Resale unit at Montview reaps $969,400 profit

By Charlene Chin
/ EdgeProp Singapore |
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SINGAPORE (EDGEPROP) - The seller of a unit at Montview, along Mount Sinai Drive, made the top gain of $969,400 over the period from April 14 to 19. The 1,227 sq ft unit on the eighth floor was bought for $930,600 ($758 psf) in August 2005 and sold for $1.9 million ($1,548 psf) on April 16. The seller therefore made a 104% profit, or an annualised profit of 5% over almost 15 years.
Located in District 10, Montview was completed in 2008 and comprises 115 freehold units. It is a five-minute drive to Dover MRT Station on the East-West Line.
The second top gain made over the week — a 26% profit of $700,000 — was at Scotts Square, along Scotts Road. The 947 sq ft unit on the 27th floor was purchased for $2.7 million ($2,850 psf) in March 2017 and sold for $3.4 million ($3,589 psf) on April 17. This means that the seller made an annualised profit of 8% over three years.
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Scotts Square, in District 9, comprises 338 freehold units. It was completed in 2011 and is a seven-minute walk to Orchard MRT Station on the North-South Line.
A unit sold at Blue Horizon, along West Coast Crescent in District 5, made the third largest gain over the period, netting a 79% profit of $542,930 for the seller (Credit: Samuel Isaac Chua/ The Edge Singapore)
A unit sold at Blue Horizon, along West Coast Crescent in District 5, made the third largest gain over the period, netting a 79% profit of $542,930 for the seller (Credit: Samuel Isaac Chua/ The Edge Singapore)
A unit sold at Blue Horizon, along West Coast Crescent in District 5, made the third largest gain over the week, netting a 79% profit of $542,930 for the seller. The 1,152 sq ft unit on the 17th floor was bought in January 2006 for $687,070 ($597 psf), and sold for $1.23 million ($1,068 psf) on April 16. The seller therefore made an annualised profit of 4% over 14 years.
Blue Horizon, completed in 2005, comprises 616 units on a 99-year leasehold. It is a five-minute drive to the Clementi MRT Station on the East-West Line.
The fourth top gain incurred over the week was from the resale of a 1,894 sq ft unit at Pebble Bay in District 15. Having sold the property for $2.84 million ($1,498 psf) on April 16, the seller reaped a 23% profit of $538,000. The unit was purchased in July 2007 for $2.3 million ($1,214 psf). Over a holding period of almost 13 years, this translates into an annualised profit of 2%.
Pebble Bay, along Tanjong Rhu Road, comprises 510 units on a 99-year leasehold. Completed in 1997, it is one minute by foot to the upcoming Tanjong Rhu MRT Station on the Thomson-East Coast Line, slated for opening in 2023.
Check out the latest listings near Montview, Scotts Square, Blue Horizon, Pebble Bay, MRT Stations and Schools
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Condo transactions with the highest profits in the past year
Compare price trend of HDB vs Condo vs Landed
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Compare price trend of Condo new sale vs EC new sale
Compare price trend of New sale condo vs Resale condo
Condo transactions with the highest profits in the past year
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Listings for condo units
Compare price trend of Condo new sale vs EC new sale
Compare price trend of New sale condo vs Resale condo

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