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on EdgeProp.sgThe most profitable condo resale transaction in Singapore for the week of Sept 5 to 12 was the sale of a three-bedroom apartment at Country Grandeur. The 1,442 sq ft unit on the third floor changed hands for $2.72 million ($1,886 psf) on Sept 6, giving the seller a capital gain of 196% after a holding period of more than 28 years.

The second most profitable condo resale for the week was a three-bedroom apartment at The Regency at Tiong Bahru, which was sold for $3.088 million ($2,411 psf) on Sept 7. The seller of the 1,281 sq ft unit had bought it for $1.4 million ($1,093 psf) in August 2009, netting them a gain of $1.688 million or 121% over a holding period of about 14 years.

However, for the week one unprofitable transaction was recorded at Urban Vista. A 549 sq ft one-bedder was sold for $810,000 ($1,476 psf) on Sept 7, which was lower than the seller had purchased it for in March 2013 at approximately $819,600 ($1,493 psf). This resulted in a loss of approximately $9,500 or 1%.

Country Grandeur is a freehold development on Lorong Puntong in the Bishan area of District 20. It was completed in 1996 and has 68 residences, all of which are three-bedders of 1,442 sq ft. The unit sold on Sept 6 was the first unit there to change hands since the transaction on Oct 28, 2020, and also marked a new psf-price high for the development.

The Regency at Tiong Bahru is a freehold development by UOL Group located at Chay Yan Street in District 3. Completed in 2010, it comprises two to four-bedroom units of between 926 to 1,636 sq ft. In addition to the units sold on Sept 7 and March 21, the development has seen five other resale transactions this year, all of which have been profitable for the respective sellers.

Urban Vista is a 99-year leasehold condo on Tanah Merah Kechil Link in District 16. The 582-unit development was completed in 2016 and has one- to five-bedders of between 431 and 1,862 sq ft. Data shows there have been four other resale transactions at the development this year, three of which have occurred below purchase price.

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Check out the latest listings for Country Grandeur, The Regency At Tiong Bahru and Urban Vista on EdgeProp.sg.

The week of Sept 5 to 12 was especially profitable for condo resale transactions in Singapore, with three of the transactions setting new records. The most profitable was the sale of a 1,442 sq ft three-bedroom unit at Country Grandeur which netted the seller a gain of 196%. Not far behind was the sale of a 1,281 sq ft three-bedroom unit at The Regency at Tiong Bahru, which resulted in a gain of 121%. Unfortunately, one unprofitable transaction was also recorded at Urban Vista, resulting in a loss of around $9,500 for the seller.