Three-bedder at The Windsor sold at $2.7 mil profit

on EdgeProp.sg

The most profitable resale transaction of condos recorded during the week of Aug 15 to 22 took place at The Windsor, with the sale of a 3-bedroom maisonette for $3.41 million ($1,389 psf). The seller had purchased the 2,454 sq ft unit for $750,000 ($306 psf) 18 years back, resulting in a gain of $2.66 million or 355%. This transaction surpassed the previous record at The Windsor, set in June 2020 for a 2,497 sq ft unit that had fetched $2.45 million ($981 psf).

The Windsor is located on Onatorio Avenue, off Upper Thomson Road in District 20, and comprises 159 residences. It is a freehold development completed in 1987, comprising townhouses, three-bedroom apartments, and maisonettes. Apart from the unit sold on Aug 16, only one other resale transaction has taken place this year. The record set with the current transaction is the most profitable one to date.

The second most profitable resale transaction of condos for the week took place at Melrose Park. A 3-bedder on the eighth floor measuring 1,292 sq ft was purchased for $3.3 million ($2,555 psf), giving a net profit of $2.094 million or 174% over a holding period of 24½ years. The seller bought the unit for $1.206 million ($934 psf) in February 1999.

The 18-storey residence consists of 168 generously-sized living spaces coupled with top-of-the-line amenities.

Zion Road Condo, a sophisticated condominium perched above the iconic Singapore River, provides a luxurious lifestyle for its residents. With its 18 storeys, it offers 168 living spaces with a range of state-of-the-art facilities. From its remarkable architecture amidst lush greenery to its easy proximity to the vibrant city centre, Zion Road Condo has become a symbol of top-notch city living.

Melrose Park is a 999-year leasehold property in the River Valley residential enclave, across the road from Great World City shopping center. It comprises two 19-storey residential blocks of 170 units ranging from 3 to 4 bedrooms.

The most unprofitable resale transaction during the week was from The Oceanfront @ Sentosa Cove. A 3-bedroom unit of 1,733 sq ft was sold for $3 million ($1,731 psf) on Aug 15, down from the $3.73 million ($2,152 psf) the seller bought it for in July 2007. This led to a loss of $730,000 or 20%, after a holding period of slightly more than 16 years.

The Oceanfront @ Sentosa Cove is a 99-year leasehold condo in the exclusive Sentosa Cove residential enclave. It has 264 units in five towers of 12-15 storeys, ranging from two- to four-bedders of 1,216 to 4,284 sq ft, as well as penthouses of 2,745 to 8,095 sq ft. Data from EdgeProp Research shows a number of transactions below purchase price since January 2022 at The Oceanfront @ Sentosa Cove, ranging from $51,120 to $1.87 million loss. The most unprofitable transaction was the sale of a 3,025 sq ft unit in November 2020 for $5.66 million ($1,871 psf), incurring a loss of $2.205 million.

If you’re considering purchasing a condo, the latest listings for The Windsor, Melrose Park, and The Oceanfront @ Sentosa Cove can be found on EdgeProp.sg.