On August 31, the penthouse at Regency Park sold for $14.1 million ($2,200 psf)

Read more: Villa Harimau is a beachfront home in Batam, Indonesia, that is for sale for US$3.6 million

The purchase of a 6,415-square-foot penthouse located at Regency Park, situated on Nathan Road in prime District 10 is the most profitable transaction of the year in accordance with caveats that were filed between January 1 through December 6. The property was sold at $14.1 million ($2,200 per square foot) on August 31. The buyer purchased the property for $5.5 million ($857 per square foot) at the end of April. In the end, they earned $8.61 millions (156.6%) on the transaction , which is an annualised gain in the range of 3.9% over nearly 24 1/2 years.

It’s the highest-profit deal recorded on the floor of Regency Park, beating the previous record of an area of 3,649 square feet located on the 12th level. The unit, which was bought at $2.85 million ($781 per square foot) during July of 2003. It was then sold at $7.35 million ($2,014 per sq ft) in April of 2011. The seller thus made an amount in the amount of $4.5 millions over the for nearly eight years.

The leasehold Regency Park was completed in 1987. It comprises eight 25-storey residential blocks that contain 292 units. The units are comprised of three-bedroom units starting at 2,250 sq ft and four-bedroom units that range from 3,649 sq feet.

Another District 10 luxurious condominium, Ardmore Park, saw the second highest gain of the year. This follows the sale of a 2,885 square feet four-bedroom apartment on the 6th floor, for $12.5 million ($4,333 per sq ft) on the 4th of November. The unit was previously sold owners at $4.75 million ($1,647 per square foot) during December of 2000. The seller made the profit that was $7.75 millions (163.2%) over a close to 22-year tenure that amounts to an annualized gain in the range of 4.5%.

A number of transactions that have high-quantum gains have been made at Ardmore Park during the course of the year. The month of July saw two adjoining units, both with four beds with a total area of 2,885 square feet, were sold on the 5th of July. An property title search reveals that the owners from an Indonesian family bought the units. The unit was sold at $14.08 million ($4,881 per square foot) which is a new PSF price record for resales transactions in the development. The buyer purchased the unit at $9.08 million ($3,148 per square foot) in October of 2010. The result was $5 million in profit (55.1%), making it the second highest gain ever made at Ardmore Park in 2010. The second unit was sold at $11.5 million ($3,986 per sq ft). This seller bought this unit back in the month of May of 2019 with an amount of $8.5 million ($2,773 per sq ft) and made an income of $3.5 million, or 43.8%.

The Ardmore Park comprises 330 units. Ardmore Park is an exclusive freehold development developed created by Wharf Estates Singapore (formerly Wheelock Properties). The development was completed in 2001. It features three towers of 30 stories. The most common units in the project are four-bedroom homes that measure 2,885 sq feet plus six duplex penthouses with 874 sq ft each.

Reflections On Keppel Bay witnessed the third highest-profitable deal this year. The sale follows 705 sq ft of the unit in the price of $17.63 million ($2,500 per sq ft) on September 12. The apartment, on the 40th floor was sold at $11 million ($1,560 per square foot) on September 10, 2021. The seller made the seller a profit of $6.63 million, or 60.2%.

With the time period of one year, the seller was subject to the stamp duty of the seller (SSD) for the transaction. A SSD amount of 12% is applied to properties which are held for up to 1 year eight% for properties that are held for longer than one year but not for up to two years as well as four% for properties that are held for longer than two years but for up 3 years.

Reflections Keppel Bay The HTML0 Reflections at Keppel Bay an exclusive waterfront luxury development of 1,129 units in District 9’s prime location by Keppel Land. The 99-year leasehold development was completed in 2011. featuring six towers of residential that range from 24 to 41 floors along with 11 lower-rise blocks.

The biggest loss of the year came the one at The Marq on Patterson Hill after the sept. 7 auction of 3,089 square feet property that was sold for $13.38 million ($4,331 per square foot). The buyer purchased the four-bedroom apartment at the top of 20th Floor $20.54 million ($6,650 per square foot) in November of 2011. The loss was $7.16 millions (34.9%), which amounts to an annualized decrease in the range of 3.9% over nearly 11 years.

The sale was an unprecedented loss for the development, surpassing the previous record set in December of 2017 when a 3,089 sq feet unit was purchased at $10.28 million ($3,328 per sq ft). The unit was bought at $15.2 million ($4,920 per sq ft) on September 12, 2012 which meant that the seller made an expense in the amount of $4.92 millions ($32%) over five years.

located in District 9. The Marq on Paterson Hill is a freehold development of SC Global Developments that was completed in the year 2011. The development has 66 units spread across two towers of 24 stories, with sizes starting at 3,057 square feet.

reflections at Keppel Bay also recorded two of the largest declines in 2022. On April 29 an area of 3,993 square feet located on the 4th floor sold to the buyer for $5.85 million ($1,465 per sq ft). The buyer, who bought the unit for $9.981 million ($2,499 per sq ft) during May 2007 realized the loss in the amount of $4.131 millions (41.4%) over a 15-year period of holding, or an annualized decrease in the range of 3.5%.

In addition an area of 6,835 square feet space on the sixth floor purchased to a buyer for $12.2 million ($1,785 per square foot) on the 25th of August. It was bought at $15.55 million ($2,276 per square foot) on August 7, 2007 so the seller was able to lose $3.35 millions (21.6%) over 15 years.

Seascape which is the 99-year leasehold condo located in Sentosa Cove, saw the third-lowest profitable sale this year. On the 21st of October the 3,380 square feet duplex penthouse was bought to a buyer for $5.9 million ($1,746 per sq ft). The buyer bought the property in exchange for $9.6 million ($2,840 per square foot) in January of 2011, that’s a loss of $3.7 millions (38.5%) over a 12-year period of holding years.

The Seascape, a 151-unit Seascape built through Ho Bee Land, comprises two residential blocks of eight stories. The units comprise three- and four-bedders ranging from 2,164 to 4,069 sq feet and eight penthouses of 3,380 to 4,252 square feet. It was completed in 2011.