SINGAPORE (EDGEPROP) - The most profitable condo resale transaction recorded during the week of April 18 to 25, based on caveats lodged, was the sale of a three-bedroom unit at The Marbella, a condo located on Mount Sinai Rise in District 10. The 1,475 sq ft apartment on the 19th floor was sold for $3.5 million ($2,373 psf) on April 24. It had been purchased for $1.03 million ($698 psf) from the developer in March 2004. Hence, the seller netted a gain of $2.47 million, or 240% across a holding p
, a condo on Trevose Crescent, off Dunearn Road and Whitley Road in District 11. The four-bedder, measuring 1,765 sq ft and located on the second floor, changed hands for $3.1 million on April 20. The seller had purchased the unit in February 2004 for $1.03 million ; hence, they made a profit of $2.07 million after holding it for over 19 years.This is the most profitable transaction to date at The Trevose.
Meanwhile, the most unprofitable transaction for the week in review took place at Helios Residences. A two-bedroom-plus-study unit measuring 1,281 sq ft was sold for $3.15 million on April 21. The seller bought the unit in November 2012 for $4.98 million . This means they netted a loss of $1.83 million over a holding period of 10½ years.
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