Resale at The Ladyhill reaps $2.6 mil profit

By Valerie Kor
/ EdgeProp Singapore |
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SINGAPORE (EDGEPROP) - The most profitable deal over the week of Oct 6 to 13 is the sale of a four-bedroom unit on the ground floor at The Ladyhill. It transacted at $6.95 million ($2,117 psf) on Oct 8, after having been previously bought at $4.34 million ($1,321 psf). It therefore earned the seller a 60% profit of $2.61 million, or an annualised profit of 3.1% over more than 15 years.
The Ladyhill is the maiden luxury condominium of SC Global Developments, now a developer well-known for its luxury offerings. The freehold development in prime District 10 is low-density, comprising just 55 units in a four-storey building. Architecture of the development is by award-winning SCDA Architects.
The unit at The Ladyhill earned the seller a 60% profit on Oct 8 (Photo: Samuel Isaac Chua/The Edge Singapore)
The condominium is located in a tranquil enclave along Ladyhill Road, right opposite Shangri-La Hotel Singapore. It is in proximity to the Orchard Road shopping belt, Tanglin Mall and Singapore Botanic Gardens.
The second top gain of the week was from the sale of a 1,668 sq ft, three-bedroom unit on the 10th floor at Watermark @ Robertson Quay. The unit changed hands for $2.8 million ($1,678 psf) on Oct 13, 11½ years after it was purchased for $1.65 million ($989 psf). The seller hence earned a 70% profit of $1.15 million, or an annualised 4.6% profit.
Watermark @ Robertson Quay, developed by Hong Leong Holdings, comprises 206 units in four 10-storey blocks. The units are above a row of conserved warehouses and overlook the Singapore River. Its location in District 9 is just a short walk away from the cafes and bars along Robertson Quay, and a few minutes’ drive from Great World City and Robertson Walk shopping malls.
The third most profitable deal is the resale of a unit at Holland Hill Park in District 10. The 1,539 sq ft, three-bedroom unit on the fourth floor was transacted at $2.28 million ($1,481 psf). It was previously purchased for $1.16 million ($754 psf) in February 2007. It netted the seller a 97% profit of $1.12 million, which translates to an annualised profit of 5.1% over nearly 14 years.
Holland Hill Park is a 40-unit condominium by Keppel Land. The freehold condominium, located along Holland Hill just off Queensway, was completed in 1992.
A 1,969 sq ft three-bedroom unit on the 27th floor of The Sail @ Marina Bay made the top loss of $2.31 million (Photo: Samuel Isaac Chua/The Edge Singapore)
On the other hand, a 1,970 sq ft, three-bedroom unit on the 27th floor of The Sail @ Marina Bay incurred the top loss of $2.31 million during the same week. It changed hands for $3.5 million ($1,777 psf) on Oct 12, after having been bought for $5.8 million ($2,950 psf) in October 2007. The 40% loss is annualised at 3.8% over 13 years.
The Sail @ Marina Bay is a luxury mixed apartment at Marina Boulevard in District 1. Units enjoy panoramic views of Marina Bay and the downtown area. It is within walking distance to the CBD, and several MRT stations such as Downtown MRT Station and Raffles Place MRT Interchange Station. The property is 99-year leasehold.
Top 15 gains and Top 15 losses - EDGEPROP SINGAPORE
For price trends, recent transactions, other project info, check out these projects' research page: The Ladyhill, Orchard Road, Tanglin Mall, Botanic Gardens, Watermark @ Robertson QuaY, Great World City, Robertson Walk, Holland Hill Park, The Sail @ Marina Bay

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