Three-bedder at Country Grandeur sold at $1.8 mil profit

At Country Grandeur, a freehold development on Lorong Puntong, off Sin Ming Avenue in the Bishan area of District 20, a sale of a three-bedroom, 1,442 sq ft unit on the third floor netted the seller a capital gain of 196% over a holding period of 28 years. The unit changed hands for $2.72 million ($1,886 psf) on September 6, after being purchased from the developer in May 1995 for $920,000 ($638 psf), resulting in a profit of $1.8 million. This is the most profitable resale transaction to have taken place at Country Grandeur to date, surpassing the previous record of a 1,442 sq ft unit sold for $2.6 million ($1,803 psf) on October 28, 2022.

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The second most profitable condo resale transaction during the week of September 5 to 12 was the sale of a three-bedroom unit at The Regency at Tiong Bahru, a freehold development by UOL Group located in District 3. The 1,281 sq ft unit on the 22nd floor at Chay Yan Street changed hands for $3.088 million ($2,411 psf) on September 7. The seller had bought the unit for $1.4 million ($1,093 psf) in August 2009, resulting in a gain of $1.688 million or 121% over a holding period of 14 years. This is the second most profitable resale transaction recorded at The Regency at Tiong Bahru.

On the other hand, there was only one unprofitable transaction recorded during the week of September 5 to 12, which took place at Urban Vista, a 99-year leasehold condo in District 16. A one-bedder measuring 549 sq ft changed hands for $810,000 ($1,476 psf) on September 7. It was purchased by the seller for $819,600 ($1,493 psf) in March 2013, resulting in a loss of around $9,500 or 1%, after a holding period of 10 and a half years.

Data compiled on EdgeProp Research shows there have been four other resale transactions at Urban Vista this year that occurred below purchase price. On June 27, the seller of an 893 sq ft unit netted a loss of about $121,000 when it was sold for $1.235 million ($1,382 psf).

Check out the latest listings for Country Grandeur, The Regency At Tiong Bahru and Urban Vista condominium properties for more information.