2020 Year In Review
Here's what readers searched for most since January, and the best of 2020
A selection of the top Singapore stories of 2020
The best of 2020
- Yahoo Finance Singapore
While jobs in the digital and tech sphere continue to be in demand in Singapore, COVID-19 propelled another industry to the list.
- The Smart Investor
Will travel and tourism stocks fly high in 2021?The post Year in Review: Are Travel and Tourism Stocks Poised to Rise in 2021? appeared first on The Smart Investor.
- Yahoo Lifestyle SEA
Here are Yahoo Singapore readers’ top ten most searched international male celebrities of 2020.
- Yahoo Lifestyle SEA
With a lessening need to put on makeup, it was perhaps a year where many took the chance to rejuvenate their skin.
- The Smart Investor
These companies are offering higher dividends during uncertain times.The post Year in Review: 5 Companies That Raised Their Dividends in 2020 appeared first on The Smart Investor.
SINGAPORE (EDGEPROP) - The sale of a duplex penthouse at Ardmore Park in prime District 10 was the most profitable transaction of 2020, based on URA caveats lodged between Jan 1 and Dec 8. The 8,740 sq ft, five-bedroom unit was sold for $27.64 million ($3,163 psf) on April 24; it had been previously bought for $16 million ($1,831 psf) in January 1998. This is the first time this penthouse has changed hands on the resale market. The sale earned the seller a windfall of $11.65 million, or a profit of 73%. This translates to an annualised profit of 2.5% over 22 years.Ardmore Park is one of the biggest luxury condominiums in the prestigious Ardmore Park neighbourhood. Nearby luxury apartments include Le Nouvel Ardmore, Sculptura Ardmore and Nouvel 18. The development is also close to Shangri-La Hotel, The Tanglin Club and Orchard Road.Don't miss out to check out the hottest new launch condo and new landed property in Singapore The sale of the duplex penthouse at Ardmore Park in April 2020 resulted in a $11.65 million windfall for the seller. (Picture: Samuel Isaac Chua/The Edge Singapore)The freehold Ardmore Park was completed in 2001 and comprises three 30-storey towers with 330 units. It has only four-bedroom units of about 2,884 sq ft, apart from each tower having two duplex penthouses on the 29th and 30th floors.There have been five resale transactions at Ardmore Park this year. Four of them have been profitable, with gains ranging from $720,000 to the $11.65 million in April. The second most profitable transaction at Ardmore Park this year was the sale of a 2,885 sq ft unit on the 13th floor for $8.5 million ($2,947 psf) on Sept 24. The unit had previously fetched $5.38 million ($1,865 psf) in January 1997. As a result, the seller earned $3.12 million, or a profit of 58%. This translates to an annualised profit of 2% over 23 years. The second most profitable transaction of 2020 occurred at Ardmore Park’s neighbouring condo, The Claymore. It involved the sale of a 4,919 sq ft, five-bedroom unit for $17 million ($3,456 psf) on April 13, having been bought for $7.99 million ($1,626 psf) in March 2002. As a result, the seller earned $9 million or a profit of 113%. This translates to an annualised profit of 4.3% over 18 years. This sale is also the most profitable resale transaction to date at The Claymore.The Claymore is a freehold development on Claymore Road in prime District 9. There are 146 units in two residential towers that comprise a mix of three- and five-bedroom units of 2,680 sq ft to 4,919 sq ft.The previous record resale transaction was by a similarly sized, five-bedroom unit in the opposite block that fetched $12.75 million ($2,592 psf) in January 2011, after it had been bought for $5.5 million ($1,118 psf) in May 2001. This means that the seller walked away with a profit of $7.25 million, or a 132%, on the sale, and an annualised profit of 9% over nine years. A 4,919 sq ft unit at The Claymore fetched $17 million when it was sold on April 13. (Picture: Samuel Isaac Chua/The Edge Singapore)Staying in District 9, the top resale loss of the year involved the sale of a 2,756 sq ft unit at Reignwood Hamilton Scotts. This three-bedroom unit on the 24th floor was sold for $7.19 million ($2,609 psf) on Dec 2, after it had been bought for $13.78 million ($5,001 psf) in June 2013. As a result, the seller incurred a loss of $6.59 million, or 48%, on the deal. This translates to an annualised loss of 8.3% over 7½ years. It is also the most unprofitable deal that has been recorded at the development so far.Reignwood Hamilton Scotts is a freehold luxury condo on Scotts Road. The 52-unit development comprises a mix of three-bedroom units of 2,756 sq ft to 2,722 sq ft, two junior penthouses of 3,229 sq ft, and two penthouses of 6,975 sq ft. The signature feature at Reignwood Hamilton Scotts is the sky garages for each unit that are designed to showcase the owners’ luxury cars.So far this year, there have been only two resale transactions at the condo, and both have resulted in losses. The other unprofitable transaction this year was the sale of a 2,722 sq ft unit on the 25th floor for $7.5 million ($2,722 psf) on July 21. The property had been bought for $8.82 million ($3,200 psf) in June 2010. The seller thus saw a loss of $1.32 million, or 15%, from the resale transaction, translating to an annualised loss of 1.6% over 10 years. The sale of a 2,756 sq ft unit at Reignwood Hamilton Scotts on Dec 2 turned into the most unprofitable deal of 2020, with a $6.59 million loss for the seller. (Picture: Samuel Isaac Chua/The Edge Singapore)Another transaction that resulted in a notable loss this year occurred at The Coast at Sentosa Cove. A 4,779 sq ft, five-bedroom unit fetched $5.3 million ($1,109 psf) when it was sold on Oct 7, after the property had been bought for $11.47 million ($2,400 psf) in August 2007. The loss for the seller was $6.17 million, or 54%. It translates to an annualised loss of 5.7% over 13 years. This sale is also the most unprofitable transaction at the development this year.The Coast at Sentosa Cove is a 99-year leasehold development on Ocean Drive on Sentosa Island. The 127-unit development was completed in 2010, and comprises a mix of three- to five-bedroom units of 1,916 sq ft to 4,779 sq ft.There have been 10 resale transactions at The Coast this year, all of which have resulted in losses for the sellers, ranging from $41,550 to the $6.17 million loss in October. The second most unprofitable deal there during the year was the sale of a 2,357 sq ft, four-bedroom unit for $3.4 million ($1,442 psf) on Oct 9. That unit had been bought for $4.7 million ($2,000 psf) back in February 2007. Thus, the seller suffered a $1.31 million loss.Check out the latest listings near Ardmore Park, The Claymore, Reignwood Hamilton Scotts, The Coast at Sentosa Cove, Le Nouvel Ardmore, Sculptura Ardmore, Nouvel 18For price trends, recent transactions, other project info, check out these projects' research page: Le Nouvel Ardmore, Sculptura Ardmore, Nouvel 18See Also: * Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools * New Launch Condo & Landed Property in Singapore (COMPLETE list & updates) * Park living in Pasir Panjang * Pre-MOP four-bedder at Bellewaters EC on the market for $1.1 mil * Penthouse unit at Nassim Jade sold for $6.05 mil profit * En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc * HDB Resale Flats Up For Sale, Affordable Units Available
Here’s a look back at the top 8 best selling new launch condos and ECs that flew off the shelves during their respective launch weekends.
- Yahoo News
COVID-19 and Donald Trump’s election loss will dominate the history books about 2020, but the story connecting those two things and nearly everything else this year was the Republican Party’s adoption of disinformation as one of its primary political strategies.
- Yahoo Lifestyle SEA
It goes without saying that 2020 has been one weird year.