Emerald Hill sold for $3.4 mil profit for a 4-bedroom unit
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Penthouses and large four-bedroom apartments in prime areas led the way on the leaderboard of the most profitable as well as unprofitable transactions over the two weeks between July 12 and 26. The deal that brought the largest price gain was the largest unit in the Top Ten the eleven-unit, six-storey freehold apartment block on Emerald Hill Road, built in 1978.
The 3,143 square foot four-bedroom penthouse located at Top Ten changed hands for $5.19 million ($1,650 per square foot) in accordance with an agreement on 19 July. The property was bought at $1.75 million ($557 per sq ft) in the month of August 1999. This is an annual capital profit in the amount of $3.44 million or 193% following a 23-year ownership period.
Top Ten Apartment Block Top Ten apartments are located in The building is located at 134 Emerald Hill Road, amid the historic shophouses that are located along Emerald Hill Road, just from Orchard Road on one side and Cairnhill Road on the other. The development is situated within District 9’s prime area.
The second most profitable deal from July 12 to 26 , was situated in the Shelford. The purchase included a 2174 square 4 ft penthouse with four bedrooms situated on the top floor on one of the building’s five-storey blocks. The penthouse was purchased 13 years ago at $1.93 million ($888 per sq ft) It was recently transferred ownership to the value of $4.15 million ($1,909 per square foot). For the seller, this is a profit in the amount of $2.22 million.
The 215-unit freehold condominium, which is located at Shelford Road in prime District 11 It was designed by CapitaLand and was completed in 2005. It is a favorite among families with children who attend school due to its proximity to schools, including Anglo-Chinese Schools (Junior) as well as Saint Margaret’s Secondary School the Anglo Chinese School (Primary) as well as Raffles Girls’ Primary School.
However, the least profitable deal involved a $7503 square feet, five-bedroom penthouse in the Arcadia. The penthouse has recently sold to the value of $7.7 million ($1,026 per square foot) in accordance with an agreement signed on the 14th of July. The penthouse was bought on August 10, 2010 and cost $10 million ($1,333 per sq ft) that is an $2.3 million profit over the 12 year holding period.
The Arcadia is a condominium with a 10 storey project with only 164 units. Three-bedroom units range from 3,466 to 3,735 square feet, while four-bedroom units range between 3,714 and 4,672 sq feet. In contrast, penthouses have 7,503 sq ftand five-bedroom simplexes. The 99-year leasehold condominium has an agreement from 1979 which was then being completed in 1983.
The development is situated at Arcadia Road, off Adam Road in the District 11’s prime area.
In the meantime, the second-most unprofitable purchase was the freehold, 70-unit CityVista Residences. It is located in Peck Hay Road, just from Clemenceau Avenue in prime District 9. The 20-story condominium block was built in 2010.
The most recent sale included a 2 626 square feet, four-bedroom apartment on the 12th floor . The unit was auctioned off at $4.95 million ($1,885 per square foot) on the 19th of July. The unit was purchased at $6.83 million ($2,600 per square foot) at the height of the previous property growth in the year 2007. Thus, the seller noticed the value of the property decreased in the amount of $1.88 million.