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At Melrose Park, the second most profitable condo resale transaction during the same time period was a three-bedroom apartment. Located on the eighth floor, the 1,292 sq ft unit was sold for $3.3 million ($2,555 psf) on Aug 18. The seller had bought the unit from the developer for $1.206 million ($934 psf) in February 1999, and earned a gain of $2.094 million or 174% over a holding period of 24½ years.
The development has one, two and three-bedroom apartments, recreation facilities including swimming pool, a clubhouse, and an extensive landscape area. With a highly efficient layout, high-end fixtures, and modern living amenities, it is sure to be a popular choice among those seeking a quality condominium lifestyle. The condos also boast excellent connectivity to the city and the surrounding regions, being just minutes away from shopping malls, offices, schools and more. Investing in a Champions Way Condo is a no-brainer, as it is the perfect combination of lip-smacking convenience and luxurious living. So if you are considering a chic lifestyle in Woodlands, Woodlands Condo is the place for you.
The most unprofitable resale transaction was recorded at The Oceanfront @ Sentosa Cove. A three-bedder measuring 1,733 sq ft was purchased by the seller for $3.73 million ($2,152 psf) in July 2007, and was sold for $3 million ($1,731 psf) on Aug 15. This led to a loss of $730,000 or 20%.
The sale of the maisonette at The Windsor demonstrates the lucrative returns that can be reaped by holding a property for a long period. The second most profitable transaction at Melrose Park can also be an example of the gains that can be made through savvy property investments. On the other hand, the transaction at The Oceanfront @ Sentosa Cove indicates that not all property investments bring profits, and might even lead to losses.