reporter2
11-02-22, 10:51
Unit at Pebble Bay reaps $1.03 mil profit
EdgeProp Singapore
February 10, 2022
https://i.imgur.com/7MMVEVj.jpg
SINGAPORE (EDGEPROP) - The seller of a unit at Pebble Bay made the top gain of $1.03 million over the week of Jan 25 to Feb 1. The 1,378 sq ft unit on the second floor was bought for $1.03 million ($750 psf) in September 1995 and sold for $2.07 million ($1,499 psf) on Jan 27. The seller therefore made a 100% profit, or an annualised profit of 3% over nearly 26½ years.
https://i.imgur.com/GWrYwRs.jpg
Located in District 15 on Tanjong Rhu Road, Pebble Bay was completed in 1997 and comprises 510 units on a 99-year leasehold. It is a two-minute walk to the upcoming Tanjong Rhu MRT Station on the Thomson-East Coast Line.
The second top gain made over the week — a 155% profit of $960,000 — was at Intero, located on Leicester Road. The 1,012 sq ft unit on the 13th floor was purchased for $620,000 ($613 psf) in November 2006 and sold for $1.58 million ($1,562 psf) on Jan 27. This means that the seller made an annualised profit of 6% over 15 years.
Read more at: https://www.edgeprop.sg/property-news/unit-pebble-bay-reaps-103-mil-profit
EdgeProp Singapore
February 10, 2022
https://i.imgur.com/7MMVEVj.jpg
SINGAPORE (EDGEPROP) - The seller of a unit at Pebble Bay made the top gain of $1.03 million over the week of Jan 25 to Feb 1. The 1,378 sq ft unit on the second floor was bought for $1.03 million ($750 psf) in September 1995 and sold for $2.07 million ($1,499 psf) on Jan 27. The seller therefore made a 100% profit, or an annualised profit of 3% over nearly 26½ years.
https://i.imgur.com/GWrYwRs.jpg
Located in District 15 on Tanjong Rhu Road, Pebble Bay was completed in 1997 and comprises 510 units on a 99-year leasehold. It is a two-minute walk to the upcoming Tanjong Rhu MRT Station on the Thomson-East Coast Line.
The second top gain made over the week — a 155% profit of $960,000 — was at Intero, located on Leicester Road. The 1,012 sq ft unit on the 13th floor was purchased for $620,000 ($613 psf) in November 2006 and sold for $1.58 million ($1,562 psf) on Jan 27. This means that the seller made an annualised profit of 6% over 15 years.
Read more at: https://www.edgeprop.sg/property-news/unit-pebble-bay-reaps-103-mil-profit