The vendor of a device at The Nassim, located on Nassim Hillside, made the leading gain of $2.6 million over the week of Oct 26 to Nov 2. The 3,122 sq ft device on the third flooring was purchased for $10.4 million ($3,332 psf) in February 2018 and cost $13 million ($4,165 psf) on Oct 26. The seller for that reason made a 25% earnings or an annualized profit of 6% over almost 4 years.
Situated in District 10 from where Avenue South is also located, The Nassim was completed in 2015 as well as has 55 estate units. It is an eight-minute drive to Orchard MRT Terminal on the North-South Line.
The second most rewarding resale during the week in testimonial– a 47% earnings of $2 million– was at The Esta, situated on Amber Gardens in Area 15. The 3,477 sq ft device on the 21st floor was purchased for $4.25 million ($1,222 psf) in July 2012 as well as cost $6.25 million ($1,798 psf) on Oct 29. This indicates that the seller made annualized earnings of 4% over greater than 9 years.
On the other hand, one of the most unprofitable bargains of the week was the resale of a 2,530 sq ft system at Orchard Sight on Oct 27. Having actually sold the building for $7.1 million ($2,807 psf), the vendor experienced an 18% loss of $1.59 million. The device was purchased in August 2010 for $8.69 million ($3,434 psf). Over a holding period of 11 years, this translates into an annualized loss of 2%.
Orchard View, located on Angullia Park in Area 9, makes up 30 estate devices and was completed in 2010. It is a three-minute walk to Orchard MRT Station on the NorthSouth Line.
