SINGAPORE (EDGEPROP) - The sale of a three-bedroom apartment at Sheares Ville, a freehold condo at Holt Road, just off Jervois Road in District 10, was the most profitable condo resale transaction recorded during the week of March 28 to April 4. The 2,626 sq ft unit on the first floor fetched $3.56 million ($1,355 psf) on March 30, based on caveats lodged. It was purchased by the seller in September 2004 from the developer for $1.55 million ($590 psf). This means they raked in a profit of $2.01
, a freehold condo at Holt Road, just off Jervois Road in District 10, was the most profitable condo resale transaction recorded during the week of March 28 to April 4. The 2,626 sq ft unit on the first floor fetched $3.56 million on March 30, based on caveats lodged. It was purchased by the seller in September 2004 from the developer for $1.55 million . This means they raked in a profit of $2.01 million or 130% over a holding period of 18½ years.
The second most profitable condo resale transaction during the period in review was the sale of a 1,668 sq ft unit at. On April 3, the ninth-floor unit changed hands for $2.7 million , reaping the seller a profit of $1.77 million. They bought the unit for $935,000 in October 1999. Thus, they made a 189% profit over 23½ years.
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