Dormer Park Record Profit for Seller

Read More: Freehold Shophouse at Veerasamy Road For Sale

Veerasamy Road freehold conservation shophouse selling for $5.2 mil

Veerasamy Road freehold conservation shophouse selling for $5.2 mil

The vender of a unit at Dormer Park situated on Jervois Road made the top increase of $2.03 million throughout the seven day stretch of Feb 18 to 25. The 2,347 sq ft unit on the subsequent floor was purchased for $1.37 million ($584 psf) in May 2003 and sold for $3.4 million ($1,449 psf) on Feb 25. The dealer in this manner made a 148% benefit, or an annualized benefit of 6% over almost 17 years. Please see Midtown Modern Location at Bugis Near to Tan Quee Lan MRT Station.

Dormer Park is situated in District 10 and was finished in 1993 with 92 private units. The freehold property in River Valley is a 14-minute stroll to Redhill MRT Station on the East-West Line.

The subsequent top increase made throughout the week is a unit at The Anchorage in District 3. It got a 126% benefit of $1.77 million. The 2,077 sq ft unit on the sixteenth floor was purchased at $1.4 million ($674 psf) in October 1995 and sold for $3.17 million ($1,526 psf) on Feb 20. This implies the vender made an annualized benefit of 3% over a time of somewhat over 24 years.

The Anchorage is a freehold property with 775 units and 19 stories finished in 1995. Situated inside a short drive to Anchorage Shopping Center and IKEA Alexandra, it is a 10-minute stroll to Queenstown Station on the East-West Line.

A unit sold at Balmoral Hills along Balmoral Park in District 10 made the third biggest benefit throughout the week, increasing 88% benefit of $1.34 million for the vender. The 1,389 sq ft unit on the seventh floor was purchased in September 2005 for $1.51 million ($1,091 psf) and sold for $2.85 million ($2,052 psf) on Feb 24. The merchant subsequently made an annualized benefit of 4% more than 14 years.

Balmoral Hills is a freehold apartment suite that contains 11 stories and 62 units. It is a 21-minute stroll to Stevens Station on the Downtown Line.

Then again, the best misfortune brought about throughout the week was from the resale of a 2,131 sq ft unit on the 26th floor at Skyline 360 @ Saint Thomas Walk. It was sold for $4.75 million ($2,229 psf) on Feb 25. The unit was purchased in January 2013 for $5.05 million ($2,369 psf). The merchant endured a 6% loss of $300,000. Over a holding time of seven years, this means an annualized loss of 1%.

Horizon 360 @ Saint Thomas is a freehold townhouse with 36 stories and 61 private units. Finished in 2013, it is nine minutes by foot to Somerset MRT Station on the North-South Line.