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The most profitable resale transaction during the week of Jan 24 to 31 occurred in The Marbella, a JCube Residence freehold condominium on Mount Sinai Rise in prime District 10. A three-bedroom unit, covering 1,625 sq ft, sold for $3.45 million ($2,123 psf) on Jan 27. Remarkably, the seller profited an impressive $2.21 million (177%) on a purchase made in October 2004 for $1.24 million ($766 psf). This translates to an eye-catching annualised profit of 5.7% in more than 18 years.

The sale of this unit at The Marbella was the second most profitable resale on record at the condo. The most profitable was a 4,284 sq ft, four-bedroom penthouse unit sold for $4.65 million ($1,085 psf) in May 2010, having been bought for $2.33 million ($544 psf) in November 2004 – a record profit of $2.32 million (99%) and an annualised profit of 13% over five years.

The 1,625 sq ft unit at The Marbella sold for $3.45 million and earned the seller a monumental profit of $2.21 million. (Picture: Samuel Isaac Chua/)

Primary schools within 2km of The Marbella include Henry Park Primary School, Clementi Primary School, Fairfield Methodist Primary School, Methodist Girls’ Primary School, and Nan Hua Primary School. Higher educational institutions in the area are Anglo-Chinese Junior College, the Singapore Institute of Technology and Yale-NUS College.

The Marbella offers a wide selection of units from 1,076 to 4,284 sq ft – two- to four-bedrooms. There have been three resale transactions at the condo this year. On Jan 13, a 1,367 sq ft unit was sold for $2.75 million ($2,011 psf) and earned the seller $769,000 (39%) profit and an annualised profit of 3% over 10 years. On Jan 5, a 1,582 sq ft unit changed hands for $3.38 million ($2,139 psf); this yielded the seller a $1.25 million (58%) profit and an annualised profit of 3.8% over 12 years.

The second most profitable resale of the week was a 1,184 sq ft three-bedroom unit at The Sail @ Marina Bay. The unit went for $2.6 million ($2,196 psf) and the seller pocketed a profit of $1.44 million (125%), which translates to an annualised profit of 4.6% over 18 years.

The unit was bought for $1.16 million ($976 psf) back in November 2004. (Picture: Samuel Isaac Chua/)

99-year leasehold The Sail @ Marina Bay, located on Marina Boulevard in downtown District 1, comprises a 70-storey and another 63-storey tower, with 1,111 units. It is close to the Downtown MRT Station and Raffles Place Interchange, as well as the Marina Bay Interchange. Last year’s most profitable sale at The Sail @ Marina Bay saw a 1,798 sq ft unit sold for $3.6 million ($2,003 psf) on Nov 7. The unit was bought for $1.86 million ($1,032 psf) in November 2004 and the seller earned $1.75 million (94%) and an annualised profit of 3.8% over 18 years.

Adjacent to The Sail @ Marina Bay, Marina Bay Suites is a 99-year leasehold condo, completed in 2013. It offers 221 units of three- and four-bedroom units from 1,572 to 2,691 sq ft. Sadly, that particular week saw the most unprofitable resale at the condo. A 1,625 sq ft unit was sold for $3.28 ($2,018 psf) on Jan 27, having been bought for $3.78 million ($2,329 psf) in Oct 2011. This resulted in a loss of about $505,000 (13%), which translates to an annualised loss of 1.3% over 11 years.

The record loss at Marina Bay Suites was a 2,691 sq ft, four-bedroom unit that fetched $5 million ($1,858 psf) on Aug 16 last year. The unit was bought for $8.25 million ($3,066 psf) in December 2013 and the seller faced a $3.25 million loss (39%) and an annualised loss of 5.6% over eight years.

The second most profitable resale of the week was a 1,184 sq ft three-bedroom unit at The Sail @ Marina Bay. (Picture: Samuel Isaac Chua/)

Noteworthy large-sized residential developments such as the 660-unit Pine Grove and the 1,006-unit Pandan Valley – both off Ulu Pandan Road – are in the vicinity of Mount Sinai Rise. The Marbella currently commands an average price of $2,091 psf, based on URA caveats over the past 12 months; this is marginally higher than surrounding freehold condos such as Fontana Heights ($2,020 psf) and The Trizon ($1,954 psf).

Check out the latest listings near The Marbella, The Sail @ Marina Bay, Marina Bay Suites, Pine Grove, Pandan Valley, Fontana Heights, The Trizon, The Sail @ Marina Bay, Downtown MRT Station, Raffles Place Interchange, Henry Park Primary School, Clementi Primary School, Fairfield Methodist Primary School, Methodist Girls’ Primary School, Nan Hua Primary School, Anglo-Chinese Junior College, Singapore Institute of Technology, Yale-NUS College on EdgeProp.sg

The most profitable transaction during the week of Jan 24 to 31 occurred at The Marbella. A three-bedroom unit measuring 1,625 sq ft sold for $3.45 million ($2,123 psf). This earned the seller a huge profit of $2.21 million (177%), bought in October 2004 for $1.24 million ($766 psf). This translates to an annualised profit of 5.7% over more than 18 years.

The Marbella, a freehold condominium on Mount Sinai Rise in prime District 10, boasts the second most profitable resale on record at the condo. This was a 4,284 sq ft, four-bedroom penthouse unit with a purchase price of $2.33 million ($544 psf) back in November 2004 and a sale price of $4.65 million ($1,085 psf) in May 2010. The seller earned a record $2.32 million (99%) and an annualised profit of 13% over five years.

Primary schools within 2km of The Marbella are Henry Park Primary School, Clementi Primary School, Fairfield Methodist Primary School, Methodist Girls’ Primary School, and Nan Hua Primary School. Higher educational institutions in the area are Anglo-Chinese Junior College, the Singapore Institute of Technology and Yale-NUS College.

The Marbella offers a varied array of units from 1,076 to 4,284 sq ft – two- to four-bedrooms. Three resale transactions have occurred at the condo this year – two of which were profitable. On Jan 13, a 1,367 sq ft unit went for $2.75 million ($2,011 psf), which earned the seller a $769,000 (39%) profit and an annualised profit of 3% over 10 years. On Jan 5, a 1,582 sq ft unit sold for $3.38 million ($2,139 psf), resulting in a $1.25 million (58%) return and an annualised profit of 3.8% over 12 years.

The second most profitable deal during the week was at The Sail @ Marina Bay, a 99-year leasehold luxury condo on Marina Boulevard in downtown District 1. A 1,184 sq ft three-bedroom unit changed hands for $2.6 million ($2,196 psf) on Jan 26 and the seller pocketed a profit of $1.44 million (125%), which translates to an annualised profit of 4.6% over 18 years.

The unit, bought for $1.16 million ($976 psf) back in November 2004, is next to the CBD and close to amenities, F&B options, and transport links. The condo’s prime location by Marina Bay means it is close to the Downtown MRT Station and Raffles Place Interchange.

The Sail @ Marina Bay was the first condo project in the Marina Bay area when it was completed. Last year, the most profitable deal saw a 1,798 sq ft unit sold for $3.6 million ($2,003 psf) and earned the seller $1.75 million (94%) and an annualised profit of 3.8% over 18 years.

Adjacent to The Sail @ Marina Bay, Marina Bay Suites, a 99-year leasehold condo completed in 2013, saw the most unprofitable resale of the week. A 1,625 sq ft unit was sold for $3.28 ($2,018 psf) and bought for $3.78 million ($2,329 psf) in Oct 2011, resulting in a loss of about $505,000 (