News > 4-bedder at The Esta recorded 211% in total capital gain | 9-16/4 Weekly Property Market Updates
4-bedder at The Esta recorded 211% in total capital gain | 9-16/4 Weekly Property Market Updates
23 April 2024
On April 12th, a 4-bedroom unit situated on middle floor at The Esta recorded $2.43 million in profit after being held for 218 months. The transacted price was $3.6 million for an area of 1,593 sqft, which translates to $2,259 PSF – 2nd highest transacted PSF for 4-bedroom within this development. This is the most profitable transaction of all time within this project, surpassing a transaction in August 2009 of a 5-bedder on top floor, which saw a gain of $2.142 million, or 29% annualised capital gain, after being held for just 42 months.
The Esta proved to be a good investment choice with a healthy record: since May 2021, there has been 37 transactions, all are profitable, with an average of $1.17 million in profit and 82% in total capital gain. This demonstrates The Esta's reliability and potential for substantial returns, making it an attractive option for investors seeking stability and growth in the real estate market.
The Esta is a freehold condo in D15 Marine Parade. Completed in 2008, it has a total of 401 units, ranging from 2-4 bedrooms and 5-bedroom penthouses. Average transacted PSF ranges from $1,798 - $2,051 in the past 3 years. The condo is conveniently located approximately 500 metres away from Tanjong Katong and Marine Parade MRT station. Within 2-km radius, there are 10 schools including Tanjong Katong Primary School, Haig Girl’s School, Kong Hwa School, etc.
Following is a 3 bedder positioned on high floor at Martin Place Residences, which achieved a total gain of $2.33 million over a holding period spanning 178 months. This transaction became the most profitable transaction ever recorded for 3-bedroom units within the project, surpassing a unit on low floor – which recorded a gain of $1.9 million in September 2022.
Martin Place Residences is a freehold condo in D09 River Valley. Completed in 2011, it has a total of 302 units, ranging from 1-4 bedrooms and 8 5-bedroom penthouses, transacted at an average of $2,273 - $2,566 PSF in the past 3 years. The condo is conveniently located 10-minute walk from Great World, Somerset, Fort Canning and Havelock MRT station, and is surrounded by 13 schools within a 2-km radius, including River Valley Primary School and Outram Secondary School.
*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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