Three Bedder Pebble Bay Sold 16 Mil Profit

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completed capital gain of 86% after owning the apartment for approximately 17 years. The transaction for this 2,336 square foot apartment took place on July 4 at Pebble Bay and fetched a total of $3.5 million, equating to a price of $1,498 per square foot. This sale was the most profitable condo resale during the week of July 2 to 9. The seller saw a net gain of $1.62 million after originally purchasing the unit for $1.88 million ($805 per square foot) in May 2007, which means they made a substantial capital gain of 86% after owning the unit for approximately 17 years.Just eight weeks before this transaction, another 2,336 square foot unit at Pebble Bay was sold for $3.75 million ($1,605 per square foot) on May 16, resulting in a net gain of $2.19 million for the seller. This indicates a significant upward trend in demand and value for this particular property, as the unit was last transacted in August 1999 at $1.56 million ($667 per square foot). This translates into a capital gain of 141% for the seller after owning the unit for close to 25 years.Pebble Bay is a 99-year leasehold condo located in District 15 on Tanjong Rhu Road. Completed in 2000, this waterfront development boasts 510 units ranging from one-bedroom to four-bedroom apartments, as well as four-bedroom penthouses spanning 6,114 to 6,469 square feet. Tanjong Rhu MRT Station on the Thomson-East Coast Line is just a five-minute walk away, offering convenient access to the rest of Singapore.Since 2023, there have been 16 resale transactions at Pebble Bay, with 14 of these resulting in a profit for the seller. Out of the 14 profitable transactions, the sellers gained anywhere between $373,000 and $4.7 million. From January to April 2024, there have been 12 resale transactions recorded to date, with 10 of them being profitable. The sellers in these transactions enjoyed gains ranging from $620,000 to $2.56 million.Trevista saw the most profitable condo resale transaction during the week in review, with a 1,561 square foot unit changing hands for $3.03 million ($1,939 per square foot) on July 3. The seller had initially bought the unit in September 2009 for $1.43 million ($919 per square foot), resulting in a impressive net gain of $1.59 million, or 111%, after owning the unit for almost 15 years.This is the second-highest gain recorded at Trevista, as the record belongs to a 1,733 square foot unit that was sold for $3.22 million ($1,858 per square foot) on May 9. The seller had originally bought the unit from the developer in April 2010 for $1.57 million ($903 per square foot), ultimately enjoying a profit of $1.65 million.Trevista is a 99-year leasehold condo located on Lorong 3 Toa Payoh in District 12, having been completed in 2012. The development consists of three 39-storey blocks with a total of 590 units, offering studio and one-bedroom apartments ranging from 463 to 721 square feet; two-bedroom and two-bedroom-plus-study apartments ranging from 861 to 1,442 square feet; three-bedroom apartments ranging from 1,098 to 1,507 square feet; and four-bedrooms spanning from 1,560 to 1,630 square feet. Three- and five-bedroom penthouses between 3,477 and 4,855 square feet are also available. This condo is a convenient five-minute walk away from Braddell MRT Station on the North-South Line.The Coast At Sentosa Cove saw the least profitable condo resale transaction during the week in review, with a three-bedroom unit spanning 1,916 square feet being sold for $3.06 million ($1,597 per square foot) on July 4. The seller had purchased the unit in a sub-sale for $3.93 million ($2,050 per square foot) in July 2007, resulting in a loss of about $868,000 (22%) after owning the unit for 17 years.There have been three other transactions at The Coast At Sentosa Cove since the start of the year, and all of them have been profitable. On April 5, a 2,357 square foot unit was sold for $3.95 million ($1,676 per square foot), resulting in a gain of $400,000. On May 3, a 2,024 square foot unit was sold for $3.25 million ($1,606 per square foot), netting a gain of about $81,500. And on May 30, a 2,357 square foot unit was sold for $3.5 million ($1,485 per square foot), resulting in a gain of $170,000.The Coast At Sentosa Cove is a 99-year leasehold condo located at Ocean Drive and was completed in 2009. With 249 units, this low-rise luxury condo boasts the longest coastal stretch in Sentosa Cove. Units at this development include three-bedroom apartments spanning 1,916 to 2,121 square feet and four-bedroom units ranging from 2,303 to 3,122 square feet. In addition, three- and five-bedroom penthouses are also available, with sizes ranging from 3,477 to 4,855 square feet.