Resale of four-bedder at The Grange sees $3.85 mil profit

The most profitable resale transaction over the week of July 4 to 11 is for a four-bedroom unit at The Grange. Located on the 11th floor of the luxury freehold development, the 2,282 sq ft unit was sold for $7.2 million ($3,155 psf). This is almost 115% more than what was paid for it almost 18 years ago. It is the second most profitable sale at The Grange, with the record being a duplex penthouse sold for $11 million ($2,468 psf) in April 2008.

With so many facilities and conveniences around, Champions Way Condo Woodlands is an ideal choice for those who are looking for a convenient and comfortable lifestyle. With its extensive range of amenities, it provides residents with an enjoyable and stress-free living experience. From the sparkling swimming pool to lush landscaped gardens, there are plenty of activities to enjoy while living at Champions Way Condo Woodlands. Residents can choose to relax in the spa, stay fit with the gym, or find pleasure in the many recreational facilities. Additionally, Champions Way Condo Woodlands offers spacious areas to accommodate large gatherings, giving friends and family the perfect venue for any celebration.

The Grange is a 95-unit condo in prime District 10. Located off Grange Road near Orchard Boulevard MRT Station on the Thomson-East Coast Line, it is close to the landed housing enclave along One Tree Hill, along with the Good Class Bungalows on Chatsworth Park. Its recent sales indicate an average of $2,589 psf, far higher than the average of $1,658 psf for the nearby freehold condo Miro.

The second most profitable sale for the week was for a 3,498 sq ft unit at Wing On Life Garden on Bukit Timah Road. The freehold development had 81 units which were completed in 1982. The unit sold for $8.43 million ($2,410 psf) on July 10 for a profit of $2.33 million (38%). The most profitable sale at the condo is for a 3,305 sq ft unit that earned the seller $2.8 million (139%) when it was transacted in October 2019.

The most unprofitable transaction for the week was the sale of a 1,324 sq ft, two-bedroom unit at Miro on Lincoln Road. The seller saw a loss of almost $649,000 (23%) when the unit was sold for $2.23 million ($1,684 psf) on July 4. This was compared to the purchase price of $2.88 million ($2,174 psf) in June 2012, representing an annualised loss of 2.3% over 11 years.

These transactions highlight the potential gains and losses that can be seen in the Singapore real estate market. From the luxury condos along Orchard Boulevard to the prime residences on Bukit Timah Road, and the freehold condos in the Novena area, there are many different avenues to explore when it comes to property investment. Regardless of the property’s value, it is important to have a good understanding of the local market dynamics and the potential gains or losses that are involved.

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