Seller at The Marq on Paterson Hill scores $5.6 mil profit on resale
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[Note: This article was updated on May 7 for accuracy, to reflect a profit of $5.6 million from the Jan 7 transaction at The Marq on Paterson Hill. The profit had initially been calculated as $5.2 million. The change was due to a recent update to the historical data referenced in the calculations.]
The Marq on Paterson Hill topped the list of profitable condo resale transactions between Jan 6 and 13.
A five-bedroom unit at the freehold development recorded the week’s highest gain when the 6,232 sq ft unit on the 19th floor changed hands for $37 million, or $5,937 psf, on Jan 7. The seller, who bought the unit for about $31.4 million ($5,038 psf) in July 2007, made a profit of $5.6 million (17.8%). This translates to an annualised gain of 0.9% over 18.5 years.
The latest deal marks the most profitable transaction at The Marq on Paterson Hill to date. It surpasses the previous record gain of $5.15 million, which came from the sale of a 6,308 sq ft unit on the 18th floor for $30.4 million million ($4,820 psf) in July 2012. The seller, who had previously purchased the unit for around $25.25 million ($4,003 psf) in July 2007, reaped an annualised gain of 4% over more than five years.
A five-bedroom unit at The Marq on Paterson Hill recorded the week’s highest gain when it changed hands for $37 million, or $5,937 psf, on Jan 7 (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Completed in 2011, The Marq on Paterson Hill is a freehold condo located along Paterson Hill in prime District 9. The boutique luxury development houses 66 apartments, offering a mix of four- and five-bedroom units, as well as three penthouses. The condo is within walking distance of the Orchard Road shopping belt, featuring malls such as Ion Orchard, Wisma Atria and Ngee Ann City.
Meanwhile, the sale of a three-bedroom unit at Tiara was the second most profitable transaction during the week in review. The 1,302 sq ft unit on the 27th floor fetched $3.29 million ($2,524 psf) on Jan 7. The seller acquired the unit for around $1.23 million ($944 psf) in October 2006. Thus, they made a gain of $2.06 million (167.4%) or an annualised profit of 5.2% over more than 19 years.
This is the third-largest gain ever made on a unit at Tiara. The record-holder is a 1,507 sq ft, three-bedroom unit that netted the seller a profit of $2.12 million when it was sold for $3.3 million in September 2022. This translates to an annualised gain of 5.2% over a holding period of 20 years.
The seller of a 1,302 sq ft unit at Tiara reaped a profit of $2.06 million when it was sold for $3.29 million on Jan 7 (Photo: Google Street View)
Tiara is a 35-storey freehold condo located along Kim Seng Walk in District 9. Completed in 1995, the 264-unit development comprises a mix of two- and three-bedroom units ranging from 893 to 1,561 sq ft. The development is close to Great World MRT Station on the Thomson-East Coast Line, and is near amenities such as Zion Riverside Food Centre and Great World City shopping mall.
Based on a compilation of caveats by EdgeProp Singapore, the development saw eight units change hands in 2025. Seven of these transactions were profitable, with the sellers netting gains ranging from $511,000 to $2.03 million.
In contrast, the sale of a 1,841 sq ft unit at Belle Vue Residences was the least profitable transaction during the week. The seller of the three-bedroom unit incurred a loss of about $900,000 when it was sold for $3.8 million ($2,064 psf) on Jan 12. The unit had previously been bought for $4.7 million ($2,553 psf), resulting in an annualised loss of 1.4% over 15 years.
The sale of a 1,841 sq ft unit at Belle Vue Residences resulted in a loss of about $900,000 when it was sold for $3.8 million on Jan 12 (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Completed in 2010, Belle Vue Residences is a low-rise, freehold development on Oxley Walk in prime District 9. The condo comprises nine five-storey blocks housing 176 units of two- to five-bedders. Situated between Orchard Road and River Valley, the development is within walking distance of Dhoby Ghaut Interchange, which is connected to the North-East, North-South and Circle Lines. It is also close to Fort Canning Park and the Robertson Quay and Clarke Quay lifestyle enclaves.
Based on lodged caveats, the record loss at Belle Vue Residences belongs to a 3,552 sq ft unit, which was sold for $4.7 million ($1,324 psf) in March 2022. The seller, who bought the fifth-floor unit for $7.4 million ($2,083 psf) in September 2012, suffered a loss of $2.7 million (36%) over a holding period of 9½ years.
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