Resale unit at Camelot By-The-Water reaps $1 mil profit

Resale unit at Camelot

SINGAPORE (EDGEPROP) – Tq ft unit on the fourteenth floor was purchased for $5.6 million ($1,166 psf) in February 2008 and sold for $6.6 million ($1,375 psf) on Jan 30. The vender in this way made a 18% benefit, or an annualized benefit of 1% more than 12 years.

Situated in District 15, Camelot By-The-Water was finished in 2000 and contains 99 units on a 99-year leasehold. It is a five-minute stroll to the forthcoming Tanjong Rhu MRT Station on the Thomson East-Coast Line, which is scheduled for culmination in 2023.

Resale unit at Camelot-Take a look on Freehold Condominium.

The subsequent top addition made throughout the week – a 102% benefit of $984,705 – was at Caribbean at Keppel Bay, along Keppel Bay Drive. The 1,421 sq ft unit on the main floor was bought for $965,295 ($679 psf) in September 2005 and sold for $1.95 million ($1,372 psf) on Jan 31. This implies the dealer made an annualized benefit of 5% more than 14 years.

Caribbean at Keppel Bay, in District 4, involves 969 units on a 99-year leasehold. It was finished in 2004 and is a 10-minute stroll to Harbourfront MRT Station on the North-East and Circle Lines.

A unit sold at One Leicester, along Leicester Road in District 13, made the third biggest addition throughout the week, netting a 109% benefit of $914,900 for the dealer. The 1,249 sq ft unit on the eighteenth floor was purchased in April 2006 for $840,100 ($673 psf), and sold for $1.76 million ($1,406 psf) on Jan 31. The merchant along these lines made an annualized benefit of 5% over very nearly 14 years.

One Leicester, finished in 2008, contains 194 freehold units. It is a five-minute stroll to Potong Pasir MRT Station on the North-East Line.

Then again, the best misfortune acquired throughout the week was from the resale of a 2,185 sq ft unit at Marina Collection in District 4. Having sold the property for $3 million ($1,373 psf) on Jan 31, the vender endured a 31% loss of $1.37 million. The unit was bought in October 2012 for $4.37 million ($2,000 psf). Over a holding time of seven years, this converts into an annualized loss of 5%.

The Avenir is another freehold condo. Lauched in this year.