Unit at Three Three Robin reaps $4.82 mil profit
By Charlene Chin
/ EdgeProp Singapore |
SINGAPORE (EDGEPROP) - The seller of a unit at Three Three Robin, located on Robin Road, made the top gain of $4.82 million over the week of July 13 to 19. The 4,855 sq ft unit on the 11th floor was bought for $4.53 million ($934 psf) in September 2005 and sold for $9.35 million ($1,926 psf) on July 19. The seller therefore made a 106% profit, or an annualised profit of 5% over almost 16 years. (See also: Unit at Leedon Residence reaps $2.9 mil profit)
The 4,855 sq ft unit at Three Three Robin was sold for $9.35 million ($1,926 psf) on July 19 (Credit: Samuel Isaac Chua/ The Edge Singapore)
Located in District 10, Three Three Robin was completed in 2005 and has 36 freehold units. It is a 12-minute walk to Stevens MRT Station on the Downtown Line.
The second top gain made over the week — a 203% profit of $1.59 million — was at Adam Place, located on Adam Road. The 1,421 sq ft unit on the third floor was purchased for $785,813 ($553 psf) in May 2006 and sold for $2.38 million ($1,675 psf) on July 16. This means that the seller made an annualised profit of 8% over 15 years.
Adam Place, in District 11, was completed in 1992 and has 24 freehold units. It is a nine-minute drive to Botanic Gardens MRT Interchange Station on the Downtown and Circle Lines.
A unit sold at Caribbean at Keppel Bay, located on Keppel Bay Drive in District 4, made the third largest gain over the week, netting a 82% profit of $1.15 million for the seller. The 1,647 sq ft unit on the seventh floor was bought in October 2000 for $1.4 million ($851 psf), and sold for $2.55 million ($1,548 psf) on July 16. The seller therefore made an annualised profit of 3% over almost 21 years.
Caribbean at Keppel Bay was completed in 2004 and has 969 units on a 99-year leasehold. It is an eight-minute walk to Harbourfront MRT Interchange Station on the North-East and Circle Lines.
The most unprofitable deal of the week was the sale of a 646 sq ft unit at The Scotts Tower (pictured above, centre) for $1.36 million ($2,106 psf) (Credit: Samuel Isaac Chua/ The Edge Singapore)
On the other hand, the most unprofitable deal of the week was the resale of a 646 sq ft unit at The Scotts Tower in District 9. Having sold the property for $1.36 million ($2,106 psf) on July 15, the seller suffered a 35% loss of $720,000. The unit was purchased in January 2013 for $2.08 million ($3,221 psf). Over a holding period of 8½ years, this translates into an annualised loss of 5%. (See: Check all latest property transactions in singapore)
The Scotts Tower, located on Scotts Road, comprises 231 units on a 103-year leasehold, and was completed in 2016. It is a four-minute walk to Newton MRT Interchange Station on the North-South and Downtown Lines.
Check out the latest listings near Three Three Robin, Adam Place, Caribbean at Keppel Bay, The Scotts Tower, Stevens MRT Station, Botanic Gardens MRT Interchange Station, Harbourfront MRT Interchange Station, Newton MRT Interchange Station
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