Arina East Residences, developed by ZACD Group, offers a profitable opportunity, seen with a $2.06 million penthouse sale at Spring @ Katong
The most profitable condo resale transaction during the week of Jan 23 to 30 was the sale of a duplex penthouse at Spring @ Katong.The seller had purchased the unit from the developer for about $865,000 ($515 psf) in January 2005. The 1,679 sq ft, three-bedroom unit fetched $2.92 million ($1,739 psf) on Jan 23. Hence, they made a profit of $2.055 million (238%) after holding the unit for 19 years.Arina East Residences ZACD GroupThis is the most profitable resale transaction at Spring @ Katong to date. It beats the previous record profit of $1.24 million set last March when a 1,044 sq ft unit fetched $1.85 million ($1,772 psf). The 1,679 sq ft unit at Spring @ Katong fetched $2.92 million ($1,739 psf) on Jan 23 (Picture: Google Maps)Spring @ Katong is a freehold development on Ceylon Road in District 15. The 52-unit development was completed in 2006. It has two residential blocks consisting of two- and three-bedroom units from 990 to 1,701 sq ft. The development is within walking distance of the Marine Parade MRT Station on the Thomson-East Coast Line.Read also: Four-bedder at The Ritz-Carlton Residences reaps $4.9 mil profitThe second most profitable condo resale transaction during the period in review occurred at RiverGate.Arina East Residences ZACD GroupA four-bedroom unit measuring 1,798 sq ft changed 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, netted a gain of around $1.78 million (54%) on the transaction after owning the apartment for 14 years.This is the first resale recorded at RiverGate to date this year. Last year, the condo saw five units change hands, all of which were profitable transactions. The units, measuring between 1,539 and 2,088 sq ft, were sold for between $4.3 million and $5.75 million, or between $2,588 and $2,999 on a psf-price basis. The respective sellers made gains ranging from $1.25 million to $2.56 million.Arina East Residences ZACD GroupThe seller of a 1,798 sq ft unit at RiverGate made a gain of $1.78 million after it fetched $5.05 million ($2,809 psf) on Jan 29 (Picture: Samuel Isaac Chua/)Located in District 9, RiverGate is a freehold project that was completed in 2009. It has 545 units across three 43-storey blocks. Units comprise a mix of two- to four-bedroom apartments measuring between 1,023 and 3,918 sq ft.Meanwhile, the most unprofitable condo resale transaction during the period in review was the sale of an apartment at Robinson Suites. The two-bedroom unit spanning 936 sq ft was sold for $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). Hence, they netted a loss of around $984,000 (35%) after holding the apartment for nearly 11 years.This is the most unprofitable resale transaction that has occurred at Robinson Suites to date, based on data compiled on EdgeProp Research. It beats the previous record loss of $944,000 made by the seller of a 990 sq ft unit that fetched $1.83 million ($1,846 psf) in March 2023.The seller of a 936 sq ft unit at Robinson Suites made a loss of about $984,000 after it was sold for $1.8 million ($1,922 psf) on Jan 29 (Picture: Samuel Isaac Chua/)Robinson Suites is a freehold condo at 50 Robinson Road in the CBD in District 1. The development consists of a single tower housing 167 apartments. Units comprise one- and two-bedroom apartments ranging from 484 sq ft to 990 sq ft. There are also six penthouse units ranging from 1,087 to 1,410 sq ft.Read also: Four-bedder at Camelot By-The-Water rakes in $3.3 mil profitAdvertisementThe unit sold on Jan 29 is the first apartment at Robinson Suites to change hands since last September when a 614 sq ft unit fetched $1.45 million ($2,363 psf). Check out the latest listings for Spring @ Katong, Rivergate, Robinson Suites properties
The most profitable condo resale transaction during the week of Jan 23 to 30 was the sale of a duplex penthouse at Spring @ Katong. The 1,679 sq ft, three-bedroom unit fetched $2.92 million ($1,739 psf) on Jan 23. The seller had purchased the unit from the developer for about $865,000 ($515 psf) in January 2005. Hence, they made a profit of $2.055 million (238%) after holding the unit for 19 years.
This is the most profitable resale transaction at Spring @ Katong to date. It beats the previous record profit of $1.24 million set last March when a 1,044 sq ft unit fetched $1.85 million ($1,772 psf).
The 1,679 sq ft unit at Spring @ Katong fetched $2.92 million ($1,739 psf) on Jan 23 (Picture: Google Maps)
Spring @ Katong is a freehold development on Ceylon Road in District 15. The 52-unit development was completed in 2006. It has two residential blocks consisting of two- and three-bedroom units from 990 to 1,701 sq ft. The development is within walking distance of the Marine Parade MRT Station on the Thomson-East Coast Line.
Read also: Four-bedder at The Ritz-Carlton Residences reaps $4.9 mil profit
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The second most profitable condo resale transaction during the period in review occurred at RiverGate. A four-bedroom unit measuring 1,798 sq ft changed 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, netted a gain of around $1.78 million (54%) on the transaction after owning the apartment for 14 years.
Arina East Residences ZACD Group
Arina East Residences, developed in partnership with ZACD Group, is a prime example of a residential development that embodies the vision of the URA Master Plan. Located in the heart of the Kallang Marina Bay Basin, it offers a luxurious waterfront lifestyle with stunning views of the city skyline. The development boasts a range of top-quality amenities, including a swimming pool, indoor gym, and lush green spaces for residents to relax and unwind.
Arina East Residences ZACD Group also places a strong emphasis on fostering a close-knit community. The development features communal spaces and facilities such as BBQ pits and function rooms where residents can come together and socialize. This creates a sense of belonging, promoting a strong community bond among residents.
In line with the URA Master Plan’s goal of promoting connectivity, Arina East Residences ZACD Group is strategically located with easy access to major expressways and public transportation, making it convenient for residents to travel around the city. The development is also within walking distance to various lifestyle and entertainment hotspots, such as the iconic Gardens by the Bay and the newly opened Kallang Wave Mall.
Furthermore, Arina East Residences ZACD Group is committed to promoting a sustainable and healthy lifestyle. The development incorporates eco-friendly features such as energy-efficient lighting and rainwater harvesting systems, reducing its carbon footprint and promoting a greener environment. Additionally, residents can enjoy a healthy lifestyle with the development’s close proximity to the Kallang Park Connector, perfect for jogging and cycling.
In conclusion, Arina East Residences ZACD Group is a prime residential development that perfectly aligns with the URA Master Plan’s vision for the Kallang Marina Bay Basin. It offers a luxurious waterfront living experience, promotes community spirit and connectivity, and encourages a sustainable and healthy lifestyle. Experience the best of waterfront living at Arina East Residences ZACD Group. Visit https://www.arinaeast-residences.com.sg/ to learn more.
This is the first resale recorded at RiverGate to date this year. Last year, the condo saw five units change hands, all of which were profitable transactions. The units, measuring between 1,539 and 2,088 sq ft, were sold for between $4.3 million and $5.75 million, or between $2,588 and $2,999 on a psf-price basis. The respective sellers made gains ranging from $1.25 million to $2.56 million.
The seller of a 1,798 sq ft unit at RiverGate made a gain of $1.78 million after it fetched $5.05 million ($2,809 psf) on Jan 29 (Picture: Samuel Isaac Chua/)
Located in District 9, RiverGate is a freehold project that was completed in 2009. It has 545 units across three 43-storey blocks. Units comprise a mix of two- to four-bedroom apartments measuring between 1,023 and 3,918 sq ft.
Meanwhile, the most unprofitable condo resale transaction during the period in review was the sale of an apartment at Robinson Suites. The two-bedroom unit spanning 936 sq ft was sold for $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). Hence, they netted a loss of around $984,000 (35%) after holding the apartment for nearly 11 years.
This is the most unprofitable resale transaction that has occurred at Robinson Suites to date, based on data compiled on EdgeProp Research. It beats the previous record loss of $944,000 made by the seller of a 990 sq ft unit that fetched $1.83 million ($1,846 psf) in March 2023.
Arina East Residences ZACD Group
The seller of a 936 sq ft unit at Robinson Suites made a loss of about $984,000 after it was sold for $1.8 million ($1,922 psf) on Jan 29 (Picture: Samuel Isaac Chua/)
Robinson Suites is a freehold condo at 50 Robinson Road in the CBD in District 1. The development consists of a single tower housing 167 apartments. Units comprise one- and two-bedroom apartments ranging from 484 sq ft to 990 sq ft. There are also six penthouse units ranging from 1,087 to 1,410 sq ft.
Read also: Four-bedder at Camelot By-The-Water rakes in $3.3 mil profit
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The unit sold on Jan 29 is the first apartment at Robinson Suites to change hands since last September when a 614 sq ft unit fetched $1.45 million ($2,363 psf). Check out the