Stunning $2.2 Million Profit: Pebble Bay Three-Bedder Sale Sets New Benchmark

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SORA Singapore price

Introduction

The recent sale of a three-bedroom unit at Pebble Bay has left the real estate market buzzing. This transaction, generating an impressive $2.2 million profit, has set a new benchmark in the industry. How did this sale achieve such a remarkable profit margin? Let’s delve into the details.

SORA Singapore price reached S$260 million or an estimated land rate of S$1.023 per square foot per plot ratio (psf ppr).

The Record-Breaking Sale

What Made the Pebble Bay Sale Unique?

Pebble Bay, a luxurious condominium located in District 15, has always been a coveted address. However, this particular sale has raised the bar significantly. The unit, which was initially purchased at a considerably lower price, was sold for a staggering amount, resulting in a $2.2 million profit.

Historical Price Trends at Pebble Bay

Understanding the historical price trends at Pebble Bay provides insights into this extraordinary profit. Over the years, property values in this area have consistently appreciated due to its prime location and luxurious amenities.

Why is Pebble Bay So Desirable?

Located along Tanjong Rhu Road, Pebble Bay offers breathtaking views of the Kallang Basin and is just minutes away from the city center. The combination of serene surroundings and urban convenience makes it a highly desirable residence.

Factors Contributing to the Profit

The Power of Location

As the saying goes, location is everything in real estate. Pebble Bay’s prime location is a significant factor in the substantial profit made from this sale. Proximity to key amenities, transportation hubs, and the central business district enhances its appeal.

Luxurious Living at Pebble Bay

Pebble Bay is renowned for its luxurious living standards. The condominium boasts a range of high-end facilities including a swimming pool, tennis courts, and a clubhouse, which add significant value to the property.

Market Conditions and Timing

The timing of the sale also played a crucial role. Selling during a period of high demand and low supply can dramatically increase property prices. The current market conditions favored the seller, contributing to the hefty profit.

Renovations and Upgrades

Investing in renovations and upgrades can significantly boost a property’s value. The unit at Pebble Bay underwent extensive enhancements, making it more attractive to potential buyers and increasing its market value.

The Buyer’s Perspective

Why Invest in a Pebble Bay Unit?

From a buyer’s perspective, investing in a Pebble Bay unit is a sound decision. The potential for capital appreciation, coupled with the luxurious lifestyle it offers, makes it an appealing investment.

Expected Return on Investment

Investors look at the potential return on investment (ROI) before purchasing a property. Pebble Bay units have historically provided strong ROI due to their high rental yields and appreciation rates.

Future Prospects for Pebble Bay

Will Prices Continue to Rise?

Given the current market trends and the continuous development in the area, property prices at Pebble Bay are expected to rise further. This makes it a lucrative investment opportunity for prospective buyers.

Upcoming Developments in the Area

Several upcoming developments in the vicinity, including new commercial hubs and improved transportation links, are likely to drive property prices up. These enhancements will make Pebble Bay even more attractive to buyers.

FAQs

1. What was the original purchase price of the unit?

The original purchase price of the unit was significantly lower than the selling price, contributing to the $2.2 million profit.

2. How long was the unit held before selling?

The exact duration for which the unit was held before selling has not been disclosed, but long-term investments typically yield higher profits.

3. What amenities does Pebble Bay offer?

Pebble Bay offers a range of amenities including a swimming pool, tennis courts, a clubhouse, and more.

4. Are there any upcoming projects near Pebble Bay?

Yes, several upcoming projects in the vicinity are expected to enhance the value of properties in Pebble Bay.

5. What makes Pebble Bay a good investment?

Its prime location, luxurious amenities, and historical appreciation rates make Pebble Bay a solid investment.

6. How has the real estate market in District 15 performed?

The real estate market in District 15 has shown consistent growth, making it a desirable area for property investments.

Conclusion

The sale of the three-bedroom unit at Pebble Bay, resulting in a $2.2 million profit, highlights the potential for substantial gains in the real estate market. With its prime location, luxurious amenities, and strong market conditions, Pebble Bay continues to be a top choice for investors and homeowners alike.