Four-bedroom unit at Top Ten in Emerald Hill sold for $3.4 mil profit

The 215-unit, freehold condo, positioned on Shelford Road in prime District 11, was developed by CapitaLand and also finished in 2005. The job is prominent with family members with school-going kids, provided its proximity to schools such as Anglo-Chinese School (Junior), St Margaret’s Secondary School, Anglo-Chinese School (Primary) and also Raffles Girls’ Primary School.

Large four-bedroom apartment or condos and penthouses in the prime districts controlled the leaderboard in the most unlucrative and also successful deals over the two-week period from July 12 to 26. The transaction that marked the most significant rate gain was for the biggest system at Top Ten, an 11-unit, six-storey, freehold home block at Emerald Hill Road, constructed in 1978.

The Arcadia is a 10-storey condo task with simply 164 systems. Three-bedroom devices are sized from 3,466 to 3,735 sq ft, while four-bedroom units are sized from 3,714 to 4,672 sq ft. Meanwhile, penthouses are 7,503 sq ft, five-bedroom simplexes. The 99-year leasehold condominium has a lease from 1979, with the job completed in 1983.

One of the most recent purchase was for a 2,626 sq ft, four-bedroom unit on the 12th floor that was cost $4.95 million ($1,885 psf) on July 19. The device was last purchased for $6.83 million ($2,600 psf) at the height of the last residential property boom in 2007. For this reason, the vendor saw the cost for the unit marked down by $1.88 million.

At the same time, the 2nd most unlucrative deal took place at the 70-unit, freehold CityVista Residences. Found at Peck Hay Road, simply off Clemenceau Avenue in prime District 9, the 20-storey condo block was completed in 2010.

The Top Ten home block lies at 134 Emerald Hill Road, amidst the conservation shophouses on Emerald Hill Road, simply off Orchard Road on one side and also Cairnhill Road on an additional. The project lies within prime District 9.

At the same time, the most unprofitable purchase was for a 7,503 sq ft, five-bedroom penthouse at The Arcadia. The penthouse lately changed hands for $7.7 million ($1,026 psf), based on a caution lodged on July 14. The unit was purchased in August 2010 for $10 million ($1,333 psf), which equates to a $2.3 million loss over a 12-year holding period.

The most significant resources gain was seen when a four-bedroom home at Top Ten, an apartment or condo block at Emerald Hill Road altered hands for $5.2 million, at $3.43 million over the initial acquisition rate 23 years previously

Sant Ritz Distribution

A 7,503 sq ft, penthouse at The Arcadia came to be one of the most unprofitable deal for Jul 12-26, when it was cost $7.7 million, $2.3 million less than its $10 million purchase price 12 years ago

The second-most successful offer for July 12 to 26 lay at The Shelford. The purchase was for a 2,174 sq ft, four-bedroom penthouse on the top floor of one of the development’s five-storey blocks. The system was purchased 13 years ago for $1.93 million ($ 888 psf), and just recently altered hands for $4.15 million ($ 1,909 psf). For the seller, it translates to a gain of $2.22 million.

The system was previously bought for $1.75 million ($ 557 psf) in August 1999. The system was bought 13 years ago for $1.93 million ($ 888 psf), and also just recently altered hands for $4.15 million ($ 1,909 psf). The unit was purchased in August 2010 for $10 million ($1,333 psf), which equates to a $2.3 million loss over a 12-year holding duration.

The most recent deal was for a 2,626 sq feet, four-bedroom unit on the 12th flooring that was offered for $4.95 million ($1,885 psf) on July 19. The device was last purchased for $6.83 million ($2,600 psf) at the optimal of the last residential or commercial property boom in 2007.

The 3,143 sq ft, four-bedroom penthouse at Top Ten transformed hands for $5.19 million ($ 1,650 psf), according to a caveat on July 19. The device was previously acquired for $1.75 million ($ 557 psf) in August 1999. It translates to a funding gain of $3.44 million or 196% after a 23-year holding duration.

The task lies on Arcadia Road, off Adam Road in prime District 11.

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