Duplex penthouse at Nassim Park Residences sold for $4.15 mil profit
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A duplex penthouse at Nassim Park Residences in District 10 set the benchmark for profitable resale condo transactions for the week (June 2 to 9).
The 6,954 sq ft, five-bedroom unit on the fifth floor changed hands for $22.95 million ($3,300 psf) on June 5. It was originally purchased in May 2019 ($2,704 psf) for $18.8 million. So the seller made a $4.15 million gain — 22.1%, or 2.9% annualised over seven years.
The seller of the Nassim Park Residences penthouse made an annualised gain of 2.9% over seven years (Photo: Samuel Isaac Chua/EdgeProp Singapore)
This marks the fifth-most profitable deal at the development, going by caveats lodged. The top transaction remains a 2023 deal, which netted $7.26 million in profit. The seller, who bought the 4,822 sq ft four-bedder in 2008 for $14.74 million, sold it for $22 million 15 years later.
Apart from these big-profit deals, Nassim Park Residences recorded four other resale transactions over the past three years, all of which generated gains. They changed hands for between $14 million and $20.5 million, earning between $2.95 million and $6.5 million for the sellers.
Located on Nassim Road, Nassim Park Residences is a freehold condo that was completed in 2011. The low-rise development has 100 units housed in four five-storey blocks. There are four-bedders and five-bedroom penthouses measuring 3,175 to 8,008 sq ft.
Next up on the gains’ table was a four-bedroom unit at Viva, a freehold condo in the Novena area.
On June 8, a 2,486 sq ft four-bedroom unit on the 26th floor was sold for $7 million, or $2,815 psf. The seller bought it for around $3.96 million ($1,592 psf) in December 2009. The profit of about $3.04 million reflects a 76.9% gain, or 3.5% annualised over 16½ years.
A four-bedder at Viva, a condo in Novena, netted a profit of $3.04 million when it sold for $7 million on June 8 (Photo: Samuel Isaac Chua/EdgeProp Singapore)
This is the development’s most profitable transaction to date, surpassing a record set in May 2025. Then, the 1,959 sq ft four-bedder was sold for $5.02 million. The seller, who initially purchased the unit from the developer in September 2009 for $2.8 million, netted a profit of $2.22 million.
The two other resale transactions at Viva this year were also profitable. The units, which fetched $2.88 million and $3.75 million, chalked up gains of $1.09 million and $1.24 million, respectively.
Completed in 2012, Viva has 235 units spread across three 30-storey towers. Its two- to five-bedroom apartments range from 958 to 6,340 sq ft. Nearby amenities include United Square and Goldhill Plaza. Novena MRT Station (North-South Line) is nine minutes away on foot.
The week’s steepest loss occurred at Reflections at Keppel Bay.
At Reflections at Keppel Bay, the owner of a three-bedroom unit incurred a $925,405 loss (Photo: Samuel Isaac Chua/EdgeProp Singapore)
A 1,561 sq ft, three-bedder on the fourth floor — purchased from the developer in 2012 for $3.71 million — was sold for $2.78 million on June 2. The $925,405 deficit represents a 25% loss, or 2% annualised over a 14-year period.
Still, this was not the biggest non-profitable transaction at the development. In 2021, the owner of a 7,050 sq ft penthouse lost $6.95 million when it was sold for $11 million. The 2007 purchase price of the unit — bought from a developer – was $17.95 million.
Reflections at Keppel Bay is a 99-year leasehold condo along Keppel Bay View that was completed in 2011. It features 1,129 units, comprising one- to four-bedders of 732 to 2,874 sq ft. Telok Blangah MRT Station on the Circle Line is a 10-minute walk away, with Vivocity one stop away.
Excluding the June 2 deal, Reflections at Keppel Bay has recorded 24 other resale transactions this year. Of these, 15 were in the red, incurring losses of $67,400 to $1.54 million.
Check out the latest listings for Nassim Park Residences properties
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