Resale Thomson 800 Three Bedroom Unit Nets 232 Mil Profit

Source: EdgePropPlease rewrite the article below.The top resale deal of the week in the period of June 10 to June 17 was the sale of a three-bedroom unit at Thomson 800. The 1,625 square feet apartment on the sixth floor was sold for $3.22 million or $1,980 per square foot on June 13. The previous owner had purchased the unit in May 2006 for $900,250 or $554 per square foot, resulting in a profit of $2.32 million (257.6%) after holding the unit for over 19 years.This transaction is the second most profitable resale deal at Thomson 800 so far. The highest gain was recorded from the sale of a 3,823 square feet unit for $5.38 million or $1,404 per square foot on April 15. The seller had originally bought the apartment in June 2007 for around $2.99 million, making a profit of $2.38 million (58.9%) after holding it for almost 18 years.On June 13, Thomson 800 hit a new high with the resale of a 1,625 square feet unit for $3.22 million. (Photo: ) Completed in 1999, Thomson 800 is a freehold condo located along Thomson Road in District 11. The development consists of three 20-storey towers offering three-bedroom apartments that range from 1,281 to 1,808 square feet. Additionally, there are also four-bedroom simplex and duplex penthouses that range from 3,757 to 5,823 square feet.Read also: Is it a Good Deal?: A four-bedder in Downtown Core sold at a loss of $2.057 millionAdvertisementAdvertisementApart from the transactions on June 13 and April 15, there have been two other profitable resales at Thomson 800 this year. On April 30, a 1,625 square feet unit was sold for $3.08 million or $1,895 per square foot, bringing in a profit of $2.16 million for the seller who bought it in September 1998 for $923,000 or $568 per square foot. In addition, on February 3, a 1,346 square feet apartment was sold for $2.54 million or $1,888 per square foot. The seller, who bought the unit in September 2011 for $2.12 million or $1,576 per square foot, recorded a $420,000 profit.The second most profitable condo resale of the week was the sale of a 1,302 square feet two-bedroom unit at Ocean Park for $2.8 million or $2,150 per square foot on June 12. The previous owner had purchased the unit in August 2001 for approximately $792,918 or $609 per square foot, making a profit of $2.01 million (253.1%) after owning it for almost 24 years.Built in 1984, Ocean Park is a freehold development located on East Coast Road, featuring 298 units that offer two- to four-bedroom apartments ranging from 1,302 to 3,897 square feet. Situated in District 15, the condo is a short walk from Marine Terrace MRT Station and is close to top schools such as Victoria Junior College at Marine Vista and Ngee Ann Primary School on Marine Terrace.A 1,302 square feet unit at Ocean Park was resold for $2.8 million on June 12, earning the seller a profit of $2.38 million. (Photo: Google Streetview) Currently, the most significant gain recorded for a unit at Ocean Park is the sale of a 2,110 square feet three-bedroom unit for $4.15 million or $1,967 per square foot in November last year. The unit had been bought in June 2003 for $1.05 million or $498 per square foot, resulting in a profit of $3.1 million or an annualised gain of 6.6% over 21 years.On the other hand, the least profitable transaction of the week was the sale of a 1,604 square feet three-bedroom unit on the 50th floor of Marina Bay Suites for $3.2 million or $1,995 per square foot on June 12. The unit was initially purchased for $4.47 million or $2,786 per square foot in May 2010, leading to a loss of $1.27 million or an annualised decline of 2.2% over slightly more than 15 years.A three-bedroom unit at Marina Bay Suites was sold for $3.2 million on June 12, resulting in a loss of $1.27 million. (Picture: Samuel Isaac Chua / )Since the beginning of this year, there have been six resale transactions at Marina Bay Suites, including the sale on June 12, but all resulted in losses. The biggest loss was recorded by the seller of a 2,056 square feet four-bedroom apartment on the 53rd floor, which was sold on June 2 for $4.08 million or $1,985 per square foot. The unit was bought in December 2012 for $6.14 million, resulting in a loss of $2.06 million.Read also: Four-bed unit at The Tessarina sold for $2.4 mil profitAdvertisementCompleted in 2013, Marina Bay Suites is a 99-year leasehold development located on Central Boulevard in the Marina Bay financial district. The two residential towers are part of the Marina Bay Financial Centre mixed-use complex, consisting of 221 units that offer three- and four-bedroom apartments ranging from 1,572 to 2,691 square feet. The condo is a short walk from Downtown, Raffles Place, and Bayfront MRT Stations. Check out the latest listings for Thomson 800, Marina Bay Suites, Ocean Park propertiesAsk BuddyCondo sale transactions in District 15Show me the site plan and diagrammatic chart for Marina Bay SuitesCondo projects with most profitable transactions in District 15Listings for sale for Marina Bay SuitesMost unprofitable landed transactions in past 1 yearCondo sale transactions in District 15Show me the site plan and diagrammatic chart for Marina Bay SuitesCondo projects with most profitable transactions in District 15Listings for sale for Marina Bay SuitesMost unprofitable landed transactions in past 1 yearRELATED NEWSPenthouse at Veranda sold for $1.67 mil profitResale unit at Buona Lodge sold for nearly $1.3 mil profitUnit at Claremont sold for $1.14 mil profit Source: EdgeProp
The most profitable resale deal of the week in the period of June 10 to June 17 was the sale of a three-bedroom unit at Thomson 800. The 1,625-square-foot apartment on the sixth floor was sold for $3.22 million ($1,980 psf) on June 13, making it the highest-grossing transaction during that time frame. The current owner had bought the unit for $900,250 ($554 psf) back in May 2006, resulting in a profit of $2.32 million (257.6%) after holding the unit for over 19 years.

This sale marks the second most profitable resale transaction at Thomson 800 to date. The highest gain recorded was from the sale of a 3,823-square-foot unit for $5.38 million ($1,404 psf) on April 15. The previous owner had purchased the apartment for approximately $2.99 million in June 2007, resulting in a profit of $2.38 million (58.9%) after holding it for almost 18 years.

Completed in 1999, Thomson 800 is a freehold condo located along Thomson Road in District 11. The development comprises three 20-storey towers, offering three-bedroom apartments ranging from 1,281 to 1,808 sq ft. There are also four-bedroom simplex and duplex penthouses ranging from 3,757 to 5,823 sq ft.

Apart from the transactions on June 13 and April 15, there have been two other profitable resales at Thomson 800 this year. On April 30, a 1,625 sq ft unit sold for $3.08 million ($1,895 psf), earning the seller a profit of $2.16 million after buying it in September 1998 for $923,000 ($568 psf). In addition, on February 3, a 1,346 sq ft apartment was sold for $2.54 million ($1,888 psf). The seller, who had purchased the unit in September 2021 for $2.12 million ($1,576 psf), made a profit of $420,000.

The second most profitable condo resale of the week was the sale of a 1,302 sq ft two-bedroom unit at Ocean Park for $2.8 million ($2,150 psf) on June 12. The previous owner had bought the unit in August 2001 for approximately $792,918 ($609 psf), making a profit of $2.01 million (253.1%) after almost 24 years of ownership.

Built in 1984, Ocean Park is a freehold development located on East Coast Road, with 298 units offering two- to four-bedroom apartments ranging from 1,302 to 3,897 sq ft. It is situated in District 15 and is within walking distance of Marine Terrace MRT Station, as well as being close to top schools such as Victoria Junior College at Marine Vista and Ngee Ann Primary School on Marine Terrace.

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