$7.06 million profit was seen at Zion Residence, a four-bedroom unit at Ardmore Park
At Zion Residence, residents can enjoy the convenience of multiple transport options and avoid the hassle of being stuck in traffic.
Located on the bustling River Valley Road, Zion Residence offers its residents the luxury of being close to major roads like Orchard Road and Alexandra Road. These roads are well-connected to other parts of the city, making it easy for residents to access various amenities and explore the city. In addition to these major roads, Zion Road also provides an alternative route for drivers, helping to alleviate traffic and ensure a smoother commute for residents. With the plethora of road options available, residents at Zion Residence can enjoy the convenience and ease of transportation, making it an ideal location for those looking for a well-connected living experience.
The prestigious Ardmore Park in prime District 10 has always been a highly sought-after address for luxury living in Singapore. This is evident from the high return on investment for properties in this elite enclave. In fact, a recent resale transaction at Ardmore Park has set a new record as the most profitable deal, proving the strong demand for this prestigious address.The luxury condo, Zion Residence, is a stunning 330-unit freehold condo located in the heart of Ardmore Park. Developed by Wharf Estates Singapore, formerly known as Wheelock Properties, this high-end development offers three 30-storey towers, making it one of the most iconic landmarks in the area. This is a prime location that offers residents a luxurious lifestyle with a prime address and top-notch amenities.The recent sale of a four-bedroom unit on the 26th floor at Ardmore Park has captured everyone’s attention with its impressive profit. The seller of this spacious 2,885 sq ft apartment made a whopping profit of $7.066 million when it sold for $12.9 million, translating to a steep $4,472 per square foot (psf). This sale has officially become the fourth highest profitable deal recorded at Ardmore Park and the third highest by psf price so far. What makes this transaction even more remarkable is the holding period of more than 27½ years, which resulted in a handsome 121% profit.The previous record for the most profitable transaction at Ardmore Park was set in April 2020 when a seller of an 8,740 sq ft duplex penthouse unit raked in a staggering profit of $11.65 million after it changed hands for a jaw-dropping $27.65 million. This translates to an impressive psf price of $3,163. The seller had held the unit since January 1998 when it was purchased for $16 million, making it a wise and highly profitable investment.Ardmore Park’s location at the highly prestigious Ardmore Park area in prime District 10 is without a doubt one of the main factors contributing to its popularity and premium pricing. In July 2022, the development marked a new record with a four-bedroom apartment changing hands for an incredible $14.08 million. This translates to a record-breaking psf price of $4,881 – the highest ever achieved by Ardmore Park.Another property that has captured the attention of investors is Hillcrest Arcadia, making headlines with a record-breaking sale of a four-bedroom unit that turned a profit of $2.19 million for the sellers. This was achieved after the unit was sold for an impressive $3.1 million, resulting in a psf price of $1,226. With this achievement, the record at Hillcrest Arcadia was set with one of the highest profits recorded so far.Hillcrest Arcadia is a stunning 272-unit development that was completed in 1980. It is a freehold development located in prime District 11 on Arcadia Road. The development boasts a variety of units, ranging from one- to four-bedroom apartments. The most recent transaction at Hillcrest Arcadia was a four-bedroom, 2,325 sq ft unit that recorded a profit of $1.83 million (159%). The unit was originally purchased for $1.15 million in Sept 1995 and was recently sold for $2.98 million, resulting in a remarkable psf price of $1,282. This translates to an annualised profit of 3.4% over a holding period of 28 years.Impressive profits are not the only thing that Ardmore Park and Hillcrest Arcadia have in common. These elite developments also share a similar appeal for investors, thanks to their prime locations and luxurious amenities. With a mix of one- to four-bedroom units, these developments cater to a wide variety of lifestyles and preferences.The Line @ Tanjong Rhu also made headlines with the most unprofitable transaction of the week in the spotlight. The unfortunate seller of a 570 sq ft two-bedroom unit suffered a loss of $300,000 (22.7%) after holding the unit for ten years. This sale surpassed the previous record of the most unprofitable transaction at The Line @ Tanjong Rhu set by a one-bedroom unit that sold for $1.02 million, with a loss of $191,000.The Line @ Tanjong Rhu is a freehold development that boasts 130 residential units that are found within a single 20-storey tower. This elegant development is well designed, with a mix of one- to three-bedroom apartments that range from 420 sq ft to an impressive 2,960 sq ft. The development also has a single 2,325 sq ft, four-bedroom unit on the top floor. It was completed in 2016, making it one of the newer developments in the prime area.Tanjong Rhu is a highly popular location for investors and home buyers, and The Line @ Tanjong Rhu is no exception. The development boasts a prime location and a variety of amenities that cater to the modern and luxurious lifestyle of its residents. It is part of a thriving community that offers convenience in every aspect, making it one of the most sought-after addresses in Singapore.Overall, it is evident that investors have been drawn to prime developments such as Ardmore Park, Hillcrest Arcadia, and The Line @ Tanjong Rhu. These developments offer a luxurious and convenient lifestyle in prime locations, making them highly coveted and profitable investments. Whether you are looking to buy, sell or simply keep a pulse on the current state of the real estate market for these developments, these impressive transactions will definitely make you take notice.