JUST SOLD: Condo in Kallang sold for $1.91M profit

By Tan Chee Yuen / The Edge Property | December 17, 2015 5:02 PM SGT
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A 2,745 sq ft unit at Pebble Bay was sold in November 2015 for a profit of $1.91 million, according to recent caveat lodged with URA. This translates to a profit margin of 86% or annualised return of 3%. The seller purchased the property for $2.21 million ($805 psf) in Feb 1 1995 before he resold it for $4.12 million ($1,501 psf) in November this year. Benson Koh, senior group division director, and managing partner of SLP International's SRI5000, was the marketing agent for the sale.
There was a comparable transaction in September when another 2,756 sq ft unit changed hands for $3.30 million ($1,198 psf).
View from the balcony, overlooking the National Stadium
Spacious living room of the unit
Pebble Bay is a 99-year leasehold condominium project situated in the Tanjong Rhu area. It was developed by CapitaLand and completed in 1998.
The 510-unit development is located within 600m from the Stadium MRT station of the Circle Line and a stone-throw away from the Kallang Wave Mall, Marina Bay Golf Course and Bay East Garden.
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