Seller at The Tresor scores record $2.2 mil profit
Finished in 2013, Marina Bay Suites is a 99-year leasehold apartment situated on Central Blvd in Area 1’s Marina Bay location. It becomes part of the larger Marina Bay Financial Centre (MBFC) mixed-use growth, and is just one of 2 apartments in MBFC– the various other being the 428-unit Marina Bay Residences.
To date, the greatest acquire captured 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.
Marina Bay Suites consists of a single 66-storey household tower, providing 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.
On the other hand, the slightest valuable deal throughout the duration in evaluation 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.
The Tresor climbed the lineup of rewarding condominium resale deals in the course of the week of Jan 27 to Feb 3. The sale of a 2,551 sq ft, four-bedroom unit at the property development reported the leading return for the week when it shifted controls for $5.98 million ($2,344 psf) on Feb 2. The vendor had actually gotten it for $3.75 million ($1,470 psf) in December 2017. Therefore, the vendor brought in a revenue of $2.23 million (59.5%), representing an annualised boost of 5.9% over a little greater than 8 years.
Finished in 1999, Thomson 800 is a freehold property near Thomson Roadway in top District 11. The development makes up 3 20-storey towers that house 390 units, consisting of three-bedders extending 1,281 to 1,808 sq ft. There are additionally four-bedroom simplex and duplex penthouses of 3,757 to 5,823 sq ft.
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 bought the unit in December 1998 for about $1.07 million ($657 psf), realised a growth of $2.13 million (199.7%) after having the unit for a little over 27 years.
The Tresor is a 999-year leasehold residence found on Duchess Roadway in prime District 10. The 62-unit property development was finalized in 2007 and makes up a mix of 2-, 3- and four-bedders stretching from 990 to 2,896 sq ft. The apartment lies within just strolling range of Tan Kah Kee MRT Terminal on the Downtown Line, in addition to a number of features, consisting of Coronation Shopping Plaza and Serene Centre.
Based upon lodged warnings, the growth found 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 declines varying from $220,000 to $2.06 million.
The current price notes the very first deal at The Tresor this year and one of the most lucrative bargain at the property development to day. It surpasses the past document growth 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 shifted hands for $4.2 million ($1,922 psf) in March 2020. Because of this, the vendor enjoyed an annualised revenue of 4.7% over greater than 13 years.
