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12-05-23, 10:16
Three-bedder at Casabella sold for $1.69 mil gain
May 12, 2023
https://i.imgur.com/OnipSPT.jpg
The sale of a unit at Casabella, a freehold condo along Duchess Avenue, was the most profitable condo resale transaction recorded during the week of April 25 to May 2. The 1,292 sq ft, three-bedroom unit fetched $2.66 million ($2,059 psf) on April 27. It had been purchased for about $975,000 ($755 psf) in August 2005 from the developer. This means the seller made a gain of $1.69 million (173%) over a holding period of nearly 18 years.
This marks a new psf-price high for Casabella, beating the previous high of $2,036 psf recorded last December when a 1,292 sq ft unit was sold for $2.63 million. The transaction on April 27 also marks the third most profitable resale transaction at the development. The most profitable transaction, which netted the seller a $1.79 million gain, took place in July 2019 after the 3,079 sq ft unit was sold for $3.41 million ($1,108 psf). The second most profitable transaction, which occurred in April 2018, followed the sale of a 3,552 sq ft unit for $4 million ($1,126 psf). The seller made a gain of $1.72 million.
Casabella is an 82-unit residential development off Coronation Road in prime District 10. The freehold project was completed in 2005 by CapitaLand. Casabella comprises 60 apartments, 14 townhouses, and eight strata-titled, semi-detached units. The apartments at Casabella are in two 5-storey blocks and feature a mix of two- to four-bedroom units that range from 990 to 1,900 sq ft. The three-storey townhouses have a floor area of around 3,000 sq ft and the three-storey, semi-detached units have a floor area of around 3,500 sq ft.
The second most profitable condo resale transaction during the week in review was the sale of a three-bedroom unit at The Suites At Central, a condo along Devonshire Road in District 9. The 1,442 sq ft unit on the 28th floor was sold for $3.75 million ($2,600 psf) on April 26. It was acquired by the seller from the developer for $2.13 million ($1,474 psf) in July 2006. Hence, they made a profit of $1.62 million or 76% across a holding period of almost 17 years.
This is the first unit to change hands at The Suites At Central this year. The resale transaction also recorded the second-biggest gain made at the development. The most profitable transaction at The Suites At Central was the sale of a 1,572 sq ft unit on the 19th floor in August 2007. The unit fetched $3.81 million ($2,426 psf), netting the seller a profit of $1.65 million.
More at: https://www.edgeprop.sg/property-news/three-bedder-casabella-sold-169-mil-gain
May 12, 2023
https://i.imgur.com/OnipSPT.jpg
The sale of a unit at Casabella, a freehold condo along Duchess Avenue, was the most profitable condo resale transaction recorded during the week of April 25 to May 2. The 1,292 sq ft, three-bedroom unit fetched $2.66 million ($2,059 psf) on April 27. It had been purchased for about $975,000 ($755 psf) in August 2005 from the developer. This means the seller made a gain of $1.69 million (173%) over a holding period of nearly 18 years.
This marks a new psf-price high for Casabella, beating the previous high of $2,036 psf recorded last December when a 1,292 sq ft unit was sold for $2.63 million. The transaction on April 27 also marks the third most profitable resale transaction at the development. The most profitable transaction, which netted the seller a $1.79 million gain, took place in July 2019 after the 3,079 sq ft unit was sold for $3.41 million ($1,108 psf). The second most profitable transaction, which occurred in April 2018, followed the sale of a 3,552 sq ft unit for $4 million ($1,126 psf). The seller made a gain of $1.72 million.
Casabella is an 82-unit residential development off Coronation Road in prime District 10. The freehold project was completed in 2005 by CapitaLand. Casabella comprises 60 apartments, 14 townhouses, and eight strata-titled, semi-detached units. The apartments at Casabella are in two 5-storey blocks and feature a mix of two- to four-bedroom units that range from 990 to 1,900 sq ft. The three-storey townhouses have a floor area of around 3,000 sq ft and the three-storey, semi-detached units have a floor area of around 3,500 sq ft.
The second most profitable condo resale transaction during the week in review was the sale of a three-bedroom unit at The Suites At Central, a condo along Devonshire Road in District 9. The 1,442 sq ft unit on the 28th floor was sold for $3.75 million ($2,600 psf) on April 26. It was acquired by the seller from the developer for $2.13 million ($1,474 psf) in July 2006. Hence, they made a profit of $1.62 million or 76% across a holding period of almost 17 years.
This is the first unit to change hands at The Suites At Central this year. The resale transaction also recorded the second-biggest gain made at the development. The most profitable transaction at The Suites At Central was the sale of a 1,572 sq ft unit on the 19th floor in August 2007. The unit fetched $3.81 million ($2,426 psf), netting the seller a profit of $1.65 million.
More at: https://www.edgeprop.sg/property-news/three-bedder-casabella-sold-169-mil-gain