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

Nassim 9, a boutique luxury project completed in 2002, has only eight units property in a four-storey building. It rises within walking range of Orchard Boulevard MRT Terminal (on the Thomson-East Coast Line), which is due to launch on Nov 13. The Botanic Gardens, Tanglin Shopping Center and also The Forum are also in just walking range.

The apartment was one of several resale units to be offered below their purchase costs in the last two years, according to information put together by the EdgeProp Research study resource. The most unlucrative sale at the property development occurred in July 2020, when a 3,854 sq ft unit was fetched $5.85 million ($1,518 psf), with the vendor incurring a loss of $4.8 million.

The unit sold off on Oct 27 clocked the highest possible price transacted at the development on both psf and even outright bases. Before this, the most latest transaction at Nassim 9 took place in April 2012 when a 3,143 sq ft unit was yielded $8.8 million ($2,800 psf), which additionally marked the recent psf- and absolute-price highs for the condominium.

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Reflections at Keppel Bay is a 1,129-unit beachfront luxury property by Keppel Land. The 99-year leasehold development, with 6 non commercial towers and also 11 villa residence blocks, was finished in 2011.

The Oceanfront @ Sentosa Cove is a 99-year leasehold, ultra-luxury condo in the Sentosa Cove enclave in District 4. Located on an island, the sea-facing condominium was established by a joint venture between City Developments and TID (an alliance between Hong Leong Holdings plus Mitsui Fudosan) and completed in 2010. The project includes 5 towers varying from 13 to 15 storeys tall, and also an overall of 264 units. Unit sizes start from 1,216 sq ft for a two-bedroom condo, increasing to 8,095 sq ft for the largest penthouse.

The sale of a 3,423 sq ft unit at Nassim 9, a real estate project on Nassim Street in top District 10, was the most successful 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 been bought by the owner for $6.8 million ($1,987 psf) in October 2009, converting to a gain of $4.4 million, or 64.7%, over the 13-year holding period.

One of the most unlucrative purchase reported for the week was the profit of a unit at Reflections at Keppel Bay, located along Keppel Bay View in District 4. On Oct 31, a unit estimating 2,379 sq ft on the 27th level obtained $4.3 million ($1,808 psf). The dealer had actually bought the unit for $5.4 million ($2,278 psf) in May 2007. Therefore, they accumulated a decline of 20.6% or $1.1 million over a 15 1/2-year holding period.

The second-most successful transaction for the week happened at The Oceanfront @ Sentosa Cove. A duplex penthouse gauging 5,985 sq ft on the 15th floor was sold for $14.3 million ($2,389 psf) on Oct 28. The vendor had actually bought the unit for $11.5 million ($1,922 psf) in June 2009, which means they brought in a $2.8 million (24.3%) revenue on the proceeding after holding the property for 13 1/2 years.

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