The demand for Singapore Condo is constantly on the rise, and this can be attributed to the limited land availability in the small island nation. With a rapidly growing population, Singapore faces challenges in finding enough land for development. As a result, strict land use policies are in place, leading to a competitive real estate market with rising property prices. This trend makes investing in real estate, especially Singapore Condo, a highly profitable opportunity with the potential for significant capital appreciation.
Ardmore Park unit nets a $3.05 million profitThe most profitable condo resale deal in the week of Nov 19 to 26 was the sale of a four-bedroom unit measuring 2,885 sq ft at Ardmore Park. The 14th-floor unit was sold for $11.25 million ($3,900 psf) on Nov 22. The seller had bought the unit in September 2016 for $8.2 million ($2,843 psf), making a profit of $3.05 million or 37% over a holding period of about eight years.This deal followed the sale of another 2,885 sq ft, four-bedroom unit on the 23rd floor for $12.7 million ($4,402 psf) on Oct 1. The seller had purchased the unit in September 2010 for $9.7 million ($3,363 psf), making a profit of $3 million or 30.9%.The 2,885 sq ft unit at Ardmore Park changed hands for $11.25 million ($3,900 psf) on Nov 22 (Picture: Samuel Isaac Chua/)Ardmore Park is a luxurious freehold condo with 330 units located in the prime Ardmore Park area in District 10. Consisting of three 30-storey towers, the typical units at the development are 2,885 sq ft, four-bedroom apartments, and it also boasts six 8,740 sq ft duplex penthouses. In this year alone, there have been four other profitable resale transactions at the development, with prices ranging from $4,108 psf to $4,472 psf. The sellers of these units made a profit of between $2.65 million and $7.07 million. Freehold three-bedder in Bukit Timah sold at $2,144 psf for over $2 million profitAdvertisementThe second most profitable condo resale deal in the week was the sale of a four-bedroom apartment at Goldenhill Park Condominium. The unit, measuring 1,539 sq ft and located on the 16th floor, was sold for $3.43 million ($2,228 psf) on Nov 21. The seller, who bought the unit from the developer in May 2001 for $1.14 million ($741 psf), made a profit of $2.29 million or 201% over 23 and a half years.This is the second-highest profit recorded at Goldenhill Park Condominium so far, with the record belonging to a 2,928 sq ft, four-bedroom penthouse that was sold for $4.3 million ($1,469 psf) in February 2022. The seller of this unit had bought it from the developer in April 2001 for $2 million ($683 psf) and made a profit of $2.3 million. A 1,539 sq ft unit at Goldenhill Park Condominium sold for $3.43 million ($2,228 psf) on Nov 21, making a gain of $2.29 million (Picture: Samuel Isaac Chua/)Located in District 20, Goldenhill Park Condominium is a 390-unit freehold development completed in 2004. Units at the development range from two to four bedrooms and come with sizes from 926 sq ft to 2,928 sq ft. The condo is conveniently located near Lorong Chuan MRT Station on the Circle Line. In 2021, there have been five other prosperous resale transactions at the condo, with sellers making profits between $760,000 and $1.91 million on units sold for between $2,082 psf and $2,246 psf.Meanwhile, the least profitable condo resale transaction in the week occurred at The Oceanfront @ Sentosa Cove. The sale of a four-bedroom unit measuring 2,831 sq ft on the 10th floor for $4.7 million ($1,660 psf) resulted in a loss of $1.1 million for the seller. The seller had purchased the unit in May 2007 for $5.8 million ($2,050 psf) and held it for 17 and a half years.AdvertisementThe Oceanfront @ Sentosa Cove is a 99-year leasehold condo found in the prestigious Sentosa Cove residential estate. Featuring 264 units housed within five towers, the waterfront condo offers two- to four-bedroom apartments ranging from 1,216 sq ft to 4,284 sq ft, as well as penthouses of between 2,745 sq ft and 8,095 sq ft. To date, there have been six other resale transactions at the development, with prices ranging from $1,500 psf to $1,999 psf. Of these transactions, two were profitable with sellers pocketing $268,000 and $1.7 million while four resulted in losses ranging from $30,000 to $519,000. Take a look at the latest listings for a CondominiumAsk BuddyCompare the price trend of Condo new sale vs EC new saleThe least profitable condo transactions in the past yearCondo projects with the most unprofitable transactionsLanded transactions with the highest profits in the past yearRecently launched projectsCompare price trend of Condo new sale vs EC new saleMost unprofitable condo transactions in past 1 yearCondo projects with most unprofitable transactionsLanded transactions with the highest profits in the past yearRecently launched projectsRELATED NEWSPenthouse at Veranda sold for $1.67 mil profitThree-bedroom unit at Spanish Village sold for $2.7 mil profitFour-bedder at Ardmore Park sold for $6.5 mil profit