Four Bedroom Unit Nassim 9 Sold 342 Mil Profit
Amaryllis Ville records $2.75 mil profitSeller pockets $2.97 mil from condo saleEven with a competitive price range, the luxury development Nassim 9 continues to see profitable transactions. During the period of Feb 4 to Feb 7, a 2,486 sq ft, four-bedroom unit on the third floor was sold for $7.5 million, or $3,016 psf, making it the most profitable private non-landed resale transaction recorded during the period.According to URA caveats, the unit’s seller had purchased the unit for $4.12 million ($1,641 psf) in December 2005. This translates to a profit of $3.42 million, or 83.8% of their original purchase price. This also means an annualised gain of 3.2% over 19 years.This transaction is the third-most profitable resale at Nassim 9 so far. The current record was set in March 2023, when a larger four-bedroom unit spanning 2,756 sq ft was sold for $9.5 million ($3,448 psf). It was bought for $4.12 million ($1,495 psf) back in December 2005. This resulted in a profit of $5.38 million (130.6%), or an annualised gain of 5% over 17 years.The unit sold on Feb 7 marks the lastest profitable transaction at the boutique condo, with the last caveated transaction occurring in March 2023. During that time, a 3,251 sq ft, four-bedroom unit was sold for $10.3 million ($3,169 psf), netting the seller a profit of $3.3 million.Nassim 9 is a boutique condo that comprises just eight units. It is located along Nassim Road in District 10 and was completed in 2002. The four-storey development offers four-bedroom units ranging from 2,756 to 3,423 sq ft.For those looking for even more profitable transactions, Mount Faber Lodge may be the place to look. On Feb 5, a triplex penthouse unit was sold for $5 million ($1,350 psf), making it the second-most profitable sale during the period. The unit last changed hands in August 2001 for $1.6 million. With this transaction, the seller has reaped in a profit of $3.4 million (212.5%), or an annualised gain of 5% over 23½ years.Mount Faber Lodge has been gaining momentum in terms of profitable sales. The most profitable unit sold to date was a three-bedroom unit spanning 2,669 sq ft on the third floor. It was sold for $3.89 million ($1,457 psf) in October 2022, and was initially purchased for $1.3 million ($487 psf) in January 2006. This resulted in a profit of $2.59 million (199.2%).The 84-unit Mt Faber Lodge was completed in 1983 and offers a mix of studio units from 1,098 sq ft, two- and three-bedroom units ranging from 1,173 to 2,454 sq ft, and 20 five-bedroom triplex penthouses spanning 3,703 to 3,724 sq ft.The third-most profitable sale occurred at Amaryllis Ville, a 99-year leasehold condo in prime District 11. On Feb 5, a 1,238 sq ft unit on the 28th floor was sold for $2.65 million ($2,141 psf). It was last sold in June 2005 for $1.09 million ($884 psf), resulting in a profit of $1.56 million (142.2%), or an annualised gain of 4.6% over 19½ years.The Feb 5 transaction was the third-most profitable unit sold at Amaryllis Ville so far. The most profitable deal was set in September 2023, when a three-bedroom unit on the 17th floor spanning 1,991 sq ft was sold for $3.75 million ($1,885 psf). It was then purchased in June 2009 for $1.95 million ($979 psf), resulting in a profit of $1.8 million (92.5%), or an annualised gain of 4.7% over 14 years.Average resale prices at Amaryllis Ville have been on an upward trend, with the 12-month average price rising to a record high of $2,082 psf in February 2024, a 4% year-on-year increase. This is up from $1,897 psf in February 2023, and $2,001 psf in February 2024.Amaryllis Ville offers a mix of one- and two-bedroom units spanning 657 to 1,378 sq ft, three-bedroom units from 958 to 2,637 sq ft, and a few other five-bedroom triplex penthouses that range from 3,703 to 3,724 sq ft. Completed in 2004, the 311-unit condo is located along Newton Road.Looking at the transaction data prepared by EdgeProp Singapore, there were no unprofitable transactions during the period in review. For those looking to invest in District 10 or 11, there are plenty of options available for profitable transactions. Check out the latest listings for Nassim 9, Condominium properties, ask Buddy, Condo rental transactions in District 11, condo projects with most profitable transactions in District 10, price trend chart for Nassim 9, condo projects with most unprofitable transactions in District 11, and condo rental transactions in District 11.
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According to URA caveats, the most profitable private non-landed resale transaction recorded during the period of Feb 4 to Feb 7 was at the luxury development Nassim 9. The sale involved a 2,486 sq ft, four-bedroom unit located on the third floor which was sold for $7.5 million, or $3,016 psf, on Feb 7.
Prior to this transaction, the seller had purchased the unit for $4.12 million ($1,641 psf) in December 2005. This resulted in a profit of $3.42 million, or 83.8% of their original purchase price. This translates to an annualised gain of 3.2% over 19 years.
Nassim 9 has seen a few other profitable transactions as well. The current record was set in March 2023, when a larger four-bedroom unit spanning 2,756 sq ft was sold for $9.5 million ($3,448 psf). It had been bought for $4.12 million ($1,495 psf) in December 2005. Hence, the seller made a profit of $5.38 million (130.6%), or an annualised gain of 5% over 17 years.
Besides Nassim 9, the next most profitable sale during the period in review was at freehold development Mount Faber Lodge. On Feb 5, a triplex penthouse unit was sold for $5 million ($1,350 psf). The unit last changed hands in August 2001 for $1.6 million, resulting in a profit of $3.4 million (212.5%), or an annualised gain of 5% over 23½ years.
The second most profitable sale at Mount Faber Lodge was a three-bedroom unit spanning 2,669 sq ft on the third floor. It was sold for $3.89 million ($1,457 psf) in October 2022, and was initially purchased for $1.3 million ($487 psf) in January 2006. This translated to a profit of $2.59 million (199.2%).
Located along Mount Faber Road in District 4, Mount Faber Lodge is a boutique freehold development that comprises 84 units. It was completed in 1983 and offers studio units from 1,098 sq ft, along with two- and three-bedroom units from 1,173 to 2,454 sq ft. The development also has 20 five-bedroom triplex penthouses sized from 3,703 to 3,724 sq ft.
The third-most profitable transaction during the period in review occurred at Amaryllis Ville, a 99-year leasehold condo in prime District 11. On Feb 5, a 1,238 sq ft unit on the 28th floor was sold for $2.65 million ($2,141 psf). It had last changed hands for $1.09 million ($884 psf) in June 2005. This resulted in a profit of $1.56 million (142.2%), or an annualised gain of 4.6% over 19½ years.
The most profitable sale at Amaryllis Ville was set in September 2023, when a three-bedroom unit on the 17th floor spanning 1,991 sq ft was sold for $3.75 million ($1,885 psf). It was initially purchased in June 2009 for $1.95 million ($979 psf), resulting in a profit of $1.8 million (92.5%), or an annualised gain of 4.7% over 14 years.
The 311-unit Amaryllis Ville is located along Newton Road and was completed in 2004. The condo offers a mix of one- and two-bedroom units spanning 657 to 1,378 sq
