Unit at The Nassim reaps $2.6 mil profit

EdgeProp Singapore

November 10, 2021



SINGAPORE (EDGEPROP) - The seller of a unit at The Nassim, located on Nassim Hill, made the top gain of $2.6 million over the week of Oct 26 to Nov 2. The 3,122 sq ft unit on the third floor was bought for $10.4 million ($3,332 psf) in February 2018 and sold for $13 million ($4,165 psf) on Oct 26. The seller therefore made a 25% profit, or an annualised profit of 6% over almost four years.

Located in District 10, The Nassim was completed in 2015 and has 55 freehold units. It is an eight-minute drive to Orchard MRT Station on the North-South Line.


The 3,122 sq ft unit at The Nassim was sold for $13 million ($4,165 psf) on Oct 26 (Credit: The Edge Singapore)

The second most profitable resale during the week in review — a 47% profit of $2 million — was at The Esta, located on Amber Gardens in District 15. The 3,477 sq ft unit on the 21st floor was purchased for $4.25 million ($1,222 psf) in July 2012 and sold for $6.25 million ($1,798 psf) on Oct 29. This means that the seller made an annualised profit of 4% over more than nine years.

Read more at: https://www.edgeprop.sg/property-new...-26-mil-profit