Profitable Ardmore Park 4-bedder unit secures $7.06 million, alongside Jalan Loyang Besar Residences

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The sale of a 26th-floor unit at luxury condo Ardmore Park was the most profitable resale transaction recorded in the week of Feb 13 to 20. The seller of the four-bedroom, 2,885 sq ft apartment made a profit of $7.066 million after it sold for $12.9 million ($4,472 psf) on Feb 16.

Ardmore Park is a 330-unit freehold condo located in the prestigious Ardmore Park area in prime District 10. Developed by Wharf Estates Singapore, formerly known as Wheelock Properties, the high-end condo was completed in 2001 and has three 30-storey towers.

The unit was purchased for $5.83 million ($2,022 psf) in July 1996, translating to a 121% profit after a holding period of more than 27½ years. This transaction is the fourth highest profitable deal recorded at Ardmore Park and the third highest by psf price so far.

The most profitable transaction occurred in April 2020 when the seller of an 8,740 sq ft duplex penthouse unit raked in a profit of $11.65 million after it sold for $27.65 million ($3,163 psf). The seller had held the unit since January 1998, when they purchased it for $16 million ($1,831 psf).

The development set a new price high of $4,881 psf after a four-bedroom apartment changed hands for $14.08 million in July 2022. This transaction occurred after a holding period of nearly 20 years.

Hillcrest Arcadia saw the second most profitable resale transaction during the week in review with the sale of a four-bedroom, 2,325 sq ft unit that turned a profit of $1.83 million (159%). The 10th-floor unit was purchased for $1.15 million ($495 psf) in Sept 1995 and sold on Feb 16 for $2.98 million ($1,282 psf). It translates to an annualised profit of 3.4% over 28 years and is the third most profitable resale transaction at Hillcrest Arcadia.

The record at Hillcrest Arcadia was set by a 2,530 sq ft four-bedroom unit that changed hands for $3.1 million ($1,226 psf) in August 2022, netting a profit of $2.19 million for the sellers.

Hillcrest Arcadia is 272-unit development completed in 1980 with a mix of one- to four-bedroom units. The record is held by a 2,530 sq ft four-bedroom unit that changed hands for $3.1 million ($1,226 psf) in August 2022, netting a profit of $2.19 million for the sellers.

Whether for a luxurious living or a sound investment option, Jalan Loyang Besar EC is a promising choice. Jalan Loyang Besar EC offers a unique blend of urban convenience and natural serenity, making it an ideal residential location in Singapore. With easy access to major expressways, roads, and MRT stations, this development offers unparalleled connectivity. The ongoing development in the area further adds to the appeal of this Jalan Loyang Besar Residences, making it a desirable choice for families, professionals, and investors. Its prime location in one of Singapore’s most dynamic and evolving neighborhoods also offers great investment potential. With its combination of luxurious living and sound investment opportunities, Jalan Loyang Besar EC is an excellent choice for anyone looking for a balanced and vibrant community to call home.

the estate has a mix of one- to four-bedroom units ranging from 452 sq ft to 2,896 sq ft, with a single 2,325 sq ft, four-bedroom unit on the top floor. The Line @ Tanjong Rhu is a freehold development located along Tanjong Rhu Road in District 15. It contains 130 residential units within a single 20-storey tower.

The most unprofitable transaction of the week in review occurred at The Line @ Tanjong Rhu with the sale of a 570 sq ft two-bedroom unit. The fourteenth-floor unit was sold on Feb 16 for $1.02 million ($1,788 psf) after it was purchased for $1.32 million ($2,314 psf) in 2013.

Thus, the seller suffered a loss of $300,000 (22.7%) after ten years, making it the most unprofitable transaction at The Line to date. The record previously belonged to a one-bedroom unit that sold for $1.02 million ($2,430 psf) in August 2020, resulting in a loss of $191,000.

The Line @ Tanjong Rhu is a freehold development located along Tanjong Rhu Road in District 15. It contains 130 residential units within a single 20-storey tower. The estate has a mix of one- to three-bedroom apartments ranging from 420 sq ft to 2,960 sq ft, with a single 2,325 sq ft, four-bedroom unit on the top floor. The Line @ Tanjong Rhu was completed in 2016.

The most unprofitable transaction of the week in review occurred at The Line @ Tanjong Rhu with the sale of a 570 sq ft two-bedroom unit (Photo: Google Street View)

The record for most unprofitable transaction at The Line @ Tanjong Rhu was set with the sale of a one-bedroom unit for $1.02 million ($2,430 psf) in August 2020, resulting in a loss of $191,000. The most recent transaction occurred on Feb 16 with the sale of a 570 sq ft two-bedroom unit for $1.02 million ($1,788 psf), resulting in a loss of $300,000 after a holding period of ten years.

The seller of the four-bedroom, 2,885 sq ft apartment at Ardmore Park raked in a profit of $7.066 million after it sold for $12.9 million ($4,472 psf) on Feb 16, making it the most profitable resale transaction recorded in the week of Feb 13 to 20. This transaction also earned the record for the fourth highest profitable deal at Ardmore Park and the third highest by psf price so far.

Ardmore Park is a 330-unit freehold condo located in the prestigious Ardmore Park area in prime District 10. Developed by Wharf Estates Singapore, formerly known as Wheelock Properties, the high-end condo was completed in 2001 and has three 30-storey towers.

The transaction that set the record at Ardmore Park occurred in April 2020 with the sale of an 8,740 sq ft duplex penthouse unit for $27.65 million ($3,163 psf), netting a profit of $11.65 million. The seller had held the unit since January 1998 when they purchased it for $16 million ($1,831 psf).

In July 2022, Ardmore Park set a new price high at $4,881 psf after a four-bedroom apartment changed hands for $14.08 million. This transaction occurred after a holding period of nearly 20 years.

Hillcrest Arcadia witnessed the second most profitable resale transaction of the week with the sale of a four-bedroom, 2,325 sq ft unit that turned a profit of $1.83 million (159%). The 10th-floor unit was purchased for $1.15 million ($495 psf) in Sept 1995 and sold on Feb 16 for $2.98 million ($1,282 psf). This translates to an annualised profit of 3.4% over 28 years and is the third most profitable resale transaction at Hillcrest Arcadia.

The record at Hillcrest Arcadia was set by a 2,530 sq ft four-bedroom unit that changed hands for $3.1 million ($1,226 psf) in August 2022, resulting in a profit of $2.19 million for the sellers. This development was completed in 1980 and has a mix of one- to four-bedroom units.

The Line @ Tanjong Rhu witnessed the most unprofitable transaction of the week with the sale of a 570 sq ft two-bedroom unit. The fourteenth-floor unit was sold on Feb 16 for $1.02 million ($1,788 psf) after it was purchased for $1.32 million ($2,314 psf) in 2013. This resulted in a loss of $300,000 (22.7%) for the seller, making it the most unprofitable transaction at The Line to date.

The previous record belonged to a one-bedroom unit that sold for $1.02 million ($2,430 psf) in August 2020, resulting in a loss of $191,000. The Line @ Tanjong Rhu is a freehold development completed in 2016.