The 1,830 sq ft unit at The Anchorage changed hands for $3.14 million on May 12 is a freehold property by Frasers Property with 775 units across five residential blocks. Completed in 1995, it was the developer’s first residential project, and was a redevelopment of F&N Singapore’s old Anchor Brewery site. The condo is adjacent to the Anchorpoint Shopping Centre, which is located opposite Ikea Alexandra. The condo is also a 10-minute walk to the Queenstown MRT Station on the East-West Line.
Casuarina Cove saw the second-most profitable transaction during the week in review. This is the sale of a 1,528 sq ft, three-bedroom unit for $2.34 million on May 15. It was purchased by the seller for $928,000 in April 2002. Hence, they made a gain of $1.4 million after holding the apartment for slightly over 21 years.
Meanwhile, the most unprofitable transaction during the week in review was the sale of a four-bedroom apartment at Cliveden At Grange. The 2,842 sq ft unit changed hands for $8.1 million on May 15. It had been purchased by the seller in August 2007 for $9.5 million , which means they made a loss of $1.4 million, or 15%, over a holding period of nearly 16 years.
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