Welcome To JadeScape, Your Humble Abode...
Slot Available for Appointment! Book Now!
The second-storey unit made the seller a 106% profit of $1.69 million, or a 2.8% annualised profit over 26 years

3 bedder at Sommerville Grandeur reaps $1.69 mil profit

SINGAPORE – The most rewarding offer throughout the week of Jan 5 to 12 was the sale of a 1,830 sq ft three-bedroom device at Sommerville Grandeur in District 10. Purchased for $1.59 million ($869 psf) in February 1995 and sold on Jan 8 for $3.28 million ($1,792 psf), the second-storey unit made the seller a 106% revenue of $1.69 million, or a 2.8% annualized profit over 26 years.

Sommerville Magnificence is a freehold condominium with 96 units spread throughout five floors. Found within a five-minute stroll from Farrer Roadway MRT Terminal, it was completed in 1996 by Sommerville Properties. It has centers such as a health club, sauna and also playground.

The sale is the 2nd most lucrative deal at Sommerville Magnificence up until now. One of the most rewarding transactions at the advancement was the sale of a fourth-floor, three-bedroom system. The seller earned a profit of $1.72 million after selling the device for $3.04 million ($1,660 psf) in October 2012, 13 1/2 years after it was purchased in February 1999 for $1.32 million ($721 psf).

The second most lucrative deal of the week was the sale of a 2,131 sq ft, the three-bedroom system at Dairy Farm Estate in Area 23. Originally acquired in April 1995 for $1.07 million ($500 psf), the third-floor system altered hands for $2.41 million ($1,131 psf) on Jan 12. The seller made a 126% profit of $1.35 million, which equates to an annualized earnings of 3.2% over nearly 26 years.

Dairy Farm Estate is a 477-unit condominium that was completed in 1989. Found near the junction of Dairy Farm Roadway and Upper Bukit Timah Road, it is a four-minute walk from Hillview MRT Terminal. There have been 2 cumulative sale efforts created the development, initially in 2007 and after that in 2018, fruitless.

The 3rd top gain of the week was attained by the seller of a four-bedroom system at Park Infinia at Wee Nam, a 486-unit property condo near Newton MRT Station. The 1,464 sq ft device on the sixth flooring was initially gotten in June 2009 for $1.83 million ($1,250 psf) and also was sold on Jan 5 for $2.95 million ($2,015 psf). The vendor as a result gained a 61% profit of $1.12 million, which is annualized at 4.2% over 11 1/2 years.

Park Infinia at Wee Nam gets on Lincoln Roadway in Area 11. Established by Keppel Land Realty, it was finished in 2008. The building is within 1km of top colleges such as St Joseph Establishment Junior, Anglo-Chinese School (Junior), as well as Anglo-Chinese College (Barker Road).

The sale is the most successful bargain at the growth because in 2015, which saw 6 successful deals varying from $190,000 to $933,248. The highest possible earnings recorded at Park Infinia at Wee Nam was from the sale of a 3,240 sq ft, a four-bedroom penthouse on the 29th flooring, which gained the vendor a profit of $2.71 million.

The device was acquired in August 2005 for $2.4 million ($741 psf) and sold in September 2017 for $5.1 million ($1,577 psf). The earnings are annualized at 6.4% over 12 years.

Don’t miss out to check out the hottest listing Sengkang grand residences, and Sengkang grand residences floor plan, along with the Sengkang grand residences price.

Due to the COVID 19, Jadescape Showflat is open for online bookings. You can now register online to receive direct developer discount offers and prices.

Jadescape Price list

ShowFlat Appointment Booking

× Whatsapp