We recently compiled the top 10 condo gains by the regions (CCR, RCR, OCR) based on condo transactions from Feb 1 to 7, 2023. [embed]https://www.facebook.com/99.co.condo/posts/120240127647422[/embed] Among the top 10 condo gainers across the three regions, one of the transactions that stood out was the $1.56m sale of a unit at Blue Horizon. As the unit was bought for around $672,000...
So a longer holding period doesn't necessarily translate to a higher absolute gain.A more accurate way would be to look at the respective annualised returns, which takes into account the effect of compounding. This also allows you to compare the transactions better.
In the case of the top 10 condo gains above, the transaction with the highest annualised return is the $3.08 million sale for Clementi Park.Nevertheless, there's a combination of factors that affects the sale price, which in turn affects the capital gain and annualised returns. This includes the location, size of the property and the state of the property market at the time of its sale and purchase.
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