News > $2.43 million in profit for a 3 bedder at Pebble Bay on Tanjong Rhu
$2.43 million in profit for a 3 bedder at Pebble Bay on Tanjong Rhu
10 September 2024
A 3 bedder at Pebble Bay Condo recorded a gain of $2.43 million
On August 30, 2024, a 3-bedroom unit at Pebble Bay Condo on Tanjong Rhu Road recorded a remarkable gain of $2.43 million after being held for 260 months, translating to a total capital gain of 209%. The unit, located on the 13th floor and spanning 1,894 sqft, was sold for $3.59 million ($1,894 PSF). This transaction marks the second-highest percentage gain ever recorded at Pebble Bay Condo, just behind a sale in May 2024, where another 3-bedroom unit on the 14th floor achieved a percentage gain of 228% after 236 months of holding.
Pebble Bay is a 99-year leasehold condominium that was completed in 1997, leaving approximately 69 years of lease remaining. Situated in District 15, the development comprises 510 units and predominantly offers 1- and 4-bedroom layouts. Over the past three years, units at Pebble Bay have transacted at an average of $1,472 to $1,844 PSF. The development enjoys a prime location, being just a 3-minute walk from Tanjong Rhu MRT station and a 10-minute walk to Stadium MRT station. It is also conveniently close to National Stadium and shopping malls like Kallang Wave, Leisure Park Kallang, and the Singapore Sports Hub.
Image: Pebble Bay Condo on Map View. Source: RealInsight
A 1-bedroom unit at The Peak @ Cairnhill I Condo recorded a loss of $432K
In contrast, the largest loss of the week occurred at The Peak @ Cairnhill I Condo, where a 1-bedroom unit on the 12th floor recorded a loss of $432,530 after being held for 165 months, translating to an annual loss of 5%. The unit, spanning 689 sqft, was sold for $1.35 million ($1,960 PSF). This sale represents the second-largest loss at The Peak @ Cairnhill I in 2024, trailing behind another 1-bedroom unit on the 10th floor, which posted a $589,500 loss in June 2024.
The Peak @ Cairnhill I is a freehold condominium located in District 09, completed in 2014. The project comprises 52 units, offering a mix of 1- and 2-bedroom configurations. Over the past three years, units have transacted at an average of $2,089 PSF. Nestled along Cairnhill Circle, the development provides easy access to prominent international schools such as NPS International School, Furen International School, and EtonHouse International Pre-school Claymore. Additionally, it offers quick access to Orchard Road, Singapore’s famous shopping district, making it an attractive option, especially for expats seeking a luxurious lifestyle and convenient location.
Image: The Peak @ Cairnhill I Condo on Map View. Source: RealInsight
*Data is accurate as of the published date of this article.
*Disclaimer: Our real-time database is updated every time a transaction is submitted by an agency. While we strive to maintain the accuracy and completeness of the data, please note that transactions may not always be completed, and information provided may be subject to change or error.
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