​​resale Four Bedder Nassim Lodge Makes Record 115 Mil Profit

The new Sembawang Road EC at Canberra MRT presents an exciting opportunity for contemporary living with its carefully crafted design and layout. In keeping with the latest trends in executive condominiums (ECs), the development will offer a diverse selection of unit types to cater to various needs. Ranging from cozy two-bedroom layouts to spacious five-bedroom configurations, the Sembawang EC is designed to appeal to both families and individuals. With a strong emphasis on space and functionality, the development features generously sized master bedrooms, well-designed open-concept kitchens, and inviting balconies with picturesque views. The needs of modern and active residents are also taken into account, evident from the impressive range of facilities within the EC. These may include a 50m lap pool, children’s play areas, BBQ pits, function rooms, a well-equipped gym, and possibly even tennis courts and co-working spaces, depending on the developer’s final plans. With such comprehensive amenities, residents can indulge in relaxation and socialization within the comfort of their own home. Make the Sembawang Road EC at Canberra MRT your ideal choice for a fulfilling and convenient living experience. Don’t miss out on this opportunity, visit Sembawang Road EC’s official website for more information.

Read our detailed condo reviews for popular projects in SingaporeLatest New Condo launchesDeveloper Price Trend in Singapore for selected condo projectsCompare New Condo sales transactions in SingaporeSimilar Condos available for Rent in SingaporeSquarefoot Research Singapore Home – PROPERTY NEWS Singapore is known to be a hot market for property investments, with buyers looking to profit from the rising prices and rental yields. In recent years, the trend has been towards buying condos for investment purposes. And the week of September 30 to October 7 saw some interesting resale transactions that yielded impressive gains for sellers. The sale of a four-bedroom unit at Nassim Lodge, a freehold condo located at 7 Nassim Road in prime District 10, was the most profitable resale transaction during this period. The seller of the 4,176 square foot unit took home a record profit of $11.5 million, marking a whopping percentage gain of 383% when it was sold on October 2 for $14.5 million, which translates to $3,472 per square foot. The unit was previously purchased for around $3 million in May 1998, at a rate of $799 per square foot. The seller made an annualized profit of 5.5% after holding onto the unit for over 27 years. Nassim Lodge, completed in 1984, is a boutique development comprising only eight units, including six apartments and two penthouses. It is situated along the prestigious Nassim Road just off Tanglin Road, where it is in the company of other luxury hotels such as St. Regis, Artyzen, and Conrad Singapore Orchard, and high-end shopping malls like Claymore Connect, Delfi Orchard, and Palais Renaissance. Nassim Lodge was formerly known as Seven Nassim, and it is in a highly coveted location, which explains why transactions are quite rare at this development. According to Jacqueline Wong, Executive Director and Founder of boutique real estate consultancy JQT Private, “It has just eight units — six apartments and two penthouses, coupled with its ‘creme de la creme’ location.” The second most lucrative resale transaction during the September 30 to October 7 period was the sale of a three-bedroom unit at Sixth Avenue Ville. The unit measures 1,550 square feet and is located on the first floor. It sold for $3.1 million on September 30, equivalent to $2,000 per square foot. The seller acquired the unit in December 2000 for about $1.27 million, which works out to $819 per square foot. The seller made a gain of around $1.83 million after owning the unit for nearly 25 years. This translates to a capital gain of 144.2% for the seller. The latest sale marks the most profitable resale transaction ever recorded at the development, surpassing the previous highest sale of $1.71 million set by a 1,572 square foot, three-bedroom unit that sold for around $3.25 million ($2,068 per square foot) in May 2023. The seller, who bought the unit in May 1999 for $1.54 million, made an annualized gain of 3.2% after holding the unit for close to 24 years. Completed in 1999, Sixth Avenue Ville is a freehold condo located along Sixth Avenue in prime District 10. It is made up of a single four-storey block, which houses 49 units. It offers a mix of one- to four-bedroom units, ranging from 710 square feet to 2,540 square feet. This year, there were two other resale transactions at Sixth Avenue Ville before September 30, with one resulting in a profit. A smaller 1,270 square foot, three-bedroom unit on the second floor sold for $2.88 million ($2,267 per square foot) on February 3, resulting in a profit of $1.63 million. On the other hand, the most unprofitable transaction during the week of September 30 to October 7 was the sale of a four-bedroom unit at Cliveden at Grange. The unit is located on the 17th floor and measures 2,842 square feet. It sold for $9 million on October 7, equivalent to $3,167 per square foot. The unit previously changed hands in July 2007 for $10.38 million. Thus, the seller incurred a loss of $1.38 million (13.3%) after owning it for slightly over 18 years. Three other units have been transacted at Cliveden at Grange this year, with two resulting in a loss. The seller of a similar 2,842 square foot unit on the fourth floor incurred a loss of $2.04 million when the unit was sold for $7.8 million ($2,745 per square foot) on March 21. Before that, a 2,153 square foot, three-bedroom unit was transacted for $4.8 million ($2,230 per square foot) on January 6, marking a loss of around $3.06 million. Cliveden at Grange was completed in 2011 and houses 110 residential units across four residential blocks. It offers a range of three- to five-bedroom units measuring 2,153 square feet to 6,028 square feet.