Four-bedroom unit at The Marq on Paterson Hill makes $1.7 mil loss

EdgeProp Singapore

October 21, 2021



SINGAPORE (EDGEPROP) - The highest loss in the week of Oct 5 to 12 was from the sale of a 3,057 sq ft unit at The Marq on Paterson Hill. The four-bedroom unit was purchased for $13.95 million ($4,564 psf) in July 2007 and sold for $12.25 million ($4,007 psf) on Oct 7. The seller therefore made a loss of $1.7 million (12%), which translates to an annualised loss of 0.8% over nearly 14½ years.

This latest resale is the fifth transaction at the development so far this year. Based on URA caveats, there have been four unprofitable resale deals there this year, with losses ranging from $1.5 million to $4.5 million.

On Aug 31, a 6,308 sq ft, five-bedroom unit was sold for $25.5 million ($4,043 psf). It was purchased for $30.37 million ($4,814 psf) in December 2007. The loss amounted to $4.8 million or 16%, which translated to an annualised loss of 1.2% over the past 13 years.

Read more at: https://www.edgeprop.sg/property-new...es-17-mil-loss