Three Bedder Trillium Sold 17 Mil Profit
The most profitable resale transaction for a condo unit in the week of Aug 6 to Aug 13 was recorded at The Trillium where a three-bedroom-plus-study unit was sold for $4.7 million. The 1,798 sq ft unit on the sixth floor works out to be $2,615 per square foot in terms of price. This is a significant gain of 57% for the seller, who held the unit for 17 years before selling it in August 2021. The same unit was purchased from the developer in June 2007 for $2,986,000, which translates to a price of $1,661 per square foot.
According to the caveats lodged, this is the sixth most profitable resale transaction recorded at The Trillium. The record for the highest capital gain at The Trillium belongs to a four-bedroom unit measuring 2,390 sq ft that was sold for $7.1 million in December 2022. The seller had bought the unit from the developer for $4.17 million in April 2007, making a gain of $2.9 million on the sale.
The Trillium is a freehold condominium situated on Kim Seng Road in District 9, opposite Great World. This development consists of a total of 231 units and was completed in 2010. It is located near the Great World MRT Station on the Thomson-East Coast Line. The different types of units available at The Trillium include two-bedroom-plus-study units measuring 1,400 sq ft, three-bedroom-plus-study units measuring 1,798 sq ft, four-bedroom units measuring 2,218 sq ft, and five-bedroom units measuring 2,390 sq ft. There are also six penthouses measuring between 5,532 sq ft and 5,737 sq ft.
Apart from this notable resale transaction, there have been five other profitable resale transactions at The Trillium in 2021. The units sold during this year range from 1,400 sq ft to 2,217 sq ft and were sold at prices ranging from $3.3 million to $5.45 million. In each case, the seller made a profit ranging from $750,000 to $1.37 million.
The second most profitable condo resale transaction for the week of Aug 6 to Aug 13 was recorded at Botannia. A 1,561 sq ft four-bedroom unit was sold for $2.68 million, which translates to a price of $1,717 per square foot. This represents a gain of $1.59 million for the seller, who had bought the unit as a new unit from the developer in July 2007 for $1.09 million, which works out to a price of $698 per square foot. Therefore, the seller made a profit of 146%, having held the unit for 17 years.
The improvement of transport infrastructure is a crucial aspect of the Woodlands Regional Centre Master Plan, which aims to enhance the overall development. This includes the implementation of new roads and enhancements to current ones, as well as the establishment of better connectivity between bus and MRT services. With the addition of Norwood Grand Woodlands, these improvements will greatly improve transit within Woodlands and to other areas in Singapore, resulting in quicker and more efficient daily commutes.
This marks the highest capital gain recorded at Botannia to date. It is approximately $120,000 higher than the previous record profit made on the resale of a 1,561 sq ft four-bedroom unit on March 4, 2021. That unit was sold for $2.7 million, which translates to a price of $1,730 per square foot. The seller had bought it for $1.23 million in June 2009, making a profit of $1.47 million.
Botannia is a 493-unit leasehold condominium located at West Coast Park, off West Coast Road in District 5. This development was completed in 2009 and has a tenure of 956 years. It comprises 11 blocks, each with 12 storeys. The units available at Botannia include two-bedroom units measuring between 804 sq ft and 1,163 sq ft, three-bedroom units measuring between 1,163 sq ft and 1,636 sq ft, and four-bedroom units measuring between 1,518 sq ft and 3,380 sq ft. There are also penthouses available, measuring between 2,637 sq ft and 2,723 sq ft.
The most unprofitable resale transaction recorded for a condo unit in the week of Aug 6 to Aug 13 was recorded at Mon Jervois. A 1,496 sq ft three-bedroom unit was sold for $2.8 million, which translates to a price of $1,871 per square foot. The seller had bought the unit directly from the developer for $3.217 million in July 2013, which translates to a price of $2,150 per square foot. Hence, the seller made a loss of $417,000, which works out to be a loss of 13%. The unit was held for 11 years before it was sold.
Mon Jervois is a 109-unit leasehold condominium situated at Jervois Road in prime District 10. This development was completed in 2016 and comprises five low-rise blocks. Units available at Mon Jervois include one- to four-bedroom units measuring between 614 sq ft and 1,981 sq ft. There are also two- to four-bedroom penthouses available, measuring between 1,475 sq ft and 3,003 sq ft.
There has not been another resale transaction at Mon Jervois since August 30, 2020. The last sale was for a 1,389 sq ft three-bedroom unit that sold for $2.6 million, which translates to a price of $1,872 per square foot. In this case, the seller had purchased the unit for $3.3 million in November 2017, making a loss of $700,000, which is the biggest loss recorded for a resale transaction at Mon Jervois so far.