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View Full Version : JUST SOLD: Three-bedder at The Marbella sold for $1.4 mil profit



Kevin Tan
15-09-15, 17:07
http://www.theedgeproperty.com.sg/content/just-sold-three-bedder-marbella-sold-14-mil-profit

JUST SOLD: Three-bedder at The Marbella sold for $1.4 mil profit

Tan Chee Yuen / URA, The Edge Property | September 15, 2015 4:00 PM MYT


A 1,475 sq ft unit at The Marbella condominium was sold in August 2015 for a profit of $1.4 million, according to URA caveat data. This translates into a gain of 138% or annualised return of 7.9%. The seller had purchased the property back in March 2004 for $1.0 million ($702 psf) and resold it for $2.5 million ($1,667 psf) this year.

The Marbella is a freehold condominium along Mt Sinai Rise, developed by OUB Centre Limited (OUBC), an associate company of Overseas Union Enterprise (OUE) and completed in 2005. It has two tower blocks with a total of 239 dwellings ranging from approximately 1,076 sq ft to 4,295 sq ft.

handsometeck
18-09-15, 16:31
why they sold at 1.4m profit while st regis sold for record lost? haiz..

what the rationale behind?

http://www.straitstimes.com/business/st-regis-penthouse-bought-for-28m-in-2007-sold-at-record-158m-loss

Arcachon
18-09-15, 17:09
https://scontent-cdg2-1.xx.fbcdn.net/hphotos-xat1/t31.0-8/11221688_10205972446163171_8090482964632176700_o.jpg

http://dkc9trqgco1sw.cloudfront.net/s3fs-public/pullout/The%20Week%20of%20September%2021,%202015.pdf

Kevin Tan
25-09-15, 15:20
why they sold at 1.4m profit while st regis sold for record lost? haiz..

what the rationale behind?

http://www.straitstimes.com/business/st-regis-penthouse-bought-for-28m-in-2007-sold-at-record-158m-loss

Could be due to location, buyer interest, seller motivation to sell etc
impossible to say why just based on transaction without more info