Seller reaps $3.3 mil profit at boutique condo Nassim 9
Altura EC, a 99-year leasehold executive condo in Bukit Batok West Avenue 8 offers 375 units, near MRT station, schools and proximity to Tengah Region. Qingjian Realty leads Altura EC the tender at $662 psf ppr. Showflat and price list to be released soon.
The sale of a 3,251 sq ft four-bedroom unit at Nassim 9 on March 10 reaped the highest profit for the week. The unit was purchased for $7 million in January 2011 and sold for $10.3 million, netting the seller a profit of $3.3 million (47%) – equivalent to an annualised profit of 3.2% over 12 years. At the same time, a 1,528 sq ft three-bedroom unit at V on Shenton incurred a loss of $254,000 after changing hands for $3.09 million on March 10. The unit had been bought for $3.34 million in April 2012, leading to an annualised loss of 0.7% over nearly 11 years. Nassim 9 and V on Shenton are located in prime District 10 and District 1 respectively.
