Four Bedder Four Seasons Park Sold 38 Mil Profit
Rewritten:
Investing in a condominium offers several advantages, including the opportunity to utilize the property’s value for further investments. This means that investors can use their condos as collateral to secure additional funding for new real estate ventures, thereby growing their portfolio. However, it’s essential to have a solid financial strategy and carefully assess the potential effects of market fluctuations before implementing this strategy. Moreover, with the availability of various Singapore Projects, condo investment becomes even more attractive.
The most profitable condo resale transaction during the week of Aug 20 to 27 was the sale of a four-bedroom unit at Four Seasons Park. Spanning 2,260 sq ft, the unit on the 20th floor was sold for $7.8 million, reflecting a capital gain of 95% or an annualised profit of 23.8% for the seller. The sale was completed on Aug 26, making it the first resale transaction at Four Seasons Park this year.
Located on Cuscaden Walk in District 10, Four Seasons Park is a freehold condo completed in 1994. It has 202 units ranging in size from 2,153 sq ft to 7,772 sq ft. The unit sold is about a five-minute walk to Ion Orchard and the Orchard Interchange Station.
The second-most profitable resale deal during the week was the sale of a 1,894 sq ft four-bedroom unit at The Trevose in District 11. The third-floor unit was sold for $3.36 million on Aug 22, scoring a profit of $2.02 million for the seller. The unit was purchased for $1.34 million in June 2002, making it the fourth most profitable deal at The Trevose so far.
The Trevose is a 99-year leasehold condo located on Trevose Crescent, and it was completed in 2001. It comprises three low-rise blocks with 142 units, a mix of two-, three- and four-bedders ranging from 958 sq ft to 3,627 sq ft. The condo is about a 10-minute walk from Stevens MRT Interchange Station.
On the other hand, the most unprofitable condo resale transaction during the week was the sale of a duplex penthouse at Wilkie Studio. The 1,819 sq ft unit was sold for $2.81 million on Aug 23, incurring a loss of about $230,000 for the seller. The unit was purchased from the developer for $3.04 million in February 2008.
Located on Wilkie Road, Wilkie Studio is a freehold boutique apartment completed in 2010. It has a total of 40 units across a single four-storey block, with sizes ranging from 743 sq ft to 2,906 sq ft. The unit sold is the third resale transaction at Wilkie Studio this year, with the first two units making a profit of $310,000 and $550,000 respectively for the sellers.