Waterside Condo City Fringe Gets $2.0M Profit Resale Unit

Related Article: Freehold Good Class Bungalow Located at Lornie Road Sold for $27 Million

Waterside Condo Tanjong Rhu Gets $2.0 Million Profit

Waterside Condo Tanjong Rhu Gets $2.0 Million Profit

Property investors tend to be highly profitable sometimes and the latest profit for September 15 of September 22 was a new development located in District 5 Singapore near to District 04 The Reef at King’s Dock and the development is called the waterside. The waterside is located at District 5 of Singapore and he was recently sold for $3.8 million to buy and this property was purchased in August 2000 for 1.48 million. A calculation shows that the annualised profit for the development was 20 years for a 4.8% profit per year.

The units are 2411 ft.² four-bedroom unit located on the 13th floor and this means that the owner has made a profit of 4.3% over 18 years making it one of the most profitable real estate transactions that was sought in recent years. The the site is located on Road near to District 15 and is a freehold development. It is located in the city fringe and therefore highly popular like The Reef at King’s Dock location which is located at Vivocity Shopping Centre. There are many schools that are located near to the waterside and therefore represents “development that is highly sought after by families. The Waterside is a resale unit located at the city fringe of Singapore.

Some of the schools to are located near to the waterside condo in Dunman High School as well as other amenities nearby including East Coast Park and Katong Park. This transactions show that city fringe developments are highly popular due to the profit potential as well as the transformation around the area. Also another property that is highly worthy is The Chuan which is a 99 year leasehold development that is located in the city fringe District 19 which is located near to District 04 as well. It is one of the few 99 year leasehold development of January a lot of profit. The profit generated for the seller was 1.8 million which is around 5.7% per year spread over 14 years. The Chuan also highly popular as it is also located near to many shopping centres as well as Lorong Chuan MRT Station.

This transactions showed that properties that are located at the city fringe tends to be very popular and near to amenities. The bigger the development, the higher the profit and therefore the developments such as waterside tends to have higher profit compared to smaller developments. City fringe locations such as Tanjong Rhu Road will be more popular. There are also many good schools such as Australian International School as well as St Gabriel’s Primary School.

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