Four-bedder at Trevose Park achieves record profit of $3.4 mil

The freehold condo was finished in 1991, with 150 units spread across 5 blocks. Positioned on Trevor Crescent in District 11, it is next to Raffles Town Club, Singapore Chinese Girls’ School and St Joseph’s Institution. Stevens MRT Terminal on the Thomson-East Coast and Downtown Lines is close, while facilities at Chancery Court and Coronation Shopping Plaza are in just a six-minute drive.

In the mean time, Reflections at Keppel Bay recorded the 2nd most unsuccessful condo unit resale transaction of the week. A 1,550 sq ft, three-bedroom unit on the 36th flooring altered hands for $2.9 million ($1,871 psf) on March 4, after being acquired for $3.58 million ($2,306 psf) in February 2011. Thus, the seller incurred a loss of greater than $674,000 (18.9%) and an annualised loss of 1.4% over 15 years.

Meanwhile, one of the most unprofitable deal at Reflections at Keppel Bay occurred when a 7,050 sq ft penthouse on the 40th level fetched $11 million ($1,560 psf) in September 2021, after its first purchase at $17.98 million ($2,550 psf) in May 2007. The deal worked out to a $6.98 million loss, or an annualised loss of 3.4% over 14 years.

Reflections at Keppel Bay is a freehold apartment completed in 2011. It has 1,129 units around 6 skyscraper towers and 11 low-rise suite blocks. Telok Blangah MRT Stop is a 10-minute walk away, with VivoCity and HarbourFront Facility one stop away using the MRT.

Robertson Opus Frasers Property and Sekisui House

The most worthless resell deal during the week in evaluation was the sale of a two-bedroom unit at Liberte. The 1,324 sq ft unit on the 12th ground was brought $2.1 million ($1,586 psf) on March 4, after previously being bought for $2.8 million ($2,117 psf) in March 2013. This marks a loss of concerning $703,000 (25.1%), or an annualised loss of 2.1% over 13 years for the seller.

The second-highest achievement in the course of the week in review originated from the sale of a four-bedroom unit at Riveredge. The 1,604 sq ft unit on the 10th floor fetched $3.22 million, or $2,008 psf, on March 9. The seller had purchased the unit for $1.15 million ($717 psf) in March 2009, therefore recording a profit of $2.07 million (180.1%) and an annualised gain of 6.3% over 17 years.

Positioning along Sampan Place in District 15, Riveredge is a 99-year leasehold apartment with 135 units in a solo 18-storey high rise. It provides a mix of 2- to four-bedroom residences and penthouses measuring 980 to 3,208 sq ft. Completed in 2008, the condominium fronts the Geylang River and is within walking range of Mountbatten MRT Terminal on the Circle Line and Katong Park MRT Station on the Thomson-East Coast Line.

Based upon cautions lodged, this deal is the record loss at the advancement. Prior to this, the most unlucrative transaction occurred when a 648 sq ft one-bedroom unit was sold for $1.25 million ($1,935 psf) in 2018, after being bought for $1.6 million ($2,475 psf) in January 2013. The vendor made a deficit of about $348,800, converting to an annualised loss of 4.6% in just over 5 years.

To date, this is one of the most rewarding resale purchase at Trevose Park, beating the previous document gain of $3.41 million, the minute a 2,788 sq ft four-bedder switched hands for $5.2 million ($1,865 psf) in March 2024. The same unit had been acquired for $1.79 million ($642 psf) in December 2001, translating to an annualised gain of 4.9% after 22 years.

A four-bedroom house at Trevose Park was one of the most rewarding apartment resale purchase throughout the week of March 3 to 10. The ground floor, 2,562 sq ft unit brought $5.25 million, or $2,049 psf, on March 3. In the past, the unit was bought for $1.82 million ($712 psf) in April 2001. This suggests the vendor reaped a document earnings of $3.43 million (187.8%), or an annualised gain of 4.3% over virtually 25 years.

This is the second most rewarding resale deal for Riveredge. The record currently comes from a 1,884 sq ft four-bedroom unit that sold for $3.9 million ($2,070 psf) in October 2023. The vendor, that purchased the unit for $1.82 million ($965 psf) in April 2008, profited a profit of $2.08 million, or an annualised gain of 5.1% accross 15 years.