When contemplating an investment in a Singapore Condo, it is crucial to also evaluate its potential rental yield. Rental yield is the annual rental income expressed as a percentage of the property’s purchase price. In Singapore, rental yields for condos can vary significantly based on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, offer more attractive rental yields. To better understand the rental potential of a specific Singapore Condo, conducting thorough market research and consulting with real estate agents can be highly beneficial. Additionally, accessing resources such as Singapore Condo can provide valuable insights into the rental potential of a particular condo.
Nassim 9, a luxury development, has set a new record for the most profitable private non-landed resale transaction during the period from Feb 4 to Feb 7. This transaction involved a 2,486 sq ft, four-bedroom unit located on the third floor, which was sold for $7.5 million, or $3,016 per square foot (psf), on Feb 7.According to Urban Redevelopment Authority (URA) caveats, the seller had previously purchased the unit for $4.12 million ($1,641 psf) in December 2005. As a result, they profited $3.42 million, which translates to 83.8% of their original purchase price. This equates to an annualised gain of 3.2% over 19 years.Nassim 9 saw a 2,486 sq ft, four-bedroom unit sell for $7.5 million ($3,016 psf), reaping a profit of $3.42 million (Photo: Samuel Isaac Chua / EdgeProp Singapore)This transaction is currently the third-most profitable resale transaction at Nassim 9 to date. 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). This unit had been purchased for $4.12 million ($1,495 psf) in December 2005. As a result, the seller made a profit of $5.38 million (130.6%), which equates to an annualised gain of 5% over 17 years.Read also: 8M Residences sets new price high of $2,384 psfAdvertisementAdvertisementPrior to the unit sold on Feb 7, the last recorded transaction at Nassim 9 was in March 2023, when a 3,251 sq ft, four-bedroom unit was sold for $10.3 million ($3,169 psf). This generated a profit of $3.3 million.Nassim 9 is a boutique condo situated along Nassim Road in prime District 10. Completed in 2002, the four-storey development has four-bedroom units spanning from 2,756 to 3,423 sq ft.Luxury development, Mount Faber Lodge, saw a triplex penthouse unit sell for $5 million ($1,350 psf). This was the second most profitable resale during the period in review. The unit was last sold in August 2001 for $1.6 million. As a result, the seller profited $3.4 million (212.5%), or an annualised gain of 5% over 23½ years.The unit sold on Feb 5 is the most profitable unit transacted at Mount Faber Lodge to date. The previous record was held by a three-bedroom unit spanning 2,669 sq ft on the third floor that was sold for $3.89 million ($1,457 psf) in October 2022. The unit had been bought for $1.3 million ($487 psf) in January 2006. Hence, the seller made a profit of $2.59 million (199.2%).Completed in 1983, Mount Faber Lodge is a boutique freehold development located along Mount Faber Road in District 4. The 84-unit condo comprises of studio units spanning 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 deal during the period in review was the sale of a three-bedroom unit at Amaryllis Ville, a 99-year leasehold condo in prime District 11. The 1,238 sq ft unit on the 28th floor was sold for $2.65 million ($2,141 psf) on Feb 5. 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.Read also: Sydney luxury project Aura by Aqualand to launch in Singapore with prices from A$2 milAdvertisementThe Feb 5 transaction was the third-most profitable unit to be sold at Amaryllis Ville. The record belongs to a 1,991 sq ft, three-bedroom unit on the 17th floor that was sold for $3.75 million ($1,885 psf) in September 2023. The unit had been purchased for $1.95 million ($979 psf) in June 2009. As a result, the seller made a profit of $1.8 million (92.5%), or an annualised gain of 4.7% over 14 years.According to resale data tabulated by EdgeProp Singapore, resale prices at Amaryllis Ville have been consistently increasing in recent years. Based on a rolling 12-month average, the average price hit $1,897 psf in February 2023 before rising to $2,001 psf in February 2024. Last month, the average price rose to $2,082 psf, signifying a 4% y-o-y increase.The 311-unit Amaryllis Ville is located along Newton Road. Completed in 2004, the condo houses one- and two-bedroom units from 657 to 1,378 sq ft and three-bedroom units from 958 to 2,637 sq ft. The development also has 129 five-bedroom units spanning from 3,703 to 3,724 sq ft. Nearby condos include Rochelle at Newton, a 129-unit condo along Keng Lee Road, and Kopar at Newton, a 378-unit condo along Makeway Avenue.There were no unprofitable transactions during this period. 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