Arcachon
15-05-20, 08:18
The owner of the penthouse that is on the market is a Singapore permanent resident. He purchased it for $9.76 million ($1,980 psf) in 2011, when the project was newly completed. It was his residence until 2017, when he relocated to Hawaii. The unit has been leased out for $15,000 a month since then.
The penthouse was first put up for sale in 2018 with a price tag of $9.5 million ($1,915 psf). However, it failed to find a buyer then.
The asking price has now been adjusted to $8.5 million, and the unit is marketed by SRI agents, associate division director Chriss Lee and senior associate sales director Darren Timothy Tan. The rental lease for the penthouse will expire at the end of the year. However, the rental agreement also comes with a break-lease clause and a three-month notice period to the tenant if the unit is successfully sold before the end of the lease period, according to the SRI agents.
https://www.edgeprop.sg/property-news/%E2%80%98fire-sales%E2%80%99-penthouses-prime-districts-%E2%80%93-what-you-can-get-under-88-mil?utm_source=Whatsapp&utm_medium=news
The penthouse was first put up for sale in 2018 with a price tag of $9.5 million ($1,915 psf). However, it failed to find a buyer then.
The asking price has now been adjusted to $8.5 million, and the unit is marketed by SRI agents, associate division director Chriss Lee and senior associate sales director Darren Timothy Tan. The rental lease for the penthouse will expire at the end of the year. However, the rental agreement also comes with a break-lease clause and a three-month notice period to the tenant if the unit is successfully sold before the end of the lease period, according to the SRI agents.
https://www.edgeprop.sg/property-news/%E2%80%98fire-sales%E2%80%99-penthouses-prime-districts-%E2%80%93-what-you-can-get-under-88-mil?utm_source=Whatsapp&utm_medium=news