SINGAPORE (EDGEPROP) - The sale of a townhouse unit at Yong An Park, a freehold development on River Valley Road in District 9, was the most profitable condo resale transaction recorded during the week of May 2 to 9. A caveat was lodged on May 5 for the sale of the 7,718 sq ft property for $14.08 million ($1,824 psf). The unit had changed hands previously for $9.58 million ($1,241 psf) in February 2008. As such, the seller raked in a gain of $4.5 million on the transaction, or a 47% capital gain
, a freehold development on River Valley Road in District 9, was the most profitable condo resale transaction recorded during the week of May 2 to 9. A caveat was lodged on May 5 for the sale of the 7,718 sq ft property for $14.08 million . The unit had changed hands previously for $9.58 million in February 2008. As such, the seller raked in a gain of $4.5 million on the transaction, or a 47% capital gain after holding the property for over 15 years.
A 2,691 sq ft unit at New Futura was sold for $12.5 million, netting the seller a $3.37 million gain Meanwhile, a one-bedroom unit sold at V On Shenton was the most unprofitable transaction during the period in review. The 484 sq ft unit was sold for $1.13 million on May 2. The seller purchased it for $1.33 million from the developer in November 2012. Hence, they made a loss of $196,000 or 15% over a 10½-year holding period.
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