The resale market started the year with lucrative transactions at The Jade, a 99-year leasehold advancement on Bukit Batok Central Link, and Hillview Green, a 999-year growth off Upper Bukit Timah.
The most lucrative trade throughout the week of Dec 31 to Jan 7 has been that the purchase of a 1,335 sq feet, three-bedroom unit in The Jade. This usually means the seller got a $712,880 (110%) gain, or an annualized gain of 5% over 14 decades.
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This trade is also the very rewarding one in the condominium within the previous 3 decades, which listed 18 resale trades throughout this interval. Each one the resale arrangements were rewarding, with gains ranging from $20,000 to $712,880.
The Jade includes 280 units of two to four bedrooms crossing 1,012 sq feet to 2,433 sq ft. It was created by Sim Lian Group and finished in 2004. It’s located beside West Mall shopping center and Bukit Batok MRT Station on the North-South Line.
The 2nd most rewarding deal throughout the week in review happened at Hillview Green on Hume Avenue. A 1,281 sq feet, three-bedroom unit brought $1.35 million ($1,054 psf) as it had been marketed on Jan 7. This usually means the seller got a $655,000 (94%) profit on the purchase, or an annualised gain of 3% over near 21 decades.
Hillview Green is a 400-unit condominium developed by City Developments and finished in 1998. It includes a mix of 2 – to four-bedroom units of 958 sq feet to 1,722 sq ft. The development is situated in the desirable District 21 neighbourhood off Upper Bukit Timah, also is near Hillview MRT Station around the Downtown Line.
The most lucrative resale trade listed at Hillview Green was that the sale of a 1,593 sq feet, three-bedroom unit that earned the seller a $1.03 million (160%) gain when sold in August 2018. It was subsequently sold for $643,000 (404 psf) at October 2006, and a third period for $1.67 million ($1,048 psf) at August 2018.
Additionally in District 21, the most unprofitable trade throughout the week was that the purchase of a 947 sq feet, two-bedroom unit in Suites in Bukit Timah. The device was purchased for $1.17 million ($1,235 psf) at December 2011, also changed hands at $998,000 ($1,054 psf) on Jan 2. This usually means the owner produced a $172,000 (15%) reduction on the purchase, or an annualised reduction of 2% more than eight decades.
Suites in Bukit Timah is a freehold boutique growth on Jalan Jurong Kechil, also is significantly less than 200m from Beauty World MRT Station on the Downtown Line. The 74-unit development has been finished in 2014 and contains one- and – two-bedroom units of 344 sq feet to 1,066 sq ft.
There were 10 resale arrangements at Suites in Bukit Timah, also dependent on the fitting of URA caveats, nine are unprofitable with reductions ranging from $5,000 to $192,000. The unprofitable deal listed for the condominium was that the selling of a 1,066 sq ft unit at December 2017. It had been bought for $1.23 million ($1,154 psf) at November 2012, also marketed for $1.04 million ($974 psf) at December 2017. This usually means the seller created a $192,000 (15%) reduction, or an annualised reduction of 3% more than five decades.