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27-10-23, 19:06
Four-bedder at The Arcadia sold at $2.9 mil profit
October 26, 2023
https://i.imgur.com/EhpyLRt.jpg
The sale of a four-bedroom unit at The Arcadia was the most profitable condo resale transaction during the week of Oct 10 to 17, based on caveats lodged with URA. The 3,735 sq ft unit on the seventh floor changed hands for $4.28 million ($1,146 psf) on Oct 13. It had been purchased by the seller in October 2004 for $1.38 million ($369 psf), which means they raked in a profit of $2.9 million. This works out to a capital gain of 210% over a holding period of 19 years.
This is the most profitable resale transaction that has taken place at The Arcadia to date this year. It surpasses the previous gain of $700,000 netted by the seller of a 3,757 sq ft unit on the fifth floor that was sold for $4.3 million ($1,145 psf) in February. The seller had bought the unit in June 2018 for $3.6 million ($958 psf).
The most profitable resale transaction at The Arcadia was the sale of a 7,503 sq ft penthouse in August 2010 for $10 million ($1,333 psf). The seller, who purchased the penthouse in February 2007 for $5.5 million ($733 psf), reaped a profit of $4.5 million.
The Arcadia is a condo along Arcadia Road, off Adam Road in District 10, which was completed in 1983. The 99-year leasehold development has three 10-storey blocks housing 164 units. Residences comprise three-bedroom units of 3,466 to 3,735 sq ft, as well as four-bedroom units of 3,714 to 4,672 sq ft. There are also five-bedroom, simplex penthouses measuring 7,503 sq ft.
The second most profitable condo resale transaction during the week in review was the sale of a four-bedroom apartment at The Imperial. The 1,905 sq ft unit on the third floor was sold for $4.5 million ($2,362 psf) on Oct 11. The seller had bought the unit from the developer for about $1.7 million ($890 psf) in October 2003. Hence, they netted a gain of $2.8 million or 165% over a holding period of 20 years.
This is the third most profitable resale transaction recorded at The Imperial, based on caveats lodged. The most profitable transaction occurred in June 2007, when a 3,918 sq ft unit was sold for $7.64 million ($1,950 psf). The seller had purchased the unit in March 2006 for $4 million ($1,018 psf), which means they made a profit of $3.65 million.
Located on Jalan Rumbia, just a stone’s throw away from Fort Canning Park in District 9, The Imperial was completed by CapitaLand in 2006. It comprises 187 freehold units spread across five blocks. Units include two-, three- and four-bedders between 980 and 3,918 sq ft. It is within walking distance of Fort Canning MRT Station on the Circle Line as well as Dhoby Ghaut MRT Interchange, which serves the NorthSouth, North East and Circle Lines.
There have been four other resale transactions to date this year at The Imperial, all of which have been profitable. The units, measuring between 1,356 and 1,916 sq ft, were sold for prices ranging from $3.48 million to $4.65 million, or from $2,268 psf to $2,566 psf. The respective sellers netted gains between $700,200 and $1.49 million.
On the other hand, the most unprofitable resale transaction during the week in review was the sale of a three-bedder at Reflections at Keppel Bay. The 1,518 sq ft unit on the second floor changed hands for $2.65 million ($1,746 psf) on Oct 16. The seller, who bought the unit in May 2019 for $2.8 million ($1,845 psf), made a loss of $150,000 (5%) after owning the apartment for about 4½ years.
More at: https://www.edgeprop.sg/property-news/four-bedder-arcadia-sold-29-mil-profit
October 26, 2023
https://i.imgur.com/EhpyLRt.jpg
The sale of a four-bedroom unit at The Arcadia was the most profitable condo resale transaction during the week of Oct 10 to 17, based on caveats lodged with URA. The 3,735 sq ft unit on the seventh floor changed hands for $4.28 million ($1,146 psf) on Oct 13. It had been purchased by the seller in October 2004 for $1.38 million ($369 psf), which means they raked in a profit of $2.9 million. This works out to a capital gain of 210% over a holding period of 19 years.
This is the most profitable resale transaction that has taken place at The Arcadia to date this year. It surpasses the previous gain of $700,000 netted by the seller of a 3,757 sq ft unit on the fifth floor that was sold for $4.3 million ($1,145 psf) in February. The seller had bought the unit in June 2018 for $3.6 million ($958 psf).
The most profitable resale transaction at The Arcadia was the sale of a 7,503 sq ft penthouse in August 2010 for $10 million ($1,333 psf). The seller, who purchased the penthouse in February 2007 for $5.5 million ($733 psf), reaped a profit of $4.5 million.
The Arcadia is a condo along Arcadia Road, off Adam Road in District 10, which was completed in 1983. The 99-year leasehold development has three 10-storey blocks housing 164 units. Residences comprise three-bedroom units of 3,466 to 3,735 sq ft, as well as four-bedroom units of 3,714 to 4,672 sq ft. There are also five-bedroom, simplex penthouses measuring 7,503 sq ft.
The second most profitable condo resale transaction during the week in review was the sale of a four-bedroom apartment at The Imperial. The 1,905 sq ft unit on the third floor was sold for $4.5 million ($2,362 psf) on Oct 11. The seller had bought the unit from the developer for about $1.7 million ($890 psf) in October 2003. Hence, they netted a gain of $2.8 million or 165% over a holding period of 20 years.
This is the third most profitable resale transaction recorded at The Imperial, based on caveats lodged. The most profitable transaction occurred in June 2007, when a 3,918 sq ft unit was sold for $7.64 million ($1,950 psf). The seller had purchased the unit in March 2006 for $4 million ($1,018 psf), which means they made a profit of $3.65 million.
Located on Jalan Rumbia, just a stone’s throw away from Fort Canning Park in District 9, The Imperial was completed by CapitaLand in 2006. It comprises 187 freehold units spread across five blocks. Units include two-, three- and four-bedders between 980 and 3,918 sq ft. It is within walking distance of Fort Canning MRT Station on the Circle Line as well as Dhoby Ghaut MRT Interchange, which serves the NorthSouth, North East and Circle Lines.
There have been four other resale transactions to date this year at The Imperial, all of which have been profitable. The units, measuring between 1,356 and 1,916 sq ft, were sold for prices ranging from $3.48 million to $4.65 million, or from $2,268 psf to $2,566 psf. The respective sellers netted gains between $700,200 and $1.49 million.
On the other hand, the most unprofitable resale transaction during the week in review was the sale of a three-bedder at Reflections at Keppel Bay. The 1,518 sq ft unit on the second floor changed hands for $2.65 million ($1,746 psf) on Oct 16. The seller, who bought the unit in May 2019 for $2.8 million ($1,845 psf), made a loss of $150,000 (5%) after owning the apartment for about 4½ years.
More at: https://www.edgeprop.sg/property-news/four-bedder-arcadia-sold-29-mil-profit