The seller of a unit in Cairnhill Plaza created the top profit of $2.25 million on the week of July 30 to Aug 6. The vendor made a 74 percent gain, or an annualised gain of 2%, over 221/2 decades.
Located across Cairnhill Road in prime District 9, the freehold Cairnhill Plaza was developed by UOL Group (previously Called United Overseas Land).
Finished in 1978, Cairnhill Plaza includes 204 units in 2 30-storey high towers. The development is composed mainly of 3 – and – four-bedroom units, with dimensions ranging from 2,293 sq feet to 3,305 sq ft. Located close to the Orchard Road shopping belt, Cairnhill Plaza is a one-minute driveway from Far East Plaza, plus a three-minute driveway from Ion Orchard. Mount Elizabeth Hospital is only an eight-minute walk off.
See KI Residences Sunset Way Clementi for location details.
The 2nd best advantage made within the week — a 110% gain of $1.57 million — was Tanglin Park, situated at Ridley Park in prime District 10. This usually means that the vendor made an annualised gain of 4 percent over 18 decades.
Completed in 1989, the freehold Tanglin Park includes a total of 274 units, and is manufactured by City Developments Ltd.. It’s a three-minute driveway from Gleneagles Medical Centre, along with a six-minute drive in the Singapore Botanic Gardens. Tanglin Park can also be a less than six-minute driveway from Ion Orchard, Tanglin Mall, Takashimaya, and The Paragon.
In The Draycott, the vendor of a 10th-floor unit created the third most rewarding transaction of $1.5 million of this week. The 2,637 sq feet, three-bedroom unit has been purchased for about $ 3 million ($1,138 psf) in April 1997, and sold for $4.5 million ($1,706 psf) on July 31. The seller produced a 50% gain, or an annualised gain of 2% more than 22 decades.
Situated in prime District 10, in Draycott Park, the freehold The Draycott includes 132 units in 34 flooring. The development has been finished in 1980.
On the flip side, the best loss incurred within the week was in the resale price of an 861 sq ft unit in Vida, in Peck Hay Road, at prime District 9. The seller sold the home for about $ 1.6 million ($1,858 psf) on Aug 1, also lasted a 36% reduction of $896,000. Within a holding period of over nine decades, this translates into an annualised reduction of 5 percent.
The freehold Vida has been finished in 2009, also developed by Far East Organization. It includes a total of 137 units.