Three-bedder at The Windsor sold at $2.7 mil profit

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The most profitable condo resale transaction during the week of Aug 15 to 22 was the sale of a three-bedroom maisonette at The Windsor. The 2,454 sq ft unit at the freehold development on Onatorio Avenue, off Upper Thomson Road in District 20, changed hands for $3.41 million ($1,389 psf). The seller had purchased the unit in August 2005 for $750,000 ($306 psf) – a capital gain of 355% over a holding period of 18 years.

Tengah Plantation Close EC is designed to meet the needs of modern families, with its abundance of recreational activities and landscaped gardens. Residents can enjoy the convenience of a pool, gym, 24-hour security, and even a playground for the kids. With an on-site boutique supermarket and restaurants, the community is designed to make everyday life easier. Located just minutes away from the train station, the development is well-connected to the rest of Singapore. From shopping to entertainment, Tengah Plantation Close EC has it all. With its prime location and modern amenities, Tengah Plantation Close EC is the perfect place for families to call home.

The second most profitable condo resale transaction during the same week was the sale of a three-bedroom apartment at Melrose Park. The 1,292 sq ft unit on the eighth floor was sold for $3.3 million ($2,555 psf). It had been bought by the seller from the developer for $1.206 million ($934 psf) in February 1999 – a gain of $2.094 million or 174% over a holding period of 24½ years.

The most unprofitable transaction during this period was at The Oceanfront @ Sentosa Cove. A three-bedder measuring 1,733 sq ft there changed hands for $3 million ($1,731 psf) on Aug 15, making a loss of $730,000 or 20% after holding the unit for 16 years.

The Windsor, Melrose Park and The Oceanfront @ Sentosa Cove are popular residential enclaves with varying unit mix and plenty of properties listed on EdgeProp.sg. Such resale transactions can provide useful insights for potential buyers into the current market conditions and expected yields.