Author: leahlim   |   Latest post: Fri, 5 Mar 2021, 3:01 PM


Four-bedroom unit at St Regis Residences incurs $3.2 mil loss

Author:   |    Publish date:

SINGAPORE (EDGEPROP) - The top loss of the week during the week of Dec 29, 2020, to Jan 5, 2021, was incurred by the seller of a four-bedroom unit on the seventh floor at St Regis Residences Singapore in District 10. The 2,594 sq ft unit was bought in December 2007 for $8 million ($3,084 psf) and sold on Jan 5 for $4.8 million ($1,850 psf). The seller therefore saw a 40% loss of $3.2 million, which is annualised at 3.8% over 13 years.
St Regis Residences Singapore is a 173-unit condominium along Tanglin Road. Developed by City Developments, it is located next to The St Regis Singapore hotel and is a short drive to the Orchard Road shopping belt and Tanglin Mall. The 999-year leasehold project was completed in 2008.


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