One Amber’s four-bedroom apartment sold for $2.4 million profit

A four bedroom apartment located at One Amber was the most profitable condo resales during the week from Aug 22-29, according to caveats that were filed with URA. The 1,701 square foot unit was sold at $3.75 million ($2,205 per square foot) on August 23. The apartment was purchased from the buyer in the month of May 2006, from developer developer in May 2006 for $1.32 million ($778 per sq ft). The seller brought into a profit of $2.43 million, or 184% after occupying the property for just a little more than 17 years.

This is the highest-profit transaction to date recorded at One Amber according to the data collected by EdgeProp Research. It surpasses the previous record set in April when the vendor of a 1,378 square foot unit earned $2.03 million after selling it for $2.95 million ($2,141 per square foot). The seller purchased the unit in April for $919,800 ($668 per square foot).

Watten House, an outstanding mansion intended to fulfill modern living expectations, spans 220,241 square feet on a residential land approved by the Urban Redevelopment Authority.

One Amber is a freehold condominium that was built at the end of 2010 in 2010 by UOL Group and Singapore Land Group. It consists of four 23-story towers, totalling 562 units. The condo is comprised of one-to four-bedroom apartments ranging from 570 to 3,100 sq feet. There are penthouses with four bedrooms with a range of 2,659 to 3,541 square feet.

The company has recorded eight more sold-to-resale transactions reported to date during the current year by One Amber All of which were profitable. Information gathered from EdgeProp Research shows that the units, ranging from 170 to 1,700 square feet and ranging from 570 to 1,700 sq ft, were sold for $1.2 million to $3.15 million or between $1,900 to $2,390 per square foot. The sellers’ gains between $250,000 and $2.03 million.

Butterworth 8. witnessed the second-most profitable sale during the week-in-review by securing the 1,313 square feet unit in the price of $2.45 million ($1,866 per sq ft) on August 23. The three-bedroom property was bought by an developer on March 22, 2002. $898,590 ($684 per square foot). The seller earned the profit in the amount of $1.55 millions (173%) after holding the property over 21 years. It is the second-most profitable deal recorded at Butterworth 8 so far. The most profitable transaction in the development took place earlier in the year in which an 1,313 sq ft three-bedroom unit was sold to a buyer for $2.48 million ($1,889 per square foot) on the 22nd of March. The buyer, who bought the property on August 6, 2006, for $798,000 ($608 per sq ft) gained a profit of $1.68 million, or the equivalent of 211% in the sale.

Butterworth 8 is a 216-unit freehold development situated on Butterworth Lane, off Haig Road in District 15. The development was completed on the 15th of April the year 2004 by Keppel Land, the development includes three blocks housing two, three and four-bedroom homes ranging from 1 023 to 1,776 sq feet.

The purchase of two bedrooms unit in Eon Shenton is the least profitable transaction of the week-long analysis. The apartment of 689 square feet located on the 23rd level was sold at $1.52 million ($2,206 per square foot) on the 25th of August. The unit was purchased in the month of October 2012 by developer developer in exchange for $1.54 million ($2,233 per sq ft). This means that the seller suffered the loss of $18,200 which is 1.2% over a holding for nearly 11 years.

Six additional units have changed hands since the present date at Eon Shenton Five of them have traded below cost of purchase. The units, which range from 548 and 1,044 square feet they were sold for losses that ranged from $106,900 to $129,900.

The project was completed in the year 2017. Eon Shenton is a 99-year leasehold development that consists of shops and offices in a strata in a 32-storey building. It was developed in partnership with Roxy-Pacific Holdings, it was completed in the year 2017. There are 132 houses in the tower, which include three and two-bedroom units with a range of 527- 1,087 sq feet. Penthouses range from 1,044 to 1,249 square feet.

Eon Shenton is a six-minute walk from Tanjong Pagar MRT Station on the East-West Line and right across the street from the planned Prince Edward Road MRT Station on the Circle Line, which will be a two-minute walk away.