Four-bedder at The Ritz-Carlton Residences in Jalan Loyang Besar EC nets $4.9 mil profit.
The school offers a variety of co-curricular activities to help students explore their interests and develop their skills. With its strong emphasis on values and character development, Pasir Ris Primary School is a popular choice among parents and residents living in the Jalan Loyang Besar EC area.
Nestled within the Jalan Loyang Besar EC area, Pasir Ris Primary School is a highly sought-after educational institution that offers a well-rounded education to its students. Located just a short distance away from the Jalan Loyang Besar EC development, this school is known for its holistic education approach that focuses on both academic excellence and character development.
At Pasir Ris Primary School, students are not only encouraged to excel academically, but also to cultivate their interests and talents through a wide range of co-curricular activities. From sports and performing arts to clubs and societies, there is something for every student to explore and develop their skills.
What sets Pasir Ris Primary School apart is its strong emphasis on values and character development. The school believes in nurturing well-rounded individuals who not only excel in their academics, but also possess strong moral values and character. This has made it a top choice among parents and residents living in the Jalan Loyang Besar EC area.
With its prime location and excellent education standards, Pasir Ris Primary School is a great option for families looking for a quality education for their children. Its close proximity to the Jalan Loyang Besar EC development makes it a convenient choice for families residing in the area, providing easy access for students to attend school and for parents to be involved in their child’s education.
for sale in Jalan Loyang Besar EC.However, it is important to note that these profitable and unprofitable transactions are not necessarily reflective of the overall market sentiment. It could be influenced by various factors such as the location, size, condition, and tenure of the property, as well as the sellers’ own motivations. The sale of a four-bedroom unit at The Ritz-Carlton Residences Singapore Cairnhill was the most profitable condo resale transaction during the week of Jan 9 to 16.The 3,057 sq ft unit located on the 33rd floor changed hands for $16.5 million ($5,397 psf) on Jan 9. Caveats lodged with URA show that the seller had purchased the unit for $11.6 million ($3,795 psf) in February 2016. This means that they raked in a gain of $4.9 million on the transaction, which works out to a capital gain of 42% after owning the unit for just under eight years.The unit is one of two adjacent apartments that were sold on Jan 9 to a couple who are Singapore permanent residents. The other unit also measures 3,057 sq ft and was sold at the same price of $16.5 million. The price paid by the seller when they acquired the apartment cannot be ascertained as no prior caveats were lodged for the unit with URA.The sale of the two units marks a new record in terms of psf prices at The Ritz-Carlton Residences since its launch in December 2007.Based on available caveats, data compiled on EdgeProp Research shows the Jan 9 transaction is one of two profitable resale transactions that have taken place to date at the development. The other was the sale of a 3,057 sq ft unit for $15 million ($4,907 psf) in October 2021. The seller, who acquired the unit in Jan 2018 for $11.48 million ($3,755 psf), netted a gain of $3.52 million on the transaction.Read also: Resale at The Ritz-Carlton Residences sets new high of $5,397 psfAdvertisementThe 3,057 sq ft unit at The Ritz-Carlton Residences Singapore Cairnhill was sold for $16.5 million on Jan 9 (Picture: Samuel Isaac Chua/)The Ritz-Carlton Residences is a 58-unit luxury condo located at 65 Cairnhill Road. It was completed in 2011 and includes three-bedroom apartments of 2,831 sq ft and four-bedroom apartments of 3,057 sq ft. On the 34th floor are two junior penthouses of 3,574 sq ft each, while the 35th and 36th floors are occupied by two duplex penthouses of 6,501 sq ft each.The second most profitable condo resale transaction during the week in review took place at The Waterina. A 1,313 sq ft, three-bedroom unit on the seventh floor was sold for $2.5 million ($1,904 psf) on Jan 11. The seller, who purchased the unit from the developer in May 2002 for about $767,000 ($584 psf), made a profit of $1.73 million (226%) on the sale. They had owned the apartment for nearly 22 years.This is the most profitable resale transaction at The Waterina so far. It beats the previous record established in July 2023 when a 1,346 sq ft unit was sold for $2.48 million ($1,843 psf). It had been purchased by the seller from the developer in May 2002 for about $855,000 ($636 psf). Hence, they seller made a profit of $1.62 million on the sale. The unit sold on Jan 11 also marks a new psf-price high for the development.A 1,313 sq ft unit at The Waterina fetched $2.5 million ($1,904 psf) on Jan 11, netting the seller a profit of $1.73 million (Picture: Samuel Isaac Chua/)The Waterina is a 398-unit freehold condo on Lorong 40 Geylang, off Guillemard Road in District 14. Built in 2005, it consists of 12 blocks of one- to four-bedders measuring 635 to 2,142 sq ft.On the other hand, The Rochester Residences saw the sole unprofitable condo resale transaction during the week in review. A one-bedroom loft unit measuring 1,281 sq ft fetched $1.64 million ($1,279 psf) on Jan 12. The seller bought the unit from the developer in August 2007 for $1.82 million ($1,420 psf). Thus, they made a loss of around $181,000 or 10% after holding the apartment for nearly 16½ years.This is the second consecutive week a unit at The Rochester Residences has topped the list of unprofitable condo resale transactions. During the previous week (covering caveats lodged between Jan 2 and 9), the condo saw the sale of a three-bedroom-plus-study penthouse unit for $4.15 million ($1,105 psf) on Jan 5. The seller of the 3,757 sq ft unit, who bought it for $4.7 million ($1,250 psf) in December 2007, made a loss of around $546,000.Read also: Four-bedder at Camelot By-The-Water rakes in $3.3 mil profitAdvertisementThe sale of a 1,281 sq ft unit at The Rochester Residences (tallest building in picture) for $1.64 million ($1,279 psf) on Jan 12 made a loss of around $181,000 (Picture: Samuel Isaac Chua/)The Rochester Residences is a 366-unit condo on Rochester Drive in District 5. Built in 2011, it consists of a single 37-storey tower located above Rochester Mall. Units at the 99-year leasehold development include one-bedders from 840 to 1,281 sq ft, two-bedders from 1,206 to 1,625 sq ft, and three-bedroomplus-study units of 1,679 to 2,120 sq ft. There are also penthouses of 2,411 and 5,210 sq ft. Check out the latest listings for The Ritz-carlton Residences Singapore Cairnhill, The Waterina, The Rochester Residences properties for sale in Jalan Loyang Besar EC.However, it is important to note that these profitable and unprofitable transactions are not necessarily reflective of the overall market sentiment. It could be influenced by various factors such as the location, size, condition, and tenure of the property, as well as the sellers’ own motivations.Jalan Loyang Besar EC is an upcoming Executive Condominium (EC) situated at Loyang Besar Close in District 17. With approximately 650 residential units, Jalan Loyang Besar EC boasts extensive amenities and modern facilities for the ultimate luxurious living experience. The developer for Jalan Loyang Besar EC is none other than ZACD Group Ltd, a reputable real estate developer in Singapore. With its strategic location, Jalan Loyang Besar EC provides easy access to Changi Airport, Tampines Regional Centre and Singapore Expo. Jalan Loyang Besar EC is also located near multiple educational institutions, such as The Japanese School Changi Campus, Dunman Secondary School, and Elias Park Primary School. Therefore, couples with children can rest assured that Jalan Loyang Besar EC is perfect for their growing family. So why wait? Register your interest now to experience luxurious living at Jalan Loyang Besar EC.
