GAINS AND LOSSES: Resale unit at Regency Park reaps $4.3 mil profit

The 3,649 sq ft unit on the 11th floor of Regency Park was bought for $2.68 million ($734 psf) in February 1999 and sold for $6.98 million ($1,913 psf) on Oct 10 (Credit: EdgeProp Singapore)
SINGAPORE (EDGEPROP) - The seller of a unit at Regency Park, on Nathan Road, made the top gain of $4.3 million over the period of Oct 8 to 22. The 3,649 sq ft unit on the 11th floor was bought for $2.68 million ($734 psf) in February 1999 and sold for $6.98 million ($1,913 psf) on Oct 10. The seller therefore made a 160% profit, or an annualised profit of 5% over 21 years.
Located in District 10, Regency Park was completed in 1987 and comprises 292 freehold units. It is a four-minute drive to Orchard MRT Station on the North-South Line.
The second top gain made over the period – a 100% profit of $4.05 million – was at Four Seasons Park, on Cuscaden Walk in District 10. The 2,874 sq ft unit on the 24th floor was purchased for $4.05 million ($1,409 psf) in October 2005 and sold for $8.1 million ($2,818 psf) on Oct 17. This means that the seller made an annualised profit of 5% over 14 years.
Four Seasons Park comprises 202 freehold units across 28 storeys and was completed in 1994. It is eight minutes by foot to Orchard MRT Station on the North-South Line.
Meanwhile, a unit sold at Park Infinia at Wee Nam, along Lincoln Road in District 11, made the third most profitable transaction over the period, netting a 109% profit of $1.59 million for the seller. The 1,421 sq ft unit on the 27th floor was bought in September 2006 for $1.46 million ($1,025 psf), and sold for $3.05 million ($2,147 psf) on Oct 9. The seller therefore made an annualised profit of 6% over 13 years.
Park Infinia at Wee Nam, completed in 2008, comprises 486 freehold units. It is nine minutes by foot to Newton MRT Station on the Downtown and North-South Lines.
The seller of a unit at 8 Napier sustained a 17% loss of $1.21 million after selling it for $5.8 million ($2,881 psf) on Oct 16 (Credit: Samuel Isaac Chua/ EdgeProp Singapore)