Profitable transactions: 31
Pricing
While The Tennery has recorded 33 unprofitable transactions so far, it has actually also managed to chalk up 31 profitable transactions.
The average profit so far has been $53,108, while the average loss is -$72,710.
But if you want to be really pessimistic about it, a good number of the profitable transactions would actually be just about breakeven or unprofitable if you were to take into account transaction costs (lawyer fees, agent commissions, interest).
So as of today, prices currently stand at $1,083 psf.
The Tennery definitely did garner lots of talk when it first launched back in 2011.
You might be aware of Far East Organisation’s tendency to price at a premium wherever they launch – The Tennery was no different.