Penthouse at Spring @ Katong reaps $2.06 mil profit

Situated in District 9, RiverGate is a freehold plan that was finished in 2009. It has 545 units throughout 3 43-storey blocks. Units consist of a mix of 2- to four-bedroom flats measuring in between 1,023 and 3,918 sq ft.

This is the most profitless resale transaction that has recently occurred at Robinson Suites to day, based upon files compiled on EdgeProp Research. It overtakes the previous report deficit of $944,000 gotten by the home seller of a 990 sq ft unit that yielded $1.83 million ($1,846 psf) in March 2023.

The second most successful flat reselling transaction during the period in evaluation took place at RiverGate. A four-bedroom unit computing 1,798 sq ft switched hands for $5.05 million ($2,809 psf) on Jan 29. The seller, who purchased the unit for $3.27 million ($1,820 psf) in February 2010, profited a gain of near $1.78 million (54%) on the transfer after having the apartment for 14 years.

This is one of the most profitable resell proceeding at Spring @ Katong to date. It tops the past log earnings of $1.24 million set last March when a 1,044 sq ft unit brought $1.85 million ($1,772 psf).

The unit marketed on Jan 29 is the very first residence at Robinson Suites to change hands from last September when a 614 sq ft unit brought $1.45 million ($2,363 psf).

Hillock Green Singapore

One of the most profitable apartment resell transaction over the week of Jan 23 to 30 was the deal of a twin penthouse at Spring @ Katong. The 1,679 sq ft, three-bedroom unit fetched $2.92 million ($1,739 psf) on Jan 23. The dealer had already acquired the unit via the property developer for around $865,000 ($515 psf) in January 2005. Thus, they made a profit of $2.055 million (238%) after keeping the unit for 19 years.

Spring @ Katong is a real estate property development on Ceylon Roadway in District 15. The 52-unit project was completed in 2006. It has 2 residence blocks including two- and three-bedroom units from 990 to 1,701 sq ft. The project is in just walking proximity of the Marine Parade MRT Terminal on the Thomson-East Coast Line.

Robinson Suites is a freehold apartment at 50 Robinson Road in the CBD in District 1. The development consists of a solo tower property 167 condominiums. Units comprise one- and two-bedroom flats ranging from 484 sq ft to 990 sq ft. There are additionally six penthouse units going from 1,087 to 1,410 sq ft.

This is the first resale reported at RiverGate to date this year. in 2023, the condominium viewed five units turn hands, every one of which were worthwhile sales. The units, determining in between 1,539 and 2,088 sq ft, were cost between $4.3 million and $5.75 million, or between $2,588 and $2,999 on a psf-price basis. The respective home sellers generated gains going from $1.25 million to $2.56 million.

In the meantime, one of the most unsuccessful condo reselling operation during the period in evaluation was the deal of a flat at Robinson Suites. The two-bedroom unit covering 936 sq ft was yielded $1.8 million ($1,922 psf) on Jan 29. It was purchased by the seller in May 2013 for $2.78 million ($2,972 psf). Therefore, they got a loss of near $984,000 (35%) after storing the place for almost 11 years.


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