reporter2
01-06-22, 11:06
Three-bedder at Helios Residences sold at $2.09 mil loss
May 27, 2022
https://i.imgur.com/1Ki9xqQ.jpg
SINGAPORE (EDGEPROP) - The most unprofitable resale transaction during the week of May 10 to 17 was that of a 1,701 sq ft, three-bedroom unit at Helios Residences. The 15th-floor unit changed hands for $3.95 million ($2,323 psf) on May 12. The property was purchased for $6.04 million ($3,550 psf) in February 2008. Thus, the seller suffered a $2.09 million (34.6%) loss, which translates to an annualised loss of 2.9% over a period of slightly more than 14 years.
Helios Residences is a 140-unit freehold development by Wing Tai Holdings that was completed in 2011. Located along Cairnhill Circle in prime District 9, it is close to the Orchard Road shopping belt and Newton area. The development comprises twoand three-bedroom units of 1,281 to 2,002 sq ft.
Based on caveats lodged, Helios Residences has seen three other transactions to date this year, all of which have been unprofitable. On March 18, a 1,668 sq ft unit on the 15th floor was sold at a $2.16 million loss; prior to that, a 1,281 sq ft unit on the 12th floor changed hands at a loss of $1.64 million on March 11. The first transaction of the year, on Jan 18, saw a 1,281 sq ft unit sold at a $2.06 million loss.
Read more at: https://www.edgeprop.sg/property-news/three-bedder-helios-residences-sold-209-mil-loss
May 27, 2022
https://i.imgur.com/1Ki9xqQ.jpg
SINGAPORE (EDGEPROP) - The most unprofitable resale transaction during the week of May 10 to 17 was that of a 1,701 sq ft, three-bedroom unit at Helios Residences. The 15th-floor unit changed hands for $3.95 million ($2,323 psf) on May 12. The property was purchased for $6.04 million ($3,550 psf) in February 2008. Thus, the seller suffered a $2.09 million (34.6%) loss, which translates to an annualised loss of 2.9% over a period of slightly more than 14 years.
Helios Residences is a 140-unit freehold development by Wing Tai Holdings that was completed in 2011. Located along Cairnhill Circle in prime District 9, it is close to the Orchard Road shopping belt and Newton area. The development comprises twoand three-bedroom units of 1,281 to 2,002 sq ft.
Based on caveats lodged, Helios Residences has seen three other transactions to date this year, all of which have been unprofitable. On March 18, a 1,668 sq ft unit on the 15th floor was sold at a $2.16 million loss; prior to that, a 1,281 sq ft unit on the 12th floor changed hands at a loss of $1.64 million on March 11. The first transaction of the year, on Jan 18, saw a 1,281 sq ft unit sold at a $2.06 million loss.
Read more at: https://www.edgeprop.sg/property-news/three-bedder-helios-residences-sold-209-mil-loss