Four-bedder at Nassim 9 sold for $4.4 mil profit

The unit sold on Oct 27 clocked the highest price negotiated at the property development on both psf together with absolute bases. Before this, the most current deal at Nassim 9 took place in April 2012 when a 3,143 sq ft unit was sold for $8.8 million ($2,800 psf), which additionally marked the last psf- and absolute-price highs for the apartment.

One of the most unprofitable deal reported for the week was the revenue of a unit at Reflections at Keppel Bay, located along Keppel Bay View in District 4. On Oct 31, a unit measuring 2,379 sq ft on the 27th floor obtained $4.3 million ($1,808 psf). The seller had bought the unit for $5.4 million ($2,278 psf) in May 2007. For this reason, they incurred a loss of 20.6% or $1.1 million over a 15 1/2-year keeping period.

The condominium was among several resale units to be sold underneath their purchase prices in the last 2 years, according to data compiled by the EdgeProp Investigation tool. The most unprofitable transactions at the property development happened in July 2020, when a 3,854 sq ft unit was realized $5.85 million ($1,518 psf), with the seller accumulating a loss of $4.8 million.

The sale of a 3,423 sq ft unit at Nassim 9, an estate development on Nassim Road in top District 10, was one of the most successful agreement recorded throughout the week of Oct 25 to Nov 1. The four-bedroom unit, which altered hands for $11.2 million ($3,272 psf) on Oct 27, had recently been bought by the vendor for $6.8 million ($1,987 psf) in October 2009, translating to an achieve of $4.4 million, or 64.7%, throughout the 13-year retaining duration.

The Arden condominium

Reflections at Keppel Bay is a 1,129-unit beachfront luxury property by Keppel Land. The 99-year leasehold development, with six residential towers and 11 accommodation residence blocks, was done in 2011.

The Oceanfront @ Sentosa Cove is a 99-year leasehold, ultra-luxury apartment in the Sentosa Cove enclave in District 4. Found on an islet, the sea-facing residence was built by a joint venture between City Developments and TID (an alliance between Hong Leong Holdings together with Mitsui Fudosan) and even finished in 2010. The development contains 5 towers ranging from 13 to 15 storeys tall, and also a total amount of 264 units. Unit dimensions start from 1,216 sq ft for a two-bedroom apartment, going up to 8,095 sq ft for the best penthouse.

Nassim 9, a boutique luxury development finished in 2002, has just eight units property in a four-storey structure. It rises within walking range of Orchard Boulevard MRT Terminal (on the Thomson-East Coast Line), which is coming to open on Nov 13. The Botanic Gardens, Tanglin Mall and also The Forum are likewise within walking range.

The second-most lucrative transaction for the week happened at The Oceanfront @ Sentosa Cove. A double penthouse gauging 5,985 sq ft on the 15th floor was cost $14.3 million ($2,389 psf) on Oct 28. The vendor had acquired the unit for $11.5 million ($1,922 psf) in June 2009, which means they raked in a $2.8 million (24.3%) earnings on the proceeding after holding the building for 13 1/2 years.

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