One Amber, a freehold condo developed by UOL Group and Singapore Land Group in 2010, has witnessed an impressive record-breaking sale. During the week of August 22 to 29, a four-bedroom unit at One Amber fetched a remarkable profit for its seller. This 1,701 sq ft apartment, originally purchased from the developer in May 2006 for $1.32 million ($778 psf), changed hands for a staggering $3.75 million ($2,205 psf) on August 23. Holding the property for over 17 years allowed the seller to earn an astounding $2.43 million or 184% profit.
This transaction has marked the highest profitable record at One Amber thus far, surpassing the previous achievement in April. Another unit, spanning 1,378 sq ft, was sold at $2.95 million ($2,141 psf), generating a profit of $2.03 million for the seller. It’s worth noting that the unit was purchased in April 2006 for $919,800 ($668 psf).
Apart from this impressive sale, One Amber has seen eight profitable resale transactions this year. These units, ranging from 570 to 1,700 sq ft, were sold for prices between $1.2 million and $3.15 million ($1,900 and $2,390 psf). The respective sellers made gains ranging from $250,000 to $2.03 million.
With its four 23-storey towers and a total of 562 units, One Amber offers an array of one- to four-bedroom residences spanning from 570 to 3,100 sq ft. Additionally, luxurious four-bedroom penthouses range from 2,659 to 3,541 sq ft.
The impressive transactions at One Amber highlight this condo development’s investment potential, making it an enticing option for discerning buyers and investors alike.
The Myst at 800, 802 Upper Bukit Timah Road, sells 27% of units on launch weekend at average of $2,057 psf. See The Myst latest pricing.
During the past week, Butterworth 8 witnessed the second most lucrative transaction, capturing attention and excitement. The sale involved a 1,313 sq ft unit that exchanged hands for an astounding $2.45 million ($1,866 psf) on August 23. What’s truly remarkable is that the seller purchased this three-bedroom unit from the developer in March 2002 for a mere $898,590 ($684 psf). Holding on to the property for a remarkable 21½ years, the seller reaped a staggering profit of $1.55 million (173%)!
Notably, this transaction claims the second spot in the list of most profitable deals ever recorded at Butterworth 8. It is only surpassed by an astonishing sale earlier this year when a similar 1,313 sq ft, three-bedroom apartment fetched an impressive $2.48 million ($1,889 psf) on March 22. The seller of this particular unit, who purchased it at a significantly lower price of $798,000 ($608 psf) in August 2006, celebrated a remarkable gain of $1.68 million or a jaw-dropping 211%!
Located along Butterworth Lane, off Haig Road in District 15, Butterworth 8 is a prestigious freehold development comprising 216 units. Developed by Keppel Land, the project was completed in 2004 and offers a range of two-, three-, and four-bedroom units spanning 1,023 to 1,776 sq ft.
