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.
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.