Owner turns $6.6m profit on sale of Reflections at Keppel Bay unit, Money News & More Trending News


Several cooling measures have been launched over time to chill the property market.

Particularly, the Seller’s Stamp Duty (SSD) goals to curb short-term property hypothesis by taxing homeowners who promote their residential properties inside three years.

Still, that hasn’t stopped a small quantity of homeowners from promoting their properties inside a pair of years, and made an all-time excessive acquire throughout the respective developments.

While trying by means of the apartment transactions which have made all-time excessive positive aspects of their respective tasks, three transactions stood out to us.

Condo items that have been bought inside three years, and made an all-time excessive acquire of their respective tasks

Condo identify Floor space (sq ft) Purchase worth Purchase date Sale worth Sale date Capital acquire Estimated SSD* (tax fee) Estimated capital acquire after SSD
One Robin 1,905 $2.2m 22 Mar 2022 $3.75m 20 Oct 2022







Reflections At Keppel Bay 7,050 $11m 10 Sep 2021 $17.6m 12 Sep 2022







Parc Clematis 1,044 $1.72m 4 Oct 2020 $2.06m 10 Nov 2022







*SSD is charged on the sale worth or market worth, whichever is larger. For illustration functions, we assume the sale worth is the upper quantity to find out the SSD.

It’s price noting that each one three apartment items have been first bought within the final two years, at a time of sturdy property market.

At the identical time, the homeowners of these items have been capable of make an all-time excessive acquire inside their developments after they bought their items just lately.

Among these three transactions, the Reflections At Keppel Bay transaction stood out for its absolute quantum acquire of $6.6 million.

Given that the unit was bought simply two days after the one-year mark, the homeowners have been subjected to a decrease SSD fee of eight per cent, netting them an estimated acquire of $5.2 million.

Here’s a desk of the SSD fee payable with the corresponding holding interval.

Holding interval SSD fee
Up to 1 yr 12%
More than 1 yr and as much as 2 years 8%
More than 2 years and as much as 3 years 4%

Admittedly, these all-time excessive positive aspects don’t account for different admin prices such because the SSD and authorized prices. Still, even after deducting the SSD, the positive aspects are fairly substantial.

Nevertheless, we be aware that transactions with all-time excessive positive aspects throughout the respective developments are outliers, forming round eight per cent of 3,535 resale transactions tracked by our information group as of Nov 27, 2022.

So the three transactions we highlighted are much more of an anomaly, on condition that they have been first purchased within the final two years throughout a scorching property local weather.

When it involves promoting your property, whether or not it is purchased just lately or held for a few years, it is vital to recognise the present property local weather and look at the latest comparable transactions close by.

ALSO READ: Buyer’s and vendor’s stamp responsibility: What it’s best to know

This article was first revealed in 99.co.

Owner turns $6.6m profit on sale of Reflections at Keppel Bay unit, Money News

I’ve made it my mission to maintain you recent on all the newest happenings on this planet as of proper now, within the yr 2022, by means of this web site, and I’m sure that you will discover this to be an pleasurable expertise. Regardless of what the newest information might need to say, it stays a subject of intense curiosity.

It has at all times been our objective to speak with you and give you up-to-date information and details about the information at no cost. information about electrical energy, levels, donations, Bitcoin buying and selling, actual property, video video games, shopper traits, digital advertising and marketing, telecommunications, banking, journey, well being, cryptocurrency, and claims are all included right here. You preserve seeing our messages as a result of we labored laborious to take action. Due to the wide range of content material sorts, please don’t hesitate to

Owner turns $6.6m profit on sale of Reflections at Keppel Bay unit, Money News

I’m sure you will discover the information I’ve ready and despatched out to be fascinating and helpful; going ahead, we need to embody recent options tailor-made to your pursuits each week.

data with out going by means of us first, so we are able to present you the newest and biggest information with out costing you a dime. The two of you might be taught the specifics of the information collectively, supplying you with a leg up. We’ll get to the following step when a bit of time has gone.

Our objective is to maintain you recent on all the most recent information from across the globe by posting related articles on our web site, so that you could be at all times be one step forward. In this fashion, you will by no means fall behind the newest developments in that information.

Owner turns $6.6m profit on sale of Reflections at Keppel Bay unit, Money News

The information tales I’ve shared with you might be both utterly authentic or shall be utterly authentic to you and your viewers. Moreover, I’ve made all of this information accessible to each one of you, together with Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, and World News, so that you could be at all times be within the know, at all times be one step forward of the scenario, and at all times get at this time’s information. The path that’s two steps forward of the present one ought to at all times be taken.

Read Entire Article?

Scroll to Top