During the week of Sept 3 to Sept 10, the most profitable condo resale transaction was recorded at Botanic Gardens View, with a three-bedroom unit selling for $4.13 million ($2,353 psf) on Sept 9. This marks the most profitable resale deal ever recorded at the development, surpassing the previous top gain of $3.14 million in August 2019. The 1,755 sq ft unit had been purchased for approximately $862,000 in 1998, resulting in a capital gain of 379% for the seller who had held onto the property for 26 years.Built in 1970, Botanic Gardens View is a freehold condominium located in prime District 10. With 144 units across four blocks, the development offers two- and three-bedroom units ranging from 1,259 sq ft to 1,755 sq ft. It is situated just opposite the Singapore Botanic Gardens.Read also: Two units at Draycott Eight for sale at $14 mil The second most profitable resale transaction during the same week was for a three-bedroom unit at Regency Park, which was sold for $5.13 million ($2,278 psf) on Sept 5. The seller made a profit of $3.24 million, having purchased the unit for $1.89 million in 2002. This reflects a capital gain of 172% for the seller who owned the property for 22 years and 8 months.Regency Park is a freehold condominium at Nathan Road, off Grange Road and River Valley Road. With eight 25-storey residential blocks comprising 292 apartments, the development offers three-bedroom units from 2,250 sq ft and four-bedroom units from 3,649 sq ft. It is located near the Bishopsgate-Chatsworth Good Class Bungalow enclave and is within a five-minute drive to Great World City shopping mall and Orchard Road.The most unprofitable condo resale deal during the same week was recorded at The Scotts Tower, where a one-bedroom unit was sold for $1.3 million ($1,948 psf) on Sept 3. The seller incurred a loss of $916,400 after purchasing the unit from the developer for $2.22 million in 2011.The Scotts Tower is a 231-unit, 103-year leasehold development situated along Scotts Road in District 9. It comprises one- to three-bedroom apartments ranging from 624 sq ft to 904 sq ft and four-bedroom penthouses from 1,227 sq ft to 1,389 sq ft. Completed in 2016, it is the only condominium in District 9 to feature a car elevator that brings cars up to the units.Overall, there were two resale transactions recorded at Botanic Gardens View in 2021, while there was only one at Regency Park and The Scotts Tower respectively. However, the most profitable deal at Botanic Gardens View surpassed the top gain of $3.14 million recorded in 2019, while the $3.24 million profit at Regency Park is the second-highest profit recorded at the development so far this year.As for The Scotts Tower, the most unprofitable transaction in the past week follows an earlier loss of $1.39 million in April this year. Based on the recent resale prices, the average capital gains at Botanic Gardens View, Regency Park and The Scotts Tower are 83%, 109%, and 66% respectively.
Evaluating the potential rental yield is a crucial step in considering a condo investment. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore Projects, rental yields can greatly vary depending on factors such as location, property condition, and market demand. Generally, areas with high rental demand, such as those near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of a particular condo’s rental potential, it is essential to conduct thorough market research and consult with real estate agents who are knowledgeable about the area. Their insights can provide valuable information on rental demand and trends.
The sale of a three-bedroom unit at Botanic Gardens View was the most profitable condo resale transaction during the week of Sept 3 to Sept 10, fetching $4.13 million ($2,353 psf) on Sept 9. The seller, who had owned the 1,755 sq ft unit for 26 years, netted a gain of $3.27 million, reflecting a capital gain of 379%. This marks the most profitable resale deal ever recorded at Botanic Gardens View, surpassing the previous top gain of $3.14 million in August 2019.
Located in prime District 10, Botanic Gardens View is a freehold condo at Taman Serasi with 144 units across four blocks. The development offers two- and three-bedroom units ranging from 1,259 sq ft to 1,755 sq ft and is situated just opposite the Singapore Botanic Gardens.
The second most profitable resale transaction during the week was recorded at Regency Park, with a three-bedroom unit selling for $5.13 million ($2,278 psf) on Sept 5. The seller made a profit of $3.24 million, reflecting a capital gain of 172% after owning the unit for 22 years and 8 months.
Regency Park is a freehold condo at Nathan Road, off Grange Road and River Valley Road, comprising eight 25-storey residential blocks and 292 apartments. It offers three-bedroom units from 2,250 sq ft and four-bedroom units from 3,649 sq ft, and is located near the Bishopsgate-Chatsworth Good Class Bungalow enclave and within a five-minute drive to Great World City shopping mall and Orchard Road.
The most unprofitable condo resale deal during the week was recorded at The Scotts Tower, where a one-bedroom unit was sold for $1.3 million ($1,948 psf) on Sept 3. The seller incurred a loss of $916,400 after purchasing the unit from the developer for $2.22 million in 2011.
The Scotts Tower is a 231-unit, 103-year leasehold development situated along Scotts Road in District 9. It comprises one- to three-bedroom apartments ranging from 624 sq ft to 904 sq ft and four-bedroom penthouses from 1,227 sq ft to 1,389 sq ft. Completed in 2016, it is the only condominium in District 9 to feature a car elevator that brings cars up to the units.
Overall, there were only two resale transactions recorded at Botanic Gardens View in 2021, while there was only one at Regency Park and The Scotts Tower respectively. However, the most profitable deal at Botanic Gardens View surpassed the top gain of $3.14 million recorded in 2019, while the $3.24 million profit at Regency Park is the second-highest profit recorded at the development so far this year.
As for The Scotts Tower, the most unprofitable transaction in the past week follows an earlier loss of $1.39 million in April this year. Based on the recent resale prices, the average capital gains at Botanic Gardens View, Regency Park and The Scotts Tower are 83%, 109%, and 66% respectively.