Four-bedder at One Amber sold at $2.4 mil profit

A four bedroom unit One Amber which was recently sold become the most profitable condo resale transaction during the week of Aug 22 to 29, based on caveats lodged with URA. The condo unit with 1,700 square feet in size was sold for $3.75 million ($2,205 psf) on Aug 23. the seller had previously purchased this unit from developer in May 2006 for $1.32 million ($778 psf), translating to a gross profit of $2.43 million or 184% after holding the apartment for slightly over 17 years by the seller. based on data compiled on EdgeProp Research, This is the most profitable transaction recorded to date at One Amber. the previous record established in April when the seller of a 1,378 sq ft unit made a profit of $2.03 million after selling it at $2.95 million ($2,141 psf) was smashed thoroughly. The seller had purchased the unit in April 2006 for $919,800 ($668 psf). built in 2K10 by UOL Group and Singapore Land Group, One Amber is a freehold condo with multiple layout from four 23-storey towers with a total of 562 units. The condo has a mix of one- to four-bedroom units of 570 to 3,100 sq ft. There are also four-bedroom penthouses of 2,659 to 3,541 sq ft. The second most profitable resale transaction during the week in review with the sale of a 1,313 sq ft unit in Butterworth condominium for $2.45 million ($1,866 psf) on Aug 23. Previously purchased from the developer in March 2002 for about $898,590 ($684 psf), The seller rake in a profit of $1.55 million (173%) after holding the unit for 21½ years. This is Butterworth’s second most profitable transaction registered to date. The development most profitable transaction occurred earlier this year, when a 1,313 sq ft, three-bedroom apartment was sold for $2.48 million ($1,889 psf) on March 22. The seller previously purchased the unit for $798,000 in August 2006,translating to a capital appreciation of $1.68 million or 211% on the transaction.

 LIV@BT Condo Location Map singapore

 LIV at BT Condo Location Map singapore

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