Beverly Hills penthouse seller makes $7 million profit

A duplex penthouse located at Beverly Hill was the most profitable condo resalesale deal during the period of July 25 through August 1 according to caveats filed with URA. The 7,556 square foot five bedroom unit sold at $18 million ($2,382 per square foot) in July. The unit was bought from the vendor in January 2007, for a price of $11 million ($1,456 per square foot) and they made an income in the amount of $7million. This amounts to an investment gain of 64% over a period of holding which was 16.5 years.

It is the most profitable transaction to date recorded at Beverly Hill, based on the data collected by EdgeProp Research. This is higher than the previous record set in January 2007 when the vendor of the duplex penthouse made an profit that was $5.3 million.

Lumina Grand EC in western Singapore, it serves as an oasis. It not only provides escape from the busy traffic found near the Central Business District, but it also provides affordable yet well-featured residential options.

The property is located at Grange Road in District 10, Beverly Hill is a boutique condo that was built in 1983. It has the totality of 86 units located in a 23-story block. There are just four bedrooms that are available in the condo that range in size between 3,369 and 3,778 sq feet, and two penthouses that measure 7,556 square feet each.

The penthouse that was sold on July 28, is the first unit in Beverly Hill to change hands within a single year. Prior to that the most recent resales was the 28th of July in 2022 when a 3,778 sq feet unit sold for $8.94 million ($2,367 per square foot). Seller, who bought this unit back in the month of June for $6.1 million ($1,615 per sq ft) and made a profit of approximately $2.84 million from the deal.

Pebble Bay saw the second highest-profitable transaction during the week-long review, with the sale of a 6,114 square ft duplex penthouse at $9 million ($1,472 per square foot) on the 26th of July. The five-bedroom property was purchased by the owner in November 2001. The price was $4.3 million ($703 per square foot) and the seller earned the profit from $4.7 million (109%) after holding the penthouse for less than 22 years.

This is the highest-profit deal ever recorded at Pebble Bay exceeding the previous record of $3.07 million that was made by the owner of a 2,626 sq. ft apartment in the month of July, 2022. The unit was sold at $4.89 million ($1,862 per sq ft).

Pebble Bay is an 510-unit project situated in Kallang and is situated in to the Kallang Basin. It was built in 1997. condominium is owned by CapitaLand is located near Kallang’s Singapore Sports Hub, Kallang Wave Mall, Bay East Garden and East Coast Park. It’s just a five-minute walk from the planned Tanjong Rhu MRT Station on the Thomson-East Coast Line.

In contrast, the sale of a single bedder at 26 Newton was the most profitable transaction of the week in analysis. The apartment of 484 square feet was sold in exchange for $1.05 million ($2,168 per sq ft) on July 28, 2017. The property was bought on March 17, 2017 at $1.1 million ($2,271 per sq ft). The seller incurred an expense of $50,000 which is 5% in a time of almost six and a half years.

It is also the only unit in 26 Newton that has changed hands in June 2022, based on caveats that were lodged. In the moment it was 936 square feet, the unit was bought at $1.84 million ($1,965 per sq ft). Prior to that the sale, a 775 sq feet unit was sold for $1.77 million ($2,278 psf) in March 2022.

26 Newon is a leasehold apartment located on Newton Road in District 11. It’s a development owned by Novelty Group that was completed in the year 2016. The residential block, which is 26 stories tall, houses 180 units, which range from one-bedders up to penthouses ranging between 474 and 1,539 square feet.