Aspect |
Rivershire (District 9) |
Marina One Residences (District 1) |
---|---|---|
Purchase Date & Price |
May 1999: $1.38M ($661 psf) |
May 2017: $7.1M ($3,157 psf) |
Sale Date & Price |
May 2025: $4.32M ($2,069 psf) |
May 2025: $6.4M ($2,845 psf) |
Profit / Loss |
Profit: $2.94M (213%) over 26 years |
Loss: $703K over 8 years |
Annualised Return |
4.5% |
-1.3% |
Key Success Factors / Issues |
- Long holding period, rode out market cycles - Freehold in prime CCR - Large unit (2,088 sq ft) - Limited supply (74 units) - Improved location: near Great World MRT & River Valley Primary |
- Bought near peak price - New launch premium dropped - Rental income low vs price paid - Bought after cooling measures - ABSD and rising interest rates hurt luxury demand |