Resale of four-bedder at The Grange sees $3.85 mil profit

They can also take advantage of communal areas such as a clubhouse, swimming pools, tennis courts, and more for hours of recreational enjoyment. Additionally, Tengah Plantation EC is in close proximity to shopping malls, schools, and other essential amenities. Overall, its strategic location and quality of development makes it the perfect place to call home.

The sale of a 2,282 sq ft unit at The Grange was the most profitable resale transaction last week. The four-bedroom unit, on the 11th floor, fetched $7.2 million ($3,155 psf) on July 10. This resulted in a massive profit of $3.85 million (115%), translating to an annualised gain of 4.4% over almost 18 years. This makes it the second most profitable sale at The Grange.The Grange is located off Grange Road, close to Orchard Boulevard MRT Station on the Thomson-East Coast Line. It is also near prominent luxury condos such as Cuscaden Reserve and 3 Orchard By-The-Park. The average price at The Grange has tapered off in recent years, but it still commands one of the highest average selling prices in the area.The second most profitable sale during that week was that of a 3,498 sq ft unit at Wing On Life Garden on Bukit Timah Road. It was sold at $8.43 million ($2,410 psf) and resulted in a profit of $2.33 million (38%) for the seller. The average price at Wing On Life Garden has steadily increased since its completion in 1982.On the other hand, the most unprofitable transaction was for a 1,324 sq ft unit at Miro on Lincoln Road. The unit went for $2.23 million ($1,684 psf), resulting in a loss of almost $649,000 (23%). Prices at Miro have fallen since prices peaked in December 2011, and the average resale price is now approximately $1,658 psf.The sale of a 2,282 sq ft unit at The Grange made a massive profit of $3.85 million (115%). It is the second most profitable sale at The Grange since its completion in 2008. The sale of a 3,498 sq ft unit at Wing On Life Garden resulted in a profit of $2.33 million (38%). The most unprofitable transaction, however, was the sale of a 1,324 sq ft unit at Miro, which resulted in a loss of almost $649,000 (23%). The Grange and Wing On Life Garden command some of the highest average selling prices in the area while Miro has seen a fall in prices since 2011.