One Amber four-bedroom makes $1.98 mil

One Amber is a condo with freehold ownership located in the DpFraternity office, Zone 15. One Amber was finished in 2010 after being developed by UOL Group and Singapore Land Group. There are 562 apartments in four 23-story towers, ranging in size from 570 to 3,514 square feet. The future Tanjong Katong MRT Station on the Thomson-East Coast Line is within walking distance from One Amber.

The sale of The Shelford on Shelford Road in District 11 was the week’s second-most lucrative. On March 20th, a two-bedroom condo with 1,055 square feet sold for $2.28 million ($2,161 per square foot). About $735,300 ($697 psf) was paid in August of 2004 to acquire it directly from the developer to mid age career switch. As a result, the seller made $1.54 million (2 10%) after keeping the property for around 1812 years. This transaction establishes a new psf record for the project.

The Shelford has had three sales of previously owned units so far in 2018. Both of the other March dealings yielded a profit as well. A 1,033-square-foot condo sold on March 21 for $2.4 million ($2,323 psf). The seller made a profit of $1.38 million after purchasing the property in April 2007 for $1.03 million ($992 psf). On March 3, a 1,399-square-foot condo sold for $3.18 million ($2,273 psf), netting the seller a profit of $580,000. In September 2018, they paid $2.6 million ($1,858 psf) to purchase the flat.

Condos at The Shelford are owned outright, having been built in 2005. It was built by CapitaLand and has 215 apartments spread out amongst seven low-rise buildings. There are units ranging in size from 732 to 2,411 square feet in this development. The complex is situated at the crossroads of Dunearn Road and Adam Road, providing convenient access to the Botanic Gardens, the Serene Centre, and the Adam Food Centre, among other local conveniences.

Meanwhile, a four-bedroom flat at Marina One Residences was involved in the most unprofitable sale throughout the study period. The 2,045-square-foot apartment sold for $5.8 million on March 16 ($2,836 psf). After 1.5 years, the seller lost $562,000 (8.8%) on the purchase of the unit they made for $6.36 million ($3,111 psf) in September 2021.

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