reporter2
25-03-22, 11:42
Unit at Belle Vue Residences sold at $2.7 mil loss
EdgeProp Singapore
March 24, 2022
https://i.imgur.com/rVDLpGd.jpg
SINGAPORE (EDGEPROP) - The sale of a unit at Belle Vue Residences in District 9 was the most unprofitable transaction over the week of March 8 to 15. The seller incurred a loss of $2.7 million after a 3,552 sq ft unit on the fifth floor changed hands for $4.7 million ($1,324 psf) on March 9.
The unit was purchased in September 2012 for $7.4 million ($2,083 psf). As a result, the seller suffered a 36% loss over a holding period of 9½ years, or an annualised loss of 5%.
Belle Vue Residences is a low-rise, freehold condominium on Oxley Walk that comprises nine 5-storey blocks with 176 units and 36 private lifts. It was developed by Wing Tai Holdings and completed in 2010.
Read more at: https://www.edgeprop.sg/property-news/unit-belle-vue-residences-sold-27-mil-loss
EdgeProp Singapore
March 24, 2022
https://i.imgur.com/rVDLpGd.jpg
SINGAPORE (EDGEPROP) - The sale of a unit at Belle Vue Residences in District 9 was the most unprofitable transaction over the week of March 8 to 15. The seller incurred a loss of $2.7 million after a 3,552 sq ft unit on the fifth floor changed hands for $4.7 million ($1,324 psf) on March 9.
The unit was purchased in September 2012 for $7.4 million ($2,083 psf). As a result, the seller suffered a 36% loss over a holding period of 9½ years, or an annualised loss of 5%.
Belle Vue Residences is a low-rise, freehold condominium on Oxley Walk that comprises nine 5-storey blocks with 176 units and 36 private lifts. It was developed by Wing Tai Holdings and completed in 2010.
Read more at: https://www.edgeprop.sg/property-news/unit-belle-vue-residences-sold-27-mil-loss