22 Aug '16, 6am

$1.4 mil loss at Reflections at Keppel Bay | The Edge Property Singapore

$1.4 mil loss at Reflections at Keppel Bay | The Edge Property Singapore

Two sellers in District 4 sustained hefty losses from the sale of their houses on Aug 4. Both had previously purchased the units in 2007. The bigger loss of $1.4 million was traced to a 2,637 sq ft unit at Reflections at Keppel Bay . The seller purchased the unit from the developer in August 2007 at $2,125 psf and resold it at $1,593 psf. This is the biggest loss sustained at the project since April 2012, when a 4,747 sq ft unit changed hands at a loss of $1.58 million. The transaction also marks the eighth unprofitable deal at the project this year. Of the 16 homes sold at the project this year, only three were profitable. Reflections at Keppel Bay is a 99-year leasehold development comprising 1,129 units on Keppel Bay View. It was completed in 2011. The smaller loss of $726,450 was from a 1,711 sq ft unit at The Oceanfront @ Sentosa . The unit was purchased in October 20...

Full article: http://www.theedgeproperty.com.sg/content/14-mil-loss-ref...

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