Resale unit at Camelot By-The-Water reaps $1 mil profit

By Charlene Chin
/ EdgeProp Singapore |
Ask Buddy
Condo transactions with the highest profits in the past year
Most unprofitable landed transactions in past 1 year
Condo projects with most unprofitable transactions
Condo projects with most expensive average PSF
Condo projects with most profitable transactions
Condo transactions with the highest profits in the past year
Most unprofitable landed transactions in past 1 year
Condo projects with most unprofitable transactions
Condo projects with most expensive average PSF
Condo projects with most profitable transactions
SINGAPORE (EDGEPROP) - The seller of a unit at Camelot By-The-Water, on Tanjong Rhu Road, made the top gain of $1 million over the week of Jan 28 to Feb 4. The 4,801 sq ft unit 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) on Jan 30. The seller therefore made a 18% profit, or an annualised profit of 1% over 12 years.
Located in District 15, Camelot By-The-Water was completed in 2000 and comprises 99 units on a 99-year leasehold. It is a five-minute walk to the upcoming Tanjong Rhu MRT Station on the Thomson East-Coast Line, which is slated for completion in 2023.
The second top gain made over the week – a 102% profit of $984,705 – was at Caribbean at Keppel Bay, along Keppel Bay Drive. 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. This means that the seller made an annualised profit of 5% over 14 years.
Advertisement
Caribbean at Keppel Bay, in District 4, comprises 969 units on a 99-year leasehold. It was completed in 2004 and is a 10-minute walk to Harbourfront MRT Station on the North-East and Circle Lines.
A unit sold at One Leicester, along Leicester Road in District 13, made the third largest gain over the week, netting 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 psf), and sold for $1.76 million ($1,406 psf) on Jan 31. The seller therefore made an annualised profit of 5% over almost 14 years.
One Leicester, completed in 2008, comprises 194 freehold units. It is a five-minute walk to Potong Pasir MRT Station on the North-East Line.
The greatest loss incurred over the week was from the resale of a 2,185 sq ft unit at Marina Collection in District 4 (Credit: The Edge Singapore)
The greatest loss incurred over the week was from the resale of a 2,185 sq ft unit at Marina Collection in District 4 (Credit: The Edge Singapore)
On the other hand, the greatest loss incurred over the week was from the resale of a 2,185 sq ft unit at Marina Collection in District 4. Having sold the property for $3 million ($1,373 psf) on Jan 31, the seller suffered a 31% loss of $1.37 million. The unit was purchased in October 2012 for $4.37 million ($2,000 psf). Over a holding period of seven years, this translates into an annualised loss of 5%.
Marina Collection is a 124-unit project on a 99-year leasehold along Cove Drive. Completed in 2011, it is 10 minutes by car to Harbourfront MRT Station.
For price trends, recent transactions, other project info, check out these projects' research page: Camelot By-The-Water, Caribbean at Keppel Bay, One Leicester, Marina Collection
Advertisement
Read also:
Ask Buddy
Condo transactions with the highest profits in the past year
Most unprofitable landed transactions in past 1 year
Condo projects with most unprofitable transactions
Condo projects with most expensive average PSF
Condo projects with most profitable transactions
Condo transactions with the highest profits in the past year
Most unprofitable landed transactions in past 1 year
Condo projects with most unprofitable transactions
Condo projects with most expensive average PSF
Condo projects with most profitable transactions

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

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.

View More