Elizabeth Heights Sold at Profit of $2.54M

Read More: 35 Gilstead An Attractive Pricing for Core City Centre Development

35 Gilstead Offers Cheaper Units in Core City Centre

35 Gilstead Offers Cheaper Units in Core City Centre

Property Investment has always been what buyers are looking at and core city centre developments tend to earn the highest profit. The offer of a unit at Elizabeth Heights situated on Cairnhill Road made the top increase of $2.54 million throughout the seven day stretch of March 3 to 10. The 2,497 sq ft unit on the twelfth floor was purchased for $1.96 million ($785 psf) in November 1999 and sold for $4.5 million ($1,802 psf) on March 9. The merchant in this way made a 130% benefit, or an annualized benefit of 4% more than 20 years. Developers also play a part in the selection of properties in Singapore. Please see Phoenix Residences Developer by OKP Holdings located at Bukit Timah.

Elizabeth Heights is situated in District 9 and was finished in 1985 with 90 private units. The freehold property is an eight-minute stroll to Newton MRT Station on the North-South and Downtown Lines. The subsequent top addition made throughout the week is a unit at The Tresor in District 10. It got a 85% benefit of $1.93 million. The 2,185 sq ft unit on the main floor was purchased at $2.27 million ($1,040 psf) in October 2006 and sold for $4.2 million ($1,922 psf) on March 3. This implies the dealer made an annualized benefit of 5% over a time of marginally over 13 years.

The Tresor is a 999-year leasehold property with 62 units and five stories finished in 2008. Situated in Bukit Timah, it is inside four minutes by foot to Tan Kah Kee MRT Station on the Downtown Line.

A unit sold at Gilstead Court along Gilstead Road in District 11 made the third biggest benefit throughout the week, increasing 213% benefit of $1.62 million for the dealer. The 1,389 sq ft unit was purchased in May 1999 for $759,500 ($547 psf) and sold for $2.38 million ($1,714 psf) on March 6. The vender along these lines made an annualized benefit of 6% more than 20 years.

Gilstead Court is a freehold apartment suite that includes 48 units. It is a nine-minute stroll to Newton Station on the Downtown Line. The best misfortune brought about was from the resale of a 1,851 sq ft unit at Reflections at Keppel Bay.

Then again, the best misfortune brought about throughout the week was from the resale of a 1,851 sq ft unit on the fifth floor at Reflections at Keppel Bay. It was sold for $2.5 million ($1,350 psf) on March 9. The unit was purchased in August 2011 for $3.2 million ($1,734 psf). The merchant endured a 22% loss of over $700,000. Over a holding time of just about nine years, this means an annualized loss of 3%.

Reflections at Keppel Bay is a 99-year apartment suite with 40 stories and 1,129 private units. Finished in 2013, it is 14 minutes by foot to Telok Blangah MRT Station on the Circle Line.