Resale unit at Strata reaps $1.1 mil profit
By Charlene Chin
/ EdgeProp Singapore |
Ask Buddy
SINGAPORE (EDGEPROP) - The seller of a unit at Strata, on Essex Road, made the top gain of $1.1 million over the week of Nov 19 to 26. The 1,636 sq ft unit on the 21st floor was bought for $1.15 million ($701 psf) in January 2004 and sold for $2.2 million ($1,345 psf) on Nov 22. The seller therefore made a 92% profit, or an annualised profit of 4% over 16 years.
Located in District 11, Strata comprises 100 freehold units and was completed in 2006. It is a six-minute walk to Novena MRT Station on the North-South Line.
The second biggest gain made over the week – a 25% profit of $983,801 – was at Leedon Residence, on Leedon Heights in District 10. The 2,131 sq ft unit on the sixth floor was purchased for $3.9 million ($1,828 psf) in September 2012 and sold for $4.88 million ($2,290 psf) on Nov 21. This means that the seller made an annualised profit of 3% over seven years.
Leedon Residence comprises 381 freehold units and was completed in 2015. It is a five-minute drive to Holland Village MRT Station on the Circle Line.
A unit sold at JC Draycott, along Draycott Drive in District 10, made the third most profitable transaction over the week, netting a 147% profit of $981,300 for the seller. The 797 sq ft unit on the second floor was bought in December 1998 for $668,700 ($840 psf), and sold for $1.65 million ($2,071 psf) on Nov 25. The seller therefore made an annualised profit of 4% over 21 years.
JC Draycott, completed in 1998, comprises 35 freehold units. It is 12 minutes by foot to Orchard MRT Station on the North-South Line.
The biggest loss incurred over the week of Nov 19 to 26 was from the resale of an 861 sq ft unit at Vida in District 9 (Credit: Samuel Isaac Chua/ The Edge Singapore)
On the other hand, the biggest loss incurred over the week was from the resale of an 861 sq ft unit at Vida in District 9. Having sold the property for $1.64 million ($1,910 psf) on Nov 25, the seller sustained a 38% loss of $1.02 million. The unit was purchased in August 2011 for $2.66 million ($3,089 psf). Over a holding period of eight years, this translates into an annualised loss of 6%.
Vida is a 137-unit, freehold project on Peck Hay Road. Completed in 2009, it is a 10-minute walk to Newton MRT Interchange Station on the Downtown and North-South Lines.
For price trends, recent transactions, other project info, check out these projects' research page: Strata, Leedon Residence, JC Draycott, Vida
Read also:
Check out the latest listings near Strata, Leedon Residence, JC Draycott, Vida, MRT Stations and Schools
Ask Buddy
Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp FacebookSubscribe to our newsletter
Top Articles
Search Articles