Seller at The Tresor scores record $2.2 mil profit
The 2nd most rewarding condominium resale deal of the week was the sale of a 1,625 sq ft unit at Thomson 800. The two-bedroom unit was sold for $3.2 million ($1,969 psf) on Feb 2. The vendor, that bought the unit in December 1998 for about $1.07 million ($657 psf), realised an increase of $2.13 million (199.7%) after possessing the unit for somewhat over 27 years.
The Tresor is a 999-year leasehold condominium found on Duchess Roadway in prime District 10. The 62-unit property development was finalized in 2007 and makes up a mix of 2-, 3- and four-bedders varying from 990 to 2,896 sq ft. The apartment lies within just strolling range of Tan Kah Kee MRT Terminal on the Downtown Line, along with a number of services, consisting of Coronation Shopping Plaza and Serene Centre.
Marina Bay Suites makes up a single 66-storey household tower, supplying a blend of 3- and four-bedroom units gauging in between 1,572 and 2,691 sq ft. There are additionally 3 penthouses, consisting of a four-bedder of 4,715 sq ft and 2 five-bedders of 5,662 and 8,181 sq ft.
Based upon lodged warnings, the growth observed 14 resale arrangements in 2025, 11 of which were profitless. The units, that covered from 1,572 sq ft to 2,067 sq ft, sustained declines varying from $220,000 to $2.06 million.
Finished in 1999, Thomson 800 is a freehold flat near Thomson Roadway in top District 11. The development makes up 3 20-storey towers that house 390 units, consisting of three-bedders extending 1,281 to 1,808 sq ft. There are additionally four-bedroom simplex and duplex penthouses of 3,757 to 5,823 sq ft.
The Tresor climbed the lineup of successful condominium resale deals throughout the week of Jan 27 to Feb 3. The sale of a 2,551 sq ft, four-bedroom unit at the property development documented the best growth for the week when it switched controls for $5.98 million ($2,344 psf) on Feb 2. The vendor had actually purchased it for $3.75 million ($1,470 psf) in December 2017. For this reason, the vendor generated a revenue of $2.23 million (59.5%), representing an annualised increase of 5.9% over somewhat greater than 8 years.
The most up to date arrangement notes the very first purchase at The Tresor this year and one of the most successful bargain at the property development to day. It overtakes the past document increase of $1.93 million, that comes from a 2,185 sq ft, four-bedroom apartment. The unit, that was offered by the property developer for $2.27 million ($1,040) in October 2006, consequently shifted hands for $4.2 million ($1,922 psf) in March 2020. Because of this, the vendor gained an annualised revenue of 4.7% over greater than 13 years.
On the other hand, the minimum beneficial deal in the course of the duration in testimonial entailed a 1,593 sq ft, three-bedroom unit at Marina Bay Suites. Cost $2.9 million ($1,820 psf) on Jan 30, the 15th-floor unit was initially purchased for $3.27 million ($2,051 psf) in December 2009. This indicates the vendor got a loss of approximately $368,000 (11.3%), or an annualised deficit of 0.7% more than a holding time frame of merely over 16 years.
Finished in 2013, Marina Bay Suites is a 99-year leasehold apartment situated on Central Blvd in Area 1’s Marina Bay location. It belongs to the broader Marina Bay Financial Centre (MBFC) mixed-use growth, and is among 2 apartments in MBFC– the various other being the 428-unit Marina Bay Residences.
To date, the largest acquire captured for a unit at Thomson 800 was for the sale of a 3,832 sq ft, three-bedroom unit for $5.38 million ($1,404 psf) in April in 2015. The unit had actually been acquired for $3 million ($783 psf) in June 2007. This calculates to a record gain of $2.38 million, or an annualised gain of 3.3% over nearly 18 years, for the dealer.
