Three-bedder at The Trillium sold for $1.7 mil profit
/ EdgeProp Singapore |
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The sale of a three-bedroom-plus-study unit at The Trillium was the most profitable condo resale transaction recorded from for the week of Aug 6 to Aug 13. The 1,798 sq ft unit on the sixth floor changed hands for $4.7 million ($2,615 psf) on Aug 12. The seller bought the unit from the developer in June 2007 for $2.986 million ($1,661 psf), which means they made a profit of $1.71 million on the sale. This reflects a capital gain of 57% for the seller, who held the unit for about 17 years.
This is the sixth most profitable resale deal recorded at The Trillium, based on caveats lodged. The record belongs to a 2,390 sq ft, four-bedroom unit that fetched $7.1 million ($2,971 psf) in December 2022. The seller, who bought the apartment as a new unit in April 2007 for $4.17 million ($1,745 psf), netted a gain of $2.9 million on the deal.
The 1,798 sq ft unit at The Trillium changed hands for $4.7 million ($2,615 psf) on Aug 12 (Picture: Samuel Isaac Chua/The Edge Singapore)
The Trillium is a freehold condo on Kim Seng Road, opposite Great World in District 9. The 231-unit development was completed in 2010 and is adjacent to the Great World MRT Station on the Thomson-East Coast Line. It consists of three towers comprising two-bedroom-plus-study units of 1,400 sq ft, three-bedroom-plus-study units of 1,798 sq ft, four-bedders of 2,218 sq ft, and five-bedders of 2,390 sq ft. There are also six penthouses ranging from 5,532 sq ft to 5,737 sq ft.
The condo has seen five other resale transactions to date this year, all of which have been profitable. The units sold measure between 1,400 sq ft to 2,217 sq ft and fetched prices ranging from $3.3 million to $5.45 million. The sellers netted gains between $750,000 and $1.37 million.
The second most profitable condo resale transaction during the week in review occurred at Botannia. A four-bedroom apartment measuring 1,561 sq ft fetched $2.68 million ($1,717 psf) on Aug 8. The fifth-floor apartment was purchased by the seller as a new unit in July 2007 for $1.09 million ($698 psf). This means they made a gain of $1.59 million, which works out to a capital gain of 146% for the seller. They owned the unit for about 17 years.
This marks a new record profit made on a unit at Botannia. It is roughly $120,000 higher than the previous top gain of $1.47 million that was made on the resale of another 1,561 sq ft, four-bedroom unit at the condo on March 4. The unit had sold for $2.7 million ($1,730 psf), while the seller had bought it in June 2009 for $1.23 million ($788 psf).
A 1,561 sq ft unit at Botannia fetched $2.68 million ($1,717 psf) on Aug 8, netting a gain of $1. 59 million (Picture: The Edge Singapore)
Located on West Coast Park, off West Coast Road in District 5, Botannia is a 493-unit condo that was completed in 2009. The development has a leasehold tenure of 956 years. It comprises 11 blocks of 12 storeys each, housing two-bedroom units of 804 sq ft to 1,163 sq ft, three-bedroom units of 1,163 sq ft to 1,636 sq ft, and four-bedroom units of 1,518 sq ft to 3,380 sq ft. There are also penthouses of 2,637 sq ft to 2,723 sq ft.
On the other hand, Mon Jervois saw the most unprofitable condo resale deal during the week in review. This comes from the sale of a 1,496 sq ft, three-bedroom unit for $2.8 million ($1,871 psf) on Aug 8. The seller had acquired the first-floor unit from the developer in July 2013 for about $3.217 million ($2,150 psf). Hence, they incurred a loss of $417,000 (13%) after owning the unit for about 11 years.
The sale of a 1,496 sq ft at Mon Jervois for $2.8 million ($1,871 psf) on Aug 8 incurred a loss of $417,000 (Picture: Samuel Isaac Chua/The Edge Singapore)
Located at Jervois Road in prime District 10, Mon Jervois is a 109-unit condo completed in 2016. The 99-year leasehold development comprises five low-rise blocks. Units include one- to four-bedders between 614 sq ft and 1,981 sq ft. There are also two- to four-bedroom penthouses between 1,475 sq ft and 3,003 sq ft.
The unit sold on Aug 8 is the first apartment at Mon Jervois to change hands in almost a year. The last resale transaction at the condo was the sale of a 1,389 sq ft, three-bedroom condo for $2.6 million ($1,872 psf) on Aug 30, 2023. The seller, who bought the unit for $3.3 million ($2,377 psf) in November 2017, made a loss of $700,000 on the deal — the biggest loss made on a resale transaction at the condo to date, based on caveats lodged.
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