Three Bedder Trillium Sold 17 Mil Profit
The sale of a three-bedroom-plus-study unit at The Trillium has been recorded as the most profitable condo resale transaction for the week of August 6 to August 13. The unit, measuring 1,798 sq ft and located on the sixth floor, was sold for a whopping $4.7 million ($2,615 psf) on August 12. The seller originally purchased the unit from the developer in June 2007 for $2.986 million ($1,661 psf), which means they made a profit of $1.71 million on the sale. This reflects a capital gain of 57% for the seller, who owned the unit for approximately 17 years.
Hoi Hup Realty and Sunway Developments have recently been selected as the winners of the tender for a new executive condominium (EC) at Plantation Close in Tengah, which will be known as Novo Place EC. The Housing and Development Board confirmed this news on September 11. With this being the second EC site in the Tengah housing estate, it is projected to offer a total of 495 units. Interested parties can now visit Novo Place’s website for more information on this upcoming development.
The Trillium, a freehold condo on Kim Seng Road in District 9, is opposite Great World and consists of 231 units. It was completed in 2010 and is adjacent to the Great World MRT Station on the Thomson-East Coast Line. The condo has three towers and offers a variety of units including 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 ranging from 5,532 sq ft to 5,737 sq ft.
According to caveats lodged, this is the sixth most profitable resale deal recorded at The Trillium. The record belongs to a four-bedroom unit measuring 2,390 sq ft that sold for $7.1 million ($2,971 psf) in December 2022. The seller originally bought this unit as a new unit in April 2007 for $4.17 million ($1,745 psf), netting a gain of $2.9 million on the sale.
The Trillium has seen five other profitable resale transactions so far this year. These units, measuring between 1,400 sq ft to 2,217 sq ft, sold for prices ranging from $3.3 million to $5.45 million. The sellers made gains between $750,000 and $1.37 million on these deals.
The second most profitable resale transaction during the week in review was recorded at Botannia, where a four-bedroom unit measuring 1,561 sq ft was sold for $2.68 million ($1,717 psf) on August 8. The unit, located on the fifth floor, was originally purchased by the seller as a new unit in July 2007 for $1.09 million ($698 psf). This translates to a profit of $1.59 million, or a capital gain of 146% for the seller. They owned the unit for about 17 years.
This sale also marked a new record profit at Botannia, surpassing the previous record of $1.47 million made on the resale of another 1,561 sq ft, four-bedroom unit on March 4. This unit was sold for $2.7 million ($1,730 psf), while the seller had bought it in June 2009 for $1.23 million ($788 psf).
Located on West Coast Park in District 5, Botannia is a 493-unit condo that was completed in 2009. The development, which has a leasehold tenure of 956 years, comprises 11 blocks of 12 storeys each. It offers two-bedroom units measuring 804 sq ft to 1,163 sq ft, three-bedroom units measuring 1,163 sq ft to 1,636 sq ft, and four-bedroom units measuring 1,518 sq ft to 3,380 sq ft. There are also penthouses measuring 2,637 sq ft to 2,723 sq ft.
On the other hand, Mon Jervois saw the most unprofitable resale deal during the week in review. This was due to the sale of a three-bedroom unit measuring 1,496 sq ft for $2.8 million ($1,871 psf) on August 8. The seller had initially acquired the unit from the developer in July 2013 for approximately $3.217 million ($2,150 psf). As a result, they incurred a loss of $417,000 (13%) after owning the unit for about 11 years.
Located on Jervois Road in prime District 10, Mon Jervois is a 109-unit condo that was completed in 2016. It offers a variety of units including one- to four-bedroom units measuring 614 sq ft to 1,981 sq ft, and two- to four-bedroom penthouses measuring 1,475 sq ft to 3,003 sq ft. It has a leasehold tenure of 99 years, and comprises five low-rise blocks.
The unit that sold on August 8 is the first apartment at Mon Jervois to change hands in nearly a year. The last resale transaction at the condo occurred on August 30, 2023, when a three-bedroom unit measuring 1,389 sq ft sold for $2.6 million ($1,872 psf). The seller, who had initially bought the unit in November 2017 for $3.3 million ($2,377 psf), incurred a loss of $700,000 on the deal. This is the biggest loss recorded on a resale transaction at the condo, according to caveats lodged.