Four Bedder Glentrees Sold 246 Mil Profit

Pech Garden condo unit sells for $3.5 mil profit COPY:An impressive transaction recently took place at Glentrees, where a spacious four-bedroom apartment measuring 1,701 sq ft was sold for a whopping $3.65 million ($2,146 psf) on Oct 11, making it the most profitable condo resale transaction of the week between Oct 8 to Oct 15. The seller of the second-floor unit had purchased it directly from the developer for $1.19 million ($700 psf) back in June 2005, and after nearly 19 and a half years, managed to rake in a gain of $2.46 million from the sale. This translates to an impressive capital gain of 207% or an annualised profit of 10.9%.Situated on Mount Sinai Lane in coveted District 10, Glentrees is a 999-year leasehold condominium that was built in 2005. It boasts of a total of 176 units spread out across eight five-storey blocks. These units range from two to four bedrooms and occupy a spacious area of 1,346 sq ft to 1,884 sq ft. The development also offers top-floor loft units, which feature two to four bedrooms and range from 1,991 sq ft and 2,691 sq ft. The largest units available at Glentrees are the Garden Terraces, located on the ground floor and boasting of a landed-home layout, with two or three storeys. These luxurious units measure between 2,626 sq ft and 3,670 sq ft.In 2021, there have been a total of seven resale transactions at Glentrees, all of which have been profitable. Among these is the sale of another four-bedroom unit, which measures 3,671 sq ft and is located on the first floor of the development. This unit was sold for a whopping $4.4 million ($1,199 psf) on Feb 22. Records show that the seller had initially purchased this unit directly from the developer back in May 2004 for $1.5 million ($409 psf), thus making a profit of $2.9 million (193%) on the sale. This is the highest profit recorded on a unit at Glentrees so far. Other units sold at the development in 2021 have resulted in gains ranging from $150,000 to $770,000.The second most profitable resale deal recorded during that week was the sale of a luxurious three-bedroom unit at Flame Tree Park on Oct 10. The 1,765 sq ft unit was sold for a generous price of $3.18 million ($1,801 psf). According to caveats lodged, this unit had last changed hands in May 1995 for $1.03 million ($582 psf). This translates to a whopping profit of $2.15 million (209%) for the seller, after owning the unit for 29 and a half years. This is in fact the most profitable resale transaction recorded at Flame Tree Park to date, surpassing the previous record of $1.84 million, made from the sale of another unit measuring 1,593 sq ft, which was sold for $2.82 million ($1,770 psf) back on Dec 22, 2023. This unit was purchased by the seller in August 1997 for just $980,000 ($615 psf).The third sale in the list of profitable deals this week is located at Martin No 38, where a three-bedroom unit measuring 1,485 sq ft on the 14th floor was sold for an impressive $4.2 million ($2,827 psf) on Oct 15. However, records show that the seller had purchased this unit back in May 2011 for the slightly higher price of $4.4 million ($2,962 psf). As a result, the seller incurred a loss of $200,000 (4.5%), despite holding the unit for over 13 and a half years.This sale is in fact the first unprofitable resale transaction recorded at Martin No 38 since February 2022, when another unit measuring 969 sq ft was sold for $2.4 million ($2,477 psf), resulting in a loss of just $10,000. Furthermore, this is also the fifth biggest loss recorded on a unit at Martin No 38, with the record being held by a seller who incurred a loss of approximately $238,000 when they sold a two-bedroom unit measuring 1,335 sq ft, for $3.45 million ($2,585 psf) on Dec 18, 2023.Built in 2011, Martin No 38 is a freehold condo located on Martin Road in the exclusive residential enclave of River Valley, just a stone’s throw away from Robertson Quay. The development boasts of a single 28-storey tower comprising of just 88 units, including two-bedroom, three-bedroom, and four-bedroom apartments ranging in size from 969 sq ft to 2,648 sq ft. The development also offers penthouses ranging in size from 3,660 sq ft to 4,392 sq ft.

Living in Aurelle of Tampines EC comes with the added benefit of being within close proximity to several MRT stations. Strategically located near the Tampines North MRT Station, which is set to be part of the upcoming Cross Island Line (CRL), this executive condominium offers convenience and accessibility. The CRL is slated to commence operations in the near future, providing residents with faster commute times to various parts of Singapore. Furthermore, Tampines MRT Station, another nearby interchange station for the Downtown and East-West Lines, provides direct access to key commercial and business hubs. This includes the bustling Central Business District (CBD) and the prestigious Marina Bay Financial Centre. The residents of Aurelle of Tampines EC can easily access these important destinations, making it an ideal choice for those who commute on a daily basis.