The Horizon's resale yields a whopping $2.16 million

The sale of a 1,561 sq. ft., three-bedroom flat at The Horizon on Holt Road was the most expensive deal signed between June 27 and July 4. After being purchased in August 2006 for $1.19 million ($760 psf), the seventh-floor flat sold on June 28 for $3.35 million ($2,146 psf). The outcome was a gain for the seller of $2.16 million, or 182%, or 5.4% per year over 20 years.

Tanglin, in the heart of District 10, is home to The Horizon, a freehold condo. Completed in 2001, the 80-unit complex has a variety of three- and four-bedroom condos ranging in size from 1,561 to 3,197 square feet.

Condominium residents may walk to nearby River Valley, Jervois Road, and Chatsworth Park areas from their position off River Valley Road. The retail district of Orchard Road may be reached in five minutes by car and can be reached from The Horizon at around 750 meters.

The sale on June 28 was the most lucrative one for the unit thus far. It tops the previous record, set in January 2019 when an 11,077-square-foot condo sold for $5.08 million ($1,589 psf). When acquired in November of 2000, the unit cost $3.41 million ($1,068 psf). The seller netted $1.67 million (or 49%), which is equivalent to an annualized profit of 2.2% during that time period.

On August 22 of last year, a second-floor condo with 1,561 square feet was sold for $3.2 million ($2,050 psf). The price per square foot for this resale flat at the Horizon was the first to top $2,000. The three-bedroom house sold on June 28 of this year was resold shortly afterward.

A three-bedroom, 1,335-square-foot condo at One Amber sold for $2.92 million ($2,188 psf) on June 28 (also part of this week’s sales). In May of 2006, the condo was purchased for $971,880 ($728 psf). The seller made a total of $1.95 million, a gain of 201% over the course of 17 years (or 6.6% annually).

Located in Tembusu Grand just off Amber Road, Tembusu Grand Floor Plan and Tembusu Grand Price is a freehold condo. It is located in the desirable District 15 location of Marine Parade. UOL Group and Singapore Land Group constructed and finished the 562-unit complex in 2010. It has apartments ranging in size from 570 square feet to 3,165 square feet, spread over four residential buildings spanning 23 stories.