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39 article found.

  • Feily Sofian
    The Edge Property
    Jan 21, 2017
    News
    One of the first few resale transactions in 2017 resulted in a hefty loss for the seller. On Jan 3, a high-floor unit at St Regis Residences Singapore was sold at a loss of $2.3 million. The seller bought the unit in a sub-sale transaction...
  • Feily Sofian
    The Edge Property
    Jan 14, 2017
    News
    As the world celebrated the year-end festive season, a three-bedroom unit at Seascape in Sentosa Cove changed hands at a loss of $1.47 million on Dec 27. It joined the recent spate of unprofitable transactions on the paradise island....
  • ardmore park
    Lin Zhiqin
    The Edge Property
    Jan 07, 2017
    In Depth
    As the proportion of unprofitable property transactions surged from 9% (508 out of 5,433 matched transactions) in 2015 to 17% (1,002 out of 5,924 matched transactions) in 2016, the losses incurred by sellers climbed 62% from $161 million...
  • Lin Zhiqin
    The Edge Property
    Dec 16, 2016
    News
    On Dec 2, a 2,885 sq ft unit at Ardmore Park was sold at a $3.18 million profit. It was bought at $2,219 psf in August 2006 and sold at $3,321 psf, resulting in a 50% profit, or a 4% annual gain over a 10-year holding period. The unit has...
  • serangoon garden estate
    Lin Zhiqin
    The Edge Property
    Dec 10, 2016
    News
    On Nov 25, a 999-leasehold terraced house on Huddington Avenue in Serangoon Garden Estate was flipped for a $1.78 million profit. The seller had bought the 2,982 sq ft property at $873 psf on land in April 2015 and sold it at $1,470...
  • orchard scotts
    Lin Zhiqin
    The Edge Property
    Dec 03, 2016
    In Depth
    On Nov 15, $1.8 million  went down the drain for  the Indonesian seller of a 1,647 sq ft condominium at  Orchard Scotts. He sold the  unit at $1,427 psf to a Singaporean  buyer after purchasing it at $2,540...
  • Feily Sofian
    The Edge Property
    Nov 25, 2016
    News
    Properties sold near the bottom of the market are not necessarily a value buy. A 969 sq ft apartment at Icon, a residential project located a short walk from the Tanjong Pagar MRT station, was recently sold at a loss of $111,000. The...
  • Esther Hoon
    The Edge Property
    Nov 18, 2016
    In Depth
    Two homes in the Serangoon area fetched the highest profits in the non-landed housing segment in the week of Nov 1 to 8. At Kensington Park Condominium, a 310-unit project off Serangoon North Avenue 1, a seller gained $1.2 million from the...
  • Esther Hoon
    The Edge Property
    Nov 11, 2016
    In Depth
    Two condo units in prime District 10 were offloaded at losses of more than a million dollars each in the week of Oct 25 to Nov 1. The bigger loss of $1.8 million came from a 3,671 sq ft penthouse at Orange Grove Residences off Stevens Road...
  • Esther Hoon
    The Edge Property
    Nov 04, 2016
    In Depth
    In 2015, the first resale transaction at Cliveden at Grange registered a loss. Last month, another seller at the 110-unit freehold condo in district 10 suffered the same plight. The seller, who had held his unit for nine years, incurred a...
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