Four-bedder at Nassim 9 sold for $4.4 mil profit

The unit retailed on Oct 27 clocked the greatest cost negotiated at the property on both psf and absolute bases. Prior to this, one of the most latest transaction at Nassim 9 happened in April 2012 when a 3,143 sq ft unit was yielded $8.8 million ($2,800 psf), which at the same time registered the last psf- and absolute-price highs for the condo.

Nassim 9, a store luxury property development finalized in 2002, has only eight units property in a four-storey building. It lies within strolling distance of Orchard Boulevard MRT Terminal (on the Thomson-East Coast Line), that is due to open on Nov 13. The Botanic Gardens, Tanglin Mall and also The Forum are also within strolling proximity.

The Oceanfront @ Sentosa Cove is a 99-year leasehold, ultra-luxury apartment in the Sentosa Cove enclave in District 4. Located on an islet, the sea-facing condominium was established by a joint venture between City Developments as well as TID (an alliance between Hong Leong Holdings and Mitsui Fudosan) and even finished in 2010. The development consists of 5 towers ranging from 13 to 15 storeys tall, and also a total amount of 264 units. Unit measurements start from 1,216 sq ft for a two-bedroom flat, rising to 8,095 sq ft for the best penthouse.

The second-most rewarding deal for the week happened at The Oceanfront @ Sentosa Cove. A duplex penthouse measuring 5,985 sq ft on the 15th floor was cost $14.3 million ($2,389 psf) on Oct 28. The seller had purchased the unit for $11.5 million ($1,922 psf) in June 2009, which suggests they raked in a $2.8 million (24.3%) revenue on the proceeding after holding the building for 13 1/2 years.

The most unlucrative transaction reported for the week was the revenue of a unit at Reflections at Keppel Bay, situated along Keppel Bay View in District 4. On Oct 31, a unit estimating 2,379 sq ft on the 27th level fetched $4.3 million ($1,808 psf). The dealer had actually acquired the unit for $5.4 million ($2,278 psf) in May 2007. Thus, they accumulated a loss of 20.6% or $1.1 million over a 15 1/2-year keeping duration.

The residence was just one of numerous resell units to be sold underneath their purchase costs in the last two years, according to data collected by the EdgeProp Research resource. The most unlucrative transaction at the property development happened in July 2020, when a 3,854 sq ft unit was realized $5.85 million ($1,518 psf), with the seller accumulating a loss of $4.8 million.

Reflections at Keppel Bay is a 1,129-unit beachfront luxury property by Keppel Land. The 99-year leasehold development, with six residential towers and 11 accommodation apartment blocks, was done in 2011.

Cape Royale Cove Way, Sentosa Cove

The sale of a 3,423 sq ft unit at Nassim 9, a real estate property development on Nassim Street in prime Area 10, was the most highly profitable transaction reported during the week of Oct 25 to Nov 1. The four-bedroom unit, that transformed hands for $11.2 million ($3,272 psf) on Oct 27, had recently been purchased by the vendor for $6.8 million ($1,987 psf) in October 2009, converting to an acquire of $4.4 million, or 64.7%, over the 13-year holding duration.


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