Discover
Discover
Calculate the profit for 31 Keppel Bay View, #xx-xx, 1141 sqft if sold at $2.1 million and bought during launch.
16 views
To calculate the profit for the unit at 31 Keppel Bay View, #xx-xx in Reflections at Keppel Bay, here are the steps you can follow:
Determine the Purchase Price
During the launch of Reflections at Keppel Bay, the prices were generally in the range of $1,000 to $1,500 per square foot. For a unit of 1,141 square feet, let's assume an average launch price of $1,200 per square foot.
Calculate the Purchase Price
- Purchase Price = Unit Size * Price per Square Foot
- Purchase Price = 1,141 sqft * $1,200 psf = $1,369,200
Sale Price
The unit was sold at $2.1 million.
Profit Calculation
- Profit = Sale Price - Purchase Price
- Profit = $2,100,000 - $1,369,200 = $730,800
This calculation does not include additional costs such as stamp duties, legal fees, and any renovations or other expenses. If you factor these in, the net profit would be adjusted accordingly.
For a more accurate and detailed calculation, you can use the property valuation tools and calculators available on EdgeProp Singapore.
Thank you for reaching out to EdgeProp Buddy. Please note that I'm still in Beta mode. For detailed insights, it's always a good idea to consult with a real estate professional on topics like this.