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Draycott Eight Unit Sees Loss

A 2,863 sq feet system in Draycott 8 that was marketed on May 14 uploaded the greatest possible loss of $1.1 million (16%) for the week of May 8 to 15, inning conformity with URA caveats. The four-bedroom system on the 12th floor transformed hands for $5.9 million ($2,061 psf), compared to its purchase price of $7 million ($2,445 psf) in November 2007. This translates right into an annualised loss of 2% over a holding duration of 10.5 years. In 2015, seven from an overall of 8 deals at Draycott 8 were unlucrative, with losses varying from $150,000 to $3.28 million. The ordinary deal expense was $1,729 psf. The single successful transaction was for a 2,896 sq feet four-bedder, where the vendor made a gain of $402,580 (9%). At The Draycott, a 132-unit estate growth near Draycott 8, the typical rate of the three purchases in 2015 was $1,633 psf. A 2,637 sq ft system brought $4.39 million ($1,665 psf) in November. At bordering The Arc at Draycott, a 58-unit home advancement completed in 2008, the average acquisition expense in 2015 was $2,192 psf. The greatest psf cost discussed there was for a 2,638 sq ft system, at $6 million ($2,275 psf) in August 2007. Likewise near Draycott 8 is 1 Draycott Park, which was used en bloc for $72 million to Champsworth Growth, a subsidiary of Selangor Dredging. The price shows a land price of concerning $1,787 psf each story proportion, inclusive of an advancement cost approximated at $15.3 million. The new 64-unit development, called One Draycott, is anticipated to be introduced later this month.

Located in the prime Avenue South Residence @ Bukit Merah area in District 3, it is standing on is developed into two blocks of 56 storey high 1,074 residential units, one in-house childcare centre and eight commercial shop units.  There are five 4 storey conservation blocks in the property. In September 2017, a fund dealt with by Alpha Investment Allies apparently marketed 22 devices en bloc to US alternate investment supervisor Angelo Gordon for over $100 million, or at a typical rate of $1,700 psf. Over at Astrid Meadows, in addition in District 10, a 2,056 sq feet gadget that was sold on Might 10 tape-recorded the greatest possible revenue for the week, at $2.34 million (186%), inning accordance with warns lodged. The vendor bought the three-bedroom, third-floor unit in Might 2004 for $1.26 million ($613 psf) as well as likewise marketed it for $3.6 million ($1,751 psf), or an annualised gain of 8% over a 14-year holding period. In 2014, eight acquisitions at Astrid Meadows saw incomes varying from $217,200 to $3.1 million. There was just one unlucrative transaction, in which the supplier of a 2,433 sq ft system experienced a loss of $63,000. Astrid Meadows is a 208-unit freehold apartment on Crowning Road West. Produced by Parkway Land, it was completed in 1990. It is a four-minute drive from the Holland Town MRT terminal.

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