The vendor of a unit in Ardmore Park, together Ardmore Park, created the best profit of $11.65 million on the week end of April 19 to 26. It was purchased for about $16 million ($1,831 psf) in January 1998 and marketed for about $27.65 million ($3,163 psf) on April 24. Based on the highest bid price, speculations show that Kopar at Newton Kampong Java price is likely to have a break-even price of around $1,700 psf.
The seller consequently created a 73% gain, or an annualised gain of 2% over slightly over 22 decades.
Situated in District 10, Ardmore Park has been finished in 2001 and contains 330 freehold units. There are just six penthouses at Ardmore Park condominium and they seldom come up for sale,” says Samuel Eyo of Lighthouse Property Consultants. The last time that a penthouse shifted hands was in 2010, and it brought $30 million.
The 2nd best advantage made within the week — a 125% gain of $860,000 — was Meraprime, together Jalan Bukit Ho Swee. This usually means that the vendor made an annualised gain of 5% over 16 decades.
Meraprimein District 3, includes 213 units onto a 99-year leasehold. It had been finished in 2006 and is a four-minute stroll into Tiong Bahru MRT Station on the East-West Line.
A unit sold in Watertown, together Punggol Central at District 19, produced the third biggest gain over the week, netting a 50% gain of $546,531 for the vendor. The seller consequently made an annualised gain of 5% more than eight decades.
Watertown, finished in 2017, includes 1,001 units onto a 99-year leasehold. It’s a six-minute walk into the Punggol MRT Station on the North-East Line.
On the flip side, the best loss incurred within the week was in the resale price of a 344 sq ft unit in Parc Somme at District 8. Having sold the house for $518,000 ($1,504 psf) on April 24, the vendor endured a 14% reduction of $82,000.
Within a holding period of five decades, this translates into an annualised reduction of 3%.
Parc Somme, together Somme Road, includes 30 components on a 99-year leasehold. Finished in 2012, it’s eight minutes from foot to Farrer Park MRT Station on the North-East Line.