The most profitable transaction of the week of July 1 to 8 was the sale of a four-bedroom unit at Grange Residences, which fetched $9.74 million on July 3. The 2,852 sq ft unit on the 13th floor was previously purchased for $3.94 million in October 2004. As a result, the seller made a profit of around $5.8 million or 147%, translating to an annualised gain of 4.5% over nearly 21 years. This marks the second most profitable resale transaction at the development, with the highest gain recorded from the sale of a similar unit on the fourth floor for $9.85 million on June 30. The seller had purchased the apartment for around $3.35 million in June 2004, realising a profit of $6.5 million or an annualised gain of 5.3% over more than 21 years. Grange Residences is a freehold development by Wharf Estates Singapore (formerly Wheelock Properties), comprising 164 units of four-bedroom units ranging from 2,486 sq ft to 2,852 sq ft. Completed in 2004, the development is located along Grange Road in prime District 10. It has seen one other resale transaction this year, which was also profitable. On Feb 26, another 2,852 sq ft unit transacted for $9.72 million, yielding the seller a $3.07 million profit after buying it in August 2009 for $6.65 million. Located along Orchard Boulevard, Boulevard 88 is a freehold development by Granmil Holdings. The 154-unit condo comprises a mix of two- to four-bedroom apartments ranging from 1,313 sq ft to 6,049 sq ft. (Photo: Samuel Isaac Chua/)The second most profitable condo resale of the week was the sale of a 2,777 sq ft four-bedroom unit at Boulevard 88. The apartment was sold for $13 million on July 4, making a profit of $3.08 million or 31%. Purchased in June 2019 for approximately $9.92 million, the seller raked in a gain of $3.08 million after six years of ownership. This marks the fourth most profitable transaction at Boulevard 88 to date. The most profitable transaction at the development came from the sale of a 2,799 sq ft, four-bedroom apartment that changed hands for around $14 million in April 2023. The seller had purchased the 18th floor unit for $10.13 million in March 2019, raking in a profit of $3.87 million after owning the unit for over four years. Located along Orchard Boulevard, Boulevard 88 is a freehold development in prime District 10. Completed in 2023, the 154-unit condo comprises a mix of two- to four-bedroom apartments spanning 1,313 sq ft to 6,049 sq ft. Nearby lifestyle hubs include Wheelock Place, Far East Shopping Centre, Ion Orchard and Shaw House. In contrast, the least profitable transaction of the period in review involved a three-bedroom unit at Reflections at Keppel Bay. Sold for $2.8 million on July 3, the 1,733 sq ft unit had been previously purchased for $4.18 million in August 2013. As a result, the seller incurred a loss of $1.38 million or 33%, translating to an annualised loss of 3.3% over nearly 12 years. Completed in 2011, Reflections at Keppel Bay is a 1,129-unit waterfront luxury development in prime District 9. The 99-year leasehold development comprises six residential towers housing between 24 and 41 storeys. The development also offers 11 low-rise villa apartment blocks. Units include one- to four-bedroom apartments spanning 732 sq ft to 2,874 sq ft, and penthouses of 3,488 sq ft to 12,900 sq ft. (Photo: Samuel Isaac Chua/)To date, the development has seen 40 resale transactions this year, 18 of which are unprofitable, including the July 3 transaction. The units, measuring between 1,055 sq ft and 3,283 sq ft, were sold at losses of between $13,600 and around $1.37 million. The record loss at the development came from the sale of a 7,050 sq ft duplex penthouse on the 40th floor, which was sold for around $11 million in September 2021. The unit had previously fetched $17.98 million in May 2007, resulting in a loss of $6.95 million or an annualised loss of 3.4% over more than 14 years. Completed in 2011, Reflections at Keppel Bay is a 1,129-unit waterfront luxury development in prime District 9. The 99-year leasehold development comprises six residential towers housing between 24 and 41 storeys. The development also offers 11 low-rise villa apartment blocks. Units include one- to four-bedroom apartments spanning 732 sq ft to 2,874 sq ft, and penthouses of 3,488 sq ft to 12,900 sq ft. (Photo: Samuel Isaac Chua/) Download a free report on Grange Residences, Boulevard 88 properties hereDownload a free report on Reflections of Keppel Bay properties hereCheck out all the latest listings for Reflections at Keppel Bay, Grange Residences, Boulevard 88 propertiesFollow us on Social MediaFollow us on InstagramFollow us on FacebookFollow us on TwitterFollow us on LinkedIn
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The most profitable transaction during the week of July 1 to 8 was the sale of a four-bedroom unit at Grange Residences for $9.74 million on July 3. The 2,852 sq ft unit on the 13th floor was purchased for $3.94 million in October 2004, resulting in a profit of around $5.8 million (147%). This marks the second most profitable resale transaction at the development. The highest gain was recorded from the sale of a similar unit on the fourth floor for $9.85 million on June 30. The condo has seen one other resale transaction this year, which was also profitable. On Feb 26, another 2,852 sq ft unit transacted for $9.72 million, yielding the seller a $3.07 million profit after buying it in August 2009 for $6.65 million.Located along Grange Road in prime District 10, Grange Residences is a 164-unit development comprising three residential blocks that span 18 storeys. Completed in 2004, the development by Wharf Estates Singapore (formerly Wheelock Properties) offers only four-bedroom units of between 2,486 sq ft and 2,852 sq ft. The 2,777 sq ft four-bedroom unit at Boulevard 88 sold for $13 million on July 4, making a profit of $3.08 million. (Photo: Urban Redevelopment Authority/)The second most profitable condo resale of the week was the sale of a 2,777 sq ft four-bedroom unit at Boulevard 88 for $13 million on July 4. The unit was purchased for approximately $9.92 million in June 2019, raking in a profit of $3.08 million or 31% after six years of ownership. This marks the fourth most profitable transaction at Boulevard 88 to date. The most profitable transaction at the development came from the sale of a 2,799 sq ft, four-bedroom unit on April 23 for around $14 million. The seller had purchased the 18th floor unit in March 2019 for $10.13 million, resulting in a profit of $3.87 million after owning the unit for over four years. Located along Orchard Boulevard, Boulevard 88 is a freehold development by Granmil Holdings. Completed in 2023, the 154-unit condo comprises a mix of two- to four-bedroom apartments spanning 1,313 sq ft to 6,049 sq ft. Nearby lifestyle hubs include Wheelock Place, Far East Shopping Centre, Ion Orchard and Shaw House. The 1,733 sq ft three-bedroom unit at Reflections at Keppel Bay was sold for $2.8 million on July 3. (Photo: Urban Redevelopment Authority/)In contrast, the least profitable transaction of the week involved a 1,733 sq ft three-bedroom unit at Reflections at Keppel Bay. The unit was sold for $2.8 million on July 3 and had been previously purchased for $4.18 million in August 2013, resulting in a loss of $1.38 million (33%), or an annualised loss of 3.3% over nearly 12 years. Completed in 2011, Reflections at Keppel Bay is a 1,129-unit luxury waterfront development in prime District 9. The 99-year leasehold development comprises six residential towers housing between 24 and 41 storeys, along with 11 low-rise villa apartment blocks. Units include one- to four-bedroom apartments of 732 sq ft to 2,874 sq ft and penthouses of 3,488 sq ft to 12,900 sq ft. To date, the development has seen 40 resale transactions this year, 18 of which were unprofitable, including the July 3 transaction. The units, ranging between 1,055 sq ft and 3,283 sq ft, were sold at losses of between $13,600 and around $1