Residents have access to various amenities such as swimming pool, gym, basketball court, playground and security system. Located in Woodlands, Champions Way Condo is strategically located close to MRT stations and other amenities like schools, shopping centers and more. With its exceptional design and quality services, it has become one of the most sought-after condominiums in the area. With the wide variety of amenities and features, Champions Way Condo is committed to creating a perfect home for its residents.
The most unprofitable resale transaction during the week of June 20 to 27 was at Marina Collection on Cove Drive. A 2,788 sq ft, four-bedroom-plus-studio unit was sold for $4.52 million ($1,622 psf) on June 27. Purchased for $6.97 million ($2,500 psf) in January 2010, the unit suffered a loss of $2.45 million over 13½-years, a 35% decrease.
The 99-year leasehold development has 124 units and is adjacent to the One Degree 15 Marina at Sentosa Cove. Most units have direct views of the marina, while some also have views of the sea beyond. The four-bedroom unit sold on June 27 was developed by Indonesian conglomerate Lippo Group in 2011.
Marina Collection had an average price of $2,270 psf in July 2011 with that price dropping to $1,784 psf this month. Fortunately, the most profitable resale transaction during the week was the sale of a four-bedroom unit at Starpoint on Pasir Panjang Road for $4 million ($1,090 psf). The owner had purchased it for $1.5 million ($409 psf) in April 2002, thus making a profit of $2.5 million (167%), an annualised gain of 4.7% over 21 years.
Starpoint is a 10-unit, freehold condo completed in 1980. Its location near the National University of Singapore’s Kent Ridge campus and Singapore Science Park II off Pasir Panjang Road was an advantage for the seller. Prior to the break-even sale this week, the last time units changed hands in the condo was in 2010.
The second most profitable resale over the week was for a three-bedroom unit at Costa Rhu. The 2,056 sq ft unit was sold for $3.08 million ($1,498 psf) on June 23, translating to an annualised profit of 6.4% over 17½ years. The previous owner had purchased it for $1.05 million ($512 psf) in February 2006, resulting in a $2.03 million (193%) gain.
Costa Rhu is a 99-year leasehold condo comprising 737 units, and it stands out for its unblocked riverside view of the Kallang Basin. Furthermore, the condo faces Beach Road and Nicoll Highway, providing city views of landmarks such as Suntec City, South Beach, and The Concourse.
Resale prices at Costa Rhu have seen a tremendous swell in recent years, from $1,275 psf in July 2020 to $1,572 psf this month. The most expensive unit in absolute terms to change hands at Costa Rhu was a 5,253 sq ft, three-bedroom penthouse that was sold for $6.25 million ($1,190 psf) in August 2020, earning the seller a profit