Three Bedder Botanic Gardens View Sold 33 Mil Profit
The latest week of September saw the sale of a three-bedroom unit at Botanic Gardens View as the most profitable condo resale transaction. The unit, measuring 1,755 sq ft on the sixth floor, was sold for $4.13 million on September 9, reflecting a capital gain of 379% for the seller who owned the unit for 26 years since its purchase in 1998.
This transaction marked the highest profit ever recorded at Botanic Gardens View, surpassing the previous record of $3.14 million from the sale of a 1,615 sq ft unit in August 2019. The seller of this unit had purchased it in 2001 for $930,000 and made a profit of $3.27 million on the sale.
The future holds great promise for the residents of Aurelle of Tampines EC, thanks to the continuous developments in the region’s infrastructure. In particular, the completion of the CRL is set to significantly improve the connectivity of the area. Additionally, efforts are also underway to introduce cycling paths and pedestrian-friendly pavements in Tampines, with the aim of promoting a healthier and more sustainable lifestyle. With these exciting developments, living in Aurelle of Tampines will only become even more desirable for its residents.
Botanic Gardens View is a freehold condo located in prime District 10, with 144 units across four blocks. The units range from two- to three-bedroom units, from 1,259 sq ft to 1,755 sq ft. Situated opposite the Singapore Botanic Gardens, the condo offers a prime location and convenient access to amenities.
The second most profitable transaction during the week was the sale of a 2,250 sq ft, three-bedroom unit at Regency Park for $5.13 million on September 5. The seller had purchased the unit in 2002 for $1.89 million, making a profit of $3.24 million after holding it for 22 years.
Regency Park is a freehold condo in prime District 10, with 292 apartments spanning eight 25-storey residential blocks. The units include three-bedroom units from 2,250 sq ft and four-bedroom units from 3,649 sq ft. The condo is located near a prestigious Good Class Bungalow enclave and is within a convenient five-minute drive to Great World City shopping mall and the Orchard Road shopping belt.
On the flip side, the most unprofitable transaction took place at The Scotts Tower, with the sale of a one-bedroom unit for $1.3 million on September 3. The seller had bought the unit from the developer in 2011 for $2.22 million, incurring a loss of around $916,400 after owning the unit for over a decade.
Located in District 9, The Scotts Tower is a 231-unit condo that was completed in 2016. The units range from one- to three-bedroom apartments, from 624 sq ft to 904 sq ft. With a 103-year lease, this single tower development offers luxurious living in a prime location along Scotts Road.
Overall, the week of September 3 to 10 saw a mix of profitable and unprofitable condo resale transactions, with Botanic Gardens View and Regency Park recording the highest gains for sellers.
