Author: leahlim   |   Latest post: Fri, 7 May 2021, 1:08 PM


Four-bedroom unit at Costa Rhu reaps $2.14 mil profit

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SINGAPORE (EDGEPROP) - A four-bedroom unit at Costa Rhu in District 15 changed hands for $3.15 million ($1,421 psf) on April 14, netting its seller the highest profit during the week of April 13 to 20. The 2,217 sq ft unit on the third floor was bought in September 1998 for $1.01 million ($458 psf). The seller earned a 210% profit of $2.14 million, which is annualised at 5.1% over 22½ years.
Costa Rhu is a 99-year leasehold development by Amcol Gardens. It was completed in 1998 and comprises 737 units spread over four 17-storey buildings. The waterfront project will be within minutes by foot to the upcoming Tanjong Rhu MRT Station on the Thomson-East Coast Line.


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