Resale four-bedder at Clover By The Park sets record profit of $2.06 mil
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The sale of a four-bedroom apartment at Clover By The Park was the most profitable condo resale transaction from May 6 to 13. The 1,755 sq ft unit on the 30th floor fetched $3.34 million ($1,903 psf) on May 8. The seller had purchased the unit from the developer for $1.28 million ($729 psf) in April 2009. Thus, the seller raked in a profit of $2.06 million (160.9%), or an annualised profit of 6.1% over a holding period of over 16 years.
Based on caveats lodged, this is the most profitable resale deal at Clover By The Park. It surpasses the previous record gain of $2.02 million from the sale of a 1,733 sq ft unit on the 15th floor for $3.29 million ($1,897 psf) on March 20. The seller had previously bought the four-bedder from the developer for $1.27 million ($733 psf) in July 2008.
The new high at Clover By The Park comes with the resale of a 1,755 sq ft unit for $3.34 million on May 8. (Picture: Samuel Isaac Chua / The Edge Singapore)
Completed in 2011, Clover By The Park is a 99-year leasehold condo located on Bishan Street 25, near Marymount Road in District 20. The condo is situated near Bishan-Ang Mo Kio Park and is within a five-minute drive of Whitley Secondary School, Catholic High School and Eunoia Junior College.
The development features two 39-storey blocks, comprising 616 three- and four-bedroom units ranging from 1,216 to 1,765 sq ft, as well as 16 penthouses of 2,530 to 3,477 sq ft.
The second-most profitable resale during the week occurred at One Amber. On May 13, a 1,453 sq ft unit on the fifth floor was sold for $3.28 million ($2,257 psf). The seller, who bought the three-bedder for about $1.57 million ($1,080 psf) in November 2010, netted a gain of $1.71 million, or 108.9%, after owning the unit for 14.5 years.
A 1,453 sq ft unit at One Amber was sold for $3.28 million on May 13, netting a gain of $1.71 million. (Picture: Samuel Isaac Chua / The Edge Singapore)
There have been 12 resale transactions at One Amber so far this year. The most profitable sale in 2025 occurred when a 1,378 sq ft, three-bedroom unit at the development changed hands for $3.2 million ($2,323 psf) on April 25. The seller had previously bought the ninth floor unit for $920,504 ($668 psf) in April 2006, netting a profit of $2.28 million.
One Amber is situated off Mountbatten Road in District 15. Completed in 2010, the freehold development houses four 23-storey towers comprising a mix of one- to four-bedroom units of 570 to 3,100 sq ft. There are also four-bedroom penthouses of 2,659 to 3,541 sq ft. The condo is within walking distance of Tanjong Katong MRT Station (Thomson-East Coast Line), and is near several lifestyle hubs such as Katong Shopping Centre and The Odeon Katong.
Meanwhile, the most unprofitable deal during the week was the sale of a 2,056 sq ft unit at Marina Bay Suites. The four-bedroom apartment on the 13th floor fetched $3.83 million ($1,863 psf) on May 7. The unit was previously purchased for $4.44 million ($2,159 psf) in December 2009. Thus, the seller incurred a loss of $609,000, an annualised loss of 1% around 15.5 years.
A four-bedroom apartment at Marina Bay Suites fetched $3.83 million ($1,863 psf) on May 7, incurring a loss of $609,000. (Picture: Samuel Isaac Chua / The Edge Singapore)
There have been three other resale transactions at Marina Bay Suites this year, all of which were unprofitable. The seller of a 1,625 sq ft three-bedder incurred the highest loss of $1.15 million when the 58th-floor unit was sold for $3.1 million ($1,907 psf). The unit was previously purchased for $4.25 million ($2,614 psf) in May 2012.
Marina Bay Suites is located on Central Boulevard in the Marina Bay financial district. Completed in 2013, it features two residential towers within the Marina Bay FInancial Centre mixed-use development. The 99-year leasehold development comprises 221 units with a mix of three- and four-bedroom units, spanning 1,572 to 2,691 sq ft. Downtown MRT Station on the Downtown Line, Raffles Place MRT Station and Bayfront MRT Station are all within walking distance of the development.
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