What do these profit-making properties have in common?

By EdgeProp Singapore / EdgeProp | May 9, 2018 9:30 PM SGT
Sentiment in the private residential market continued to be buoyant in 1Q2018, with overall home prices soaring by 3.9% within the time period. This surpassed the 3.1% in the URA flash estimate announced earlier and marked the highest quarterly price gain in eight years. The increase is likely due to pent-up demand and buyers’ fear of missing out on good value buys as prices trend up.
But while real estate investment is a well-established way of building wealth over the long term, when it boils down to it, there are a few elements that could go into determining whether a particular property investment would do well.
To find out what they are, we looked into the 20 most profitable property transactions that took place between January and April 2018 to identify factors that could possible contribute to successful property investments. Only non-landed private residential properties were considered in our analysis.
Top 20 most profitable property transactions between January and April 2018
Source: URA, EdgeProp
Based on the matching of URA caveats, the sale of a 2,885 sq ft, four-bedroom unit at Ardmore Park in prime District 10 was the most profitable transaction in 2018 so far. The unit at the luxury condominium, Ardmore Park was sold for $8.4 million ($2,912 psf) on Feb 19, fetching a $4.65 million (124%) profit for the seller, who bought it for $3.75 million ($1,300 psf) in August 2003.
Meanwhile, the biggest loss of the year so far involved a 2,411 sq ft, four-bedroom unit at Turquoise, a condominium at Sentosa Cove. The unit was put up for mortgagee sale at a Knight Frank auction in March and was sold for $3.6 million ($1,493 psf). The unit was purchased for $6.18 million ($2,539) in October 2007.
A four-bedroom unit on the sixth floor of Ardmore Park fetched a $4.65 million (124%) profit on Feb 19. Find the most affordable listing here.
Of the list,...