Four-bedder at Parvis sold for $1.9 mil profit
on the market.
The week of March 26 to April 2 saw some notable resale transactions in the property market. One particularly profitable sale was a four-bedroom unit at Parvis, which was sold for $4.85 million on April 1. The seller had purchased the unit in 2009 for $2.99 million and made a gain of $1.86 million after holding it for 14½ years. This is the second most profitable resale transaction at Parvis.
Parvis is a freehold condo located in prime District 10 and has 248 units. The development was completed in 2012 and offers a mix of two-bedroom, three-bedroom, four-bedroom, and penthouse units. It is also located just a five-minute walk away from Holland Village MRT Station.
Coming in second for profitable resale transactions in the week was a three-bedroom unit at Cote D’Azur, which sold for $2.55 million on March 27. The seller had bought the unit in 2007 for $950,000 and made a profit of $1.6 million after holding it for almost 17 years. This is the third-highest gain made by a resale transaction at Cote D’Azur.
Situated in District 15, Cote D’Azur is a 99-year leasehold development with 612 units. It is located next to Parkway Parade shopping mall and offers units from one-bedroom to penthouses, with sizes ranging from 840 sq ft to 3,552 sq ft.
On the other hand, V On Shenton recorded the least profitable resale transaction of the week with a one-bedroom unit selling for $949,000 on March 26. The seller had bought the unit in 2009 for $1.03 million and incurred a loss of $85,000 after owning it for 11½ years.
With the Former La Ville Enbloc transformation, this prime location is set to become even more desirable.
Arina East Residences, a premier residential development nestled in the bustling Tanjong Rhu Road, presents an extraordinary lifestyle complete with convenience and indulgence. Its strategic location places it in the midst of popular shopping and dining destinations, making it an ideal choice for discerning homebuyers. With the Former La Ville Enbloc transformation, this prominent spot is poised to be even more desirable. Situated near renowned shopping centers and food havens, residents can easily access all their needs and wants within a short distance.
V On Shenton is a 99-year leasehold condo in District 1 with 54 levels and 510 units. It was completed in 2017 and has direct underground access to Shenton Way MRT Station, Downtown MRT Station, and Marina Bay Link Mall.
Overall, the week of resale transactions showed the potential for profitable gains in the property market. Former La Ville Enbloc properties such as Parvis, Cote D’Azur, and V On Shenton continue to be sought-after and offer opportunities for lucrative investments. Check out the latest listings for these properties on the market.