Resale unit at The Oceanfront reaps $2.2 mil profit

15 Oct 2019 09:20 #25046 by toapayohlady
SINGAPORE (EDGEPROP) - The seller of a unit at The Oceanfront @ Sentosa Cove made the top gain of $2.2 million over the week of Sept 17 to 24. The 7,793 sq ft unit on the 13th floor was purchased for $8.19 million ($1,051 psf) in August 2006 and sold for $10.4 million ($1,334 psf) on Sept 20. Thus, the seller made a 27% profit, or an annualised profit of 2% over 13 years.

Located in District 4, The Oceanfront @ Sentosa Cove comprises 264 units on a 99- year leasehold and was completed in 2010. It is a 15-minute drive to Harbourfront MRT Interchange Station on the North-East Line and the Circle Line.

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