Whether you're thinking of selling your home or checking out investment prospects, here's a history you can use: we've picked out the top 10 most profitable developments based on the past year's transactions. And while you know the cliche saying (past performance is not an indicator of future returns, etc.), this still provides a convenient shortlist to start on: Reflections...
Reflections at Keppel Bay is a bit of a Dr. Jekyll and Mr. Hyde case, having also been featured in the biggest condo losses in 2022/23 as well. Frankly speaking, Reflections at Keppel Bay has a terrible track record in terms of profitability. To date, this condo has seen 72 profitable transactions to 185 losses.
This leads us to conclude that, for someone to pay such an exorbitant price, it must be down to the specific unit rather than the overall project. In this case, we can see it's a unique penthouse unit , larger than even some landed properties. The buyer is likely not an investor, but simply an affluent homeowner looking for an indulgence.
The location is one of the best, with The Oceanfront being as close up to the sea as a project can get; it's right along Ocean Drive. It's a reasonably short walk to Ocean Way, where you'll find Quayside Isle - there's a Jason's here for groceries along with a variety of restaurants. Note that the gains may be at least partially due to the opening of Great World MRT , which started operations last year. Prior to this, residents had to walk all the way to Somerset MRT to take the train.
Unit sizes here are massive, as you'd expect from an older condo — most range from 1,314 to 3,000+ sq ft. . Unfortunately, this means that even with a low price psf , even the smallest units sometimes see a quantum of close to $2 million. The bulk of the transactions has also hovered around $2.8 million, pricing out most HDB upgraders.Cairnhill Plaza is actually as old as Pandan Valley above, a fact that often goes unnoticed .
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