The seller of a unit at The Nexus made the top gain of $1.22 million over the week of July 16 to 23. The 1,485 sq ft unit on the third floor was bought for $1.38 million ($926 psf) in February 2007, and sold for close to $2.60 million ($1,747 psf) on July 19. The seller made an 89% profit, or an annualised profit of 5% over 12½ years.
Located at Bukit Timah Road in District 21, The Nexus was developed by Orwin Development, a subsidiary of Far East Organization. Completed in 2006, the freehold development comprises 242 units in six 10-storey blocks. The units range from 592 sq ft one-bedders, to 1,572 sq ft four-bedders. Bukit Timah Plaza, Beauty World Plaza, and Beauty World Centre are all a three-minute drive from the development. It is also near reputable schools. Swiss School Singapore is a six-minute drive away, while Methodist Girls’ School is a 10-minute drive away.
