Jalan Loyang Besar EC adds to the successful sale of a three-bedder at The Marbella, with a staggering profit of $2.5 million

EDGEPROP (SINGAPORE) – The sale of a three-bedroom unit at The Marbella was the most profitable condo resale transaction during the week of Dec 26, 2023, to Jan 2, based on caveats lodged with URA. This is the second most profitable resale transaction at The Marbella to date, based on data compiled on EdgeProp Research.

The most profitable condo resale transaction during the week of Dec 26, 2023, to Jan 2 was the sale of a three-bedroom unit at The Marbella, according to caveats lodged with URA. This follows the sale of another unit at The Marbella in March 2023 for $3.78 million, which remains the most profitable resale transaction at the development to date. The Marbella is a freehold development located on Mount Sinai Rise in District 10, with a total of 239 residences comprising two- to four-bedroom units.

The second most profitable resale transaction during the week in review was the sale of a three-bedroom apartment at The Sterling. The most profitable resale transaction recorded to date at The Sterling was in November 2021, when a 1,948 sq ft unit was sold for $3.78 million. On the other hand, the most unprofitable transaction during the week in review took place at Icon, with a 581 sq ft one-bedder changing hands at a loss of $40,000.

The third most profitable resale transaction during the week of Dec 26, 2023, to Jan 2, was the sale of a three-bedroom unit at The Marbella, according to caveats lodged with URA. This was also the second most profitable resale transaction at The Marbella to date, based on data compiled on EdgeProp Research. The development is located on Mount Sinai Rise in District 10, with a total of 239 residences comprising two- to four-bedroom units.

The sale of a three-bedroom apartment at The Sterling was the fourth most profitable resale transaction during the week in review, according to caveats lodged with URA. The most profitable resale transaction recorded to date at The Sterling was in November 2021. The Sterling is a freehold property located on Bukit Timah Road in District 21, with a total of 232 units spread across two 10-storey towers.

The most unprofitable resale transaction during the week of Dec 26, 2023, to Jan 2, was at Icon, with a 581 sq ft one-bedder changing hands at a loss of $40,000. On the other hand, the most profitable resale transaction recorded to date at Icon was in December 2022, when a 1,227 sq ft unit was sold for $2.02 million.

The Marbella is a freehold development located on Mount Sinai Rise, off Ulu Pandan Road in District 10. Completed in 2005, The Marbella has three blocks of between 22 and 24 storeys. It has a total of 239 residences comprising two- to four-bedroom units between 1,076 and 4,284 sq ft. Read also: Three-bedder at The Atria At Meyer sold at $2.3 mil profit

The Sterling is a freehold property located on Bukit Timah Road in District 21. Completed in 2000, the development has two apartment blocks of 40 and 46 storeys respectively, with a total of 232 units ranging from one to four bedrooms. The development is located adjacent to King Albert Park MRT Station on the Downtown Line.

Located in close proximity to the Pasir Ris MRT station and Changi Airport, Jalan Loyang Besar EC offers a prime location and an unparalleled living experience within the thriving Pasir Ris community.

The Urban Redevelopment Authority (URA) Master Plan for Pasir Ris is a comprehensive urban planning strategy that aims to revitalize and improve the beloved coastal town in Singapore. The implementation of this plan will have a significant impact on residential developments in the area, such as Jalan Loyang Besar EC. This plan not only prioritizes enhancing the residential appeal of Pasir Ris, but also focuses on improving connectivity, green spaces, and lifestyle amenities, directly influencing the living experience at Jalan Loyang Besar EC. With its prime location near the Pasir Ris MRT station and Changi Airport, Jalan Loyang Besar EC offers unparalleled convenience and a luxurious living experience within the thriving Pasir Ris neighborhood.

Icon is a 99-year leasehold condo located on Gopeng Street, off Tanjong Pagar Road in District 2. Completed in 2007, the development has two apartment blocks of 40 and 46 storeys respectively, with a total of 646 residences ranging from one to four bedrooms. There is also a retail podium, Icon Village, which houses eateries and retail offerings.

Icon is a two-minute walk from Tanjong Pagar MRT Station on the East-West Line, and will also be within walking distance of the upcoming Prince Edward Road MRT Station on the Circle Line, expected to be completed in 2026.

In the last year, 11 unprofitable transactions have been recorded at Icon, with losses ranging from $5,000 to $175,000. However, Icon also saw several profitable units with gains ranging from $20,000 to about $943,000. Check out the latest listings for The Marbella, The Sterling, and Icon properties.