JUST SOLD: Trendale Tower unit sold for $3.6 million profit

By Tan Chee Yuen / The Edge Property | November 5, 2015 3:14 PM SGT
A 3,208 sq ft high-floor unit at Trendale Tower changed hands for $5.5 million or $1,715 psf in October this year. It represented a profit of $3.6 million or 193% to the seller, who had been holding the property since June 2004. This translates into an annualised return of 9.9%.
Trendale Tower is a freehold apartment development along Cairnhill Road in prime District 9, comprising 18 same-sized units. Completed in 1982, the development is 400m from Newton MRT station and 600m from the Orchard Road shopping belt. Popular schools including Anglo-Chinese School (Primary and Junior) are also located within 1km from the property.
The transaction in October 2015 was the first transaction since 2012, when two units were sold at $5.3 million or $1,652 psf.
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High-floor unit at Trendale Tower sold for $3.6 million profit in October this year
Recent transactions at Trendale Tower
Contract date
Address
Unit Area (sq ft)
Price ($)
Price ($ psf)
7-Oct-15
79 CAIRNHILL ROAD #XX-XX
3,208
5,500,000
1,715
18-Oct-12
79 CAIRNHILL ROAD #XX-XX
3,208
5,300,000
1,652
30-Jul-12
79 CAIRNHILL ROAD #XX-XX
3,208
5,300,000
1,652
8-Jun-10
79 CAIRNHILL ROAD #XX-XX
3,208
4,830,000
1,506
23-Sep-09
79 CAIRNHILL ROAD #XX-XX
3,208
4,600,000
1,434

Source: URA, The Edge Property

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