1. toapayohlady
  2. Sherlock Holmes
  3. Anything Under the Sun
  4. Friday, 24 May 2019
  5.  Subscribe via email
A unit sold on May 2 at Watermark Robertson Quay, on Rodyk Street in prime District 9, made the top gain of $1.69 million in the week of April 30 to May 7, according to caveats. The 1,884 sq ft, four-bedroom unit on the third floor was purchased for $1.51 million ($803 psf) in October 2005, and sold for $3.2 million ($1,699 psf). The seller reaped a 112% profit, or an annualised profit of 6% over 13.5 years.

This sale saw the all-time highest resale profit at Watermark Robertson Quay, and is also the fifth of six resale transactions there this year. The second-highest gain at the development was made by the seller of a 2,056 sq ft, three-bedroom penthouse unit. The 10th-floor unit was bought for $1.468 million ($714 psf) in May 2005 and sold for $3.1 million ($1,508 psf) in December 2012, netting the seller a 111% profit of $1.632 million over 7.6 years.

https://www.edgeprop.sg/property-news/top-gainer-makes-record-169-mil-profit-watermark-robertson-quay


EdgeProp.gif

Click here to sign up
Attachments (1)
Comment
There are no comments made yet.


There are no replies made for this post yet.
However, you are not allowed to reply to this post.
 
     
 

Latest Spot Rate

 
15 June 2019
Markets are bracing for updates on tactical trade war positioning and central bank rate decisions.  The dollar’s recent rally stemmed on better than expected economic data that could convince Fed officials that the economy is healthy enough and might...
15 June 2019
Even with President Donald Trump and the markets calling for lower interest rates, the Fed is not likely to make a move when it meets next week, though it is expected to smooth the way for a rate cut later in the summer.The timing of a Fed rate cut, ...
15 June 2019
Manufacturing output grows 0.2% in May, but is running 0.6%below the first quarterPMI survey data hint at broad malaise in the factory sector,adding to concerns that output will fall again in the three monthsto JuneOfficial data on manufacturing outp...
15 June 2019
Official data show industrial production dropping 0.5% in Aprilwith manufacturing output down 0.8%Volatility in the official data makes signal-reading hard, butPMI provides additional cause for concern with downturn extendinginto MayIndustrial produc...
15 June 2019
Manufacturing output grows 0.2% in May, but is running 0.6%below the first quarterPMI survey data hint at broad malaise in the factory sector,adding to concerns that output will fall again in the three monthsto JuneOfficial data on manufacturing outp...
How It Works | About | Contact | Privacy Policy | Forex Marketing
© 2009 - 2019 Forex Forum. All Rights Reserved. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.