Seller at The Tresor scores record $2.2 mil profit
The most recent arrangement notes the very first purchase at The Tresor this year and one of the most successful offer at the property development to day. It overtakes the past document increase of $1.93 million, that comes from a 2,185 sq ft, four-bedroom apartment. The unit, that was marketed by the property developer for $2.27 million ($1,040) in October 2006, consequently switched hands for $4.2 million ($1,922 psf) in March 2020. Because of this, the vendor gained an annualised earnings of 4.7% over greater than 13 years.
Marina Bay Suites makes up a particular 66-storey household tower, using a blend of 3- and four-bedroom units determining in between 1,572 and 2,691 sq ft. There are likewise 3 penthouses, consisting of a four-bedder of 4,715 sq ft and 2 five-bedders of 5,662 and 8,181 sq ft.
The Tresor is a 999-year leasehold condominium positioned on Duchess Roadway in prime District 10. The 62-unit property development was concluded in 2007 and consists of a mix of 2-, 3- and four-bedders varying from 990 to 2,896 sq ft. The condominium lies just within strolling range of Tan Kah Kee MRT Terminal on the Downtown Line, along with numerous features, consisting of Coronation Shopping Plaza and Serene Centre.
The Tresor climbed the selection of lucrative condominium resale deals throughout the week of Jan 27 to Feb 3. The sale of a 2,551 sq ft, four-bedroom unit at the property development documented the best growth for the week when it shifted controls for $5.98 million ($2,344 psf) on Feb 2. The vendor had actually acquired it for $3.75 million ($1,470 psf) in December 2017. For this reason, the vendor generated an earnings of $2.23 million (59.5%), representing an annualised increase of 5.9% over a little greater than 8 years.
Based upon lodged cautions, the growth observed 14 resale arrangements in 2025, 11 of which were profitless. The units, that extended from 1,572 sq ft to 2,067 sq ft, sustained decreases varying from $220,000 to $2.06 million.
On the other hand, the slightest successful deal in the course of the duration in testimonial included a 1,593 sq ft, three-bedroom unit at Marina Bay Suites. Cost $2.9 million ($1,820 psf) on Jan 30, the 15th-floor unit was initially purchased for $3.27 million ($2,051 psf) in December 2009. This indicates the vendor got a loss of approximately $368,000 (11.3%), or an annualised decline of 0.7% more than a holding duration of simply over 16 years.
Finished in 2013, Marina Bay Suites is a 99-year leasehold condominium situated on Central Blvd in Area 1’s Marina Bay location. It becomes part of the broader Marina Bay Financial Centre (MBFC) mixed-use growth, and is just one of 2 condominiums in MBFC– the various other being the 428-unit Marina Bay Residences.
The 2nd most rewarding apartment resale deal of the week was the sale of a 1,625 sq ft unit at Thomson 800. The two-bedroom unit was sold for $3.2 million ($1,969 psf) on Feb 2. The vendor, that acquired the unit in December 1998 for about $1.07 million ($657 psf), realised an increase of $2.13 million (199.7%) after having the unit for a little over 27 years.
To date, the most significant acquire documented for a unit at Thomson 800 was for the sale of a 3,832 sq ft, three-bedroom unit for $5.38 million ($1,404 psf) in April in 2015. The unit had actually been acquired for $3 million ($783 psf) in June 2007. This calculates to a record gain of $2.38 million, or an annualised gain of 3.3% over just about 18 years, for the dealer.
Accomplished in 1999, Thomson 800 is a freehold property throughout Thomson Roadway in top District 11. The development makes up 3 20-storey towers that house 390 units, consisting of three-bedders covering 1,281 to 1,808 sq ft. There are likewise four-bedroom simplex and duplex penthouses of 3,757 to 5,823 sq ft.
