property |
A 3,208 sq ft high-floor unit at Trendale Tower changed hands for $5.5 million or $1,715 psf in October this year. It represented a profit of $3.6 million or 193% to the seller, who had been holding the property since June 2004. This translates into an annualised return of 9.9%.
Trendale Tower is a freehold apartment development along Cairnhill Road in prime District 9, comprising 18 same-sized units. Completed in 1982, the development is 400m from Newton MRT station and 600m from the Orchard Road shopping belt. Popular schools including Anglo-Chinese School (Primary and Junior) are also located within 1km from the property.
The transaction in October 2015 was the first transaction since 2012, when two units were sold at $5.3 million or $1,652 psf.
High-floor unit at Trendale Tower sold for $3.6 million profit in October this year
Recent transactions at Trendale Tower
Contract date | Address | Unit Area (sq ft) | Price ($) | Price ($ psf) |
|---|---|---|---|---|
7-Oct-15 | 79 CAIRNHILL ROAD #XX-XX | 3,208 | 5,500,000 | 1,715 |
18-Oct-12 | 79 CAIRNHILL ROAD #XX-XX | 3,208 | 5,300,000 | 1,652 |
30-Jul-12 | 79 CAIRNHILL ROAD #XX-XX | 3,208 | 5,300,000 | 1,652 |
8-Jun-10 | 79 CAIRNHILL ROAD #XX-XX | 3,208 | 4,830,000 | 1,506 |
23-Sep-09 | 79 CAIRNHILL ROAD #XX-XX | 3,208 | 4,600,000 | 1,434 |
Source: URA, The Edge Property
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Editor: To real estate agents – if you have concluded an interesting deal recently, we would love to hear from you! Contact us at propertyeditor.sg@bizedge.com
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