Resale unit at Leonie Gardens reaps $1.8 mil profit
By Charlene Chin
/ EdgeProp Singapore |
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The seller of a unit at Leonie Gardens made the top gain of $1.83 million over the week of June 26 to July 2. The 1,733 sq ft, three-bedroom unit on the 14th floor was bought for $860,000 ($496 psf) in July 2005 and sold for $2.69 million ($1,551 psf) on July 2. The seller made a 213% profit, or an annualised profit of 9% over 14 years.
Located in prime District 9, Leonie Gardens was completed in 1993 and comprises 138 99-year leasehold units. It is nine minutes by foot to the upcoming Great World MRT Station on the Thomson-East Coast Line, which is expected to be completed in 2021.
The second top gain made over the week – a 48% profit of $1.45 million – was at Sky@ Eleven, off Thomson Road in District 11. The 2,713 sq ft, four-bedroom unit on the 20th floor was purchased for $3 million ($1,106 psf) in August 2008 and sold for $4.45 million ($1,641 psf) on June 27. This means that the seller made an annualised profit of 4% over 11 years.
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Along Thomson Lane, Sky@Eleven comprises 273 freehold units across 43 storeys and was completed in 2010. It is a 16-minute walk to Caldecott MRT Station on the Circle Line.
A unit sold at The Trevose, off Dunearn Road in District 11, made the third most profitable transaction over the week, netting a 99% profit of $1.31 million for the seller. The 1,894 sq ft, four-bedroom unit on the fourth floor was bought in October 2003 for $1.32 million ($696 psf), and sold for $2.63 million ($1,388 psf) on June 28. The seller therefore made an annualised profit of 4% over 16 years.
The Trevose, completed in 2001, comprises 142 units on a 99-year leasehold. It is a seven-minute walk to Stevens MRT Station on the Downtown Line.
For price trends, recent transactions, other project info, check out these projects' details page: Leonie Gardens, Sky@ Eleven, The Trevose, and Caribbean at Keppel Bay
On the other hand, the greatest loss incurred over the week was from the resale of a 1,464 sq ft, three-bedroom unit at Caribbean at Keppel Bay in District 4. Having sold the property for $2.12 million ($1,448 psf) on July 1, the seller sustained a 13% loss of $330,000. The unit was purchased in May 2014 for $2.45 million ($1,674 psf). Over a holding period of five years, this translates into an annualised loss of 3%.
Caribbean at Keppel Bay is a 969-unit, 99- year leasehold project on Keppel Bay Drive. Completed in 2004, it is a 10-minute walk to HarbourFront MRT Interchange Station on the North-East Line and Circle Line.
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For the Latest Listings near Leonie Gardens, Click Here
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Landed transactions with the highest profits in the past year
Most unprofitable condo transactions in past 1 year
Compare price trend of Condo new sale vs EC new sale
Condo transactions with the highest profits in the past year
Condo projects with most unprofitable transactions
Landed transactions with the highest profits in the past year
Most unprofitable condo transactions in past 1 year
Compare price trend of Condo new sale vs EC new sale
Condo transactions with the highest profits in the past year
Condo projects with most unprofitable transactions
https://www.edgeprop.sg/property-news/resale-unit-leonie-gardens-reaps-18-mil-profit
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