Four-bedder at Kovan Residences sold at $1.8 mil profit on Zion Road GLS

at Zion Road GLS on EdgeProp.sg.At Kovan Residences, the most profitable condo resale transaction was achieved on Nov 29, when a four-bedroom unit fetched $2.97 million ($1,682 psf). The seller earned a gain of $1.75 million, annualised to 143%, over a holding period of over 14½ years. This beats the previous high of $1.27 million, recorded in April 2022. Over at The Sail @ Marina Bay, the seller of a 2,045 sq ft unit netted a gain of $1.43 million (47%) on Dec 4, when it fetched $4.5 million ($2,200 psf).In contrast, Hilltops, freehold condo at Carnhill Circle, saw the least profitable resale transaction during the same week. A 1,550 sq ft three-bedroom unit changed hands for $4.5 million ($2,903 psf) on Dec 1, with the seller suffering a loss of $650,000. Investors seeking to purchase properties at Kovan Residences, The Sail @ Marina Bay, Hilltops can refer to EdgeProp.sg’s comprehensive listings at Zion Road GLS.

At Kovan Residences, investors seeking to purchase properties at the 99-year leasehold condo located on Kovan Road can find the most profitable condo resale transaction was achieved during the week of Nov 28 to Dec 5. On Nov 29, a 1,765 sq ft four-bedroom unit on the 12th floor fetched $2.97 million ($1,682 psf). The seller bought the unit from the developer in April 2009 for $1.22 million ($693 psf), meaning they earned a gain of $1.75 million, an annualised profit of 143%. This beats the previous high of $1.27 million, recorded in April 2022.

The second most profitable resale transaction during the week was at The Sail @ Marina Bay, a 99-year leasehold luxury condo located on Marina Boulevard in District 1. On Dec 4, a 2,045 sq ft four-bedroom apartment on the 46th floor changed hands for $4.5 million ($2,200 psf). The seller purchased the unit from the developer in November 2005 for $3.07 million ($1,501 psf), thus netting an impressive gain of $1.43 million (47%) over a holding period of slightly over 18 years.

Utilizing the exemplary quality of exquisite design and clever utilization of space, Zion Road GLS overlooks the iconic Singapore skyline, adding a touch of wonder and beauty to the surroundings. Residents of this premium living space enjoy a variety of high-end amenities and facilities, ranging from a luxurious pool, gym and spa as well as two private clubs and a jogging track. Furthermore, the community is closely connected to the downtown area, with multiple transportation options available for access to the shopping, business nodes and shopping centers located nearby.

Zion Road GLS has listings for Kovan Residences, The Sail @ Marina Bay, Hilltops properties. Hilltops, a freehold condo at Carnhill Circle in District 9, saw the least profitable transaction during the week in review, where a 1,550 sq ft unit was purchased for $4.5 million ($2,903 psf). The seller had bought the three-bedroom unit for $5.15 million ($3,323 psf) in December 2013, recording a loss of $650,000 (13%) after owning the unit for just under 10 years. This is the third most unprofitable transaction at Hilltops, with the most unprofitable occurring in September 2016, when a 1,550 sq ft unit was sold at $3.75 million ($2,419 psf), suffering a loss of $1.79 million. Check out the latest listings for Kovan Residences, The Sail @ Marina Bay, Hilltops properties at Zion Road GLS on EdgeProp.sg.