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The seller of a unit in The Nexus created the best profit of $1.22 million on the week of July 16 to 23. The 1,485 sq ft unit on the next floor has been purchased for about $ 1.38 million ($926 psf) at February 2007, also marketed for near $2.60 million ($1,747 psf) on July 19. The vendor made an 89 percent gain, or an annualised gain of 5 percent over 121/2 decades.
The 2nd best advantage made within the week — a 43% gain of $1.18 million — was Casa Cairnhill, situated at Peck Hay Road in prime District 9. This usually means that the vendor made an annualised gain of 2% more than 23 decades.
Completed in 1991, the freehold Casa Cairnhill includes 72 units over 19 floors. It’s a five-minute drive in the Orchard Road shopping belt, and also a six-minute stroll from Newton Food Centre. Anglo-Chinese School (Main ) is a six-minute drive in the evolution, while Saint Margaret’s Primary School is a nine-minute push away.
In Bedok Court, the vendor of an eighth ground unit created the third most rewarding transaction of this week using a $1.11 million profit. The 2,411 sq feet, three-bedroom unit has been purchased for $940,000 ($390 psf) in November 1996, also sold for $2.05 million ($850 psf) on July 18. The vendor made a 118 percent gain, or an annualised gain of 3 percent over almost 23 decades.
Finished in 1985, it’s 62 years left on its lease.
On the flip side, the largest loss incurred within the week was in the resale of a 2,293 sq ft unit in Cairnhill Plaza, together Cairnhill Road in prime District 9. The seller sold the home for about $ 3.72 million ($1,623 psf) on July 18, also lasted a 6 percent reduction of $230,000. Within a holding period of nearly 12 decades, this translates into an annualised reduction of 1 percent.