reporter2
15-01-22, 10:19
Four-bedroom unit at Goldenhill Park rakes in $1.67 mil profit
EdgeProp Singapore
January 14, 2022
https://i.imgur.com/FrhaGFT.jpg
SINGAPORE (EDGEPROP) - The sale of a 1,539 sq ft, four-bedroom unit at Goldenhill Park Condominium was the most profitable resale transaction recorded during the week of Dec 28, 2021, to Jan 4, 2022. The unit fetched $2.75 million ($1,787 psf) on Dec 29 last year. It had been purchased for $1.08 million ($703 psf) in May 2001. As a result, the seller earned a profit of $1.67 million (154%), which translates to an annual profit of 4.6% over nearly 21 years.
Another unit at this freehold development that was sold during the week also made it into the most profitable list as the third highest profitable resale deal. It involved the sale of a 1,335 sq ft, three-bedroom unit that changed hands for $2.43 million ($1,821 psf) when it was sold on Jan 3. The unit had been bought for $1.13 million ($843 psf) in May 2007. Thus, this seller raked in a profit of $1.31 million (116%), which translates to an annual profit of 5.4% over nearly 15 years.
https://i.imgur.com/uq5bW3X.png
A new record resale profit was achieved at Goldenhill Park Condominium last year when a 2,928 sq ft, three-bedroom penthouse unit on the 20th floor was sold for $4.02 million ($1,373 psf) on April 26. The seller had bought the unit for $1.96 million ($669 psf) in June 2001. Thus, he earned a record profit of $2.06 million (105%), which translates to an annual profit of 3.7% over 20 years.
Read more at: https://www.edgeprop.sg/property-news/four-bedroom-unit-goldenhill-park-rakes-167-mil-profit
EdgeProp Singapore
January 14, 2022
https://i.imgur.com/FrhaGFT.jpg
SINGAPORE (EDGEPROP) - The sale of a 1,539 sq ft, four-bedroom unit at Goldenhill Park Condominium was the most profitable resale transaction recorded during the week of Dec 28, 2021, to Jan 4, 2022. The unit fetched $2.75 million ($1,787 psf) on Dec 29 last year. It had been purchased for $1.08 million ($703 psf) in May 2001. As a result, the seller earned a profit of $1.67 million (154%), which translates to an annual profit of 4.6% over nearly 21 years.
Another unit at this freehold development that was sold during the week also made it into the most profitable list as the third highest profitable resale deal. It involved the sale of a 1,335 sq ft, three-bedroom unit that changed hands for $2.43 million ($1,821 psf) when it was sold on Jan 3. The unit had been bought for $1.13 million ($843 psf) in May 2007. Thus, this seller raked in a profit of $1.31 million (116%), which translates to an annual profit of 5.4% over nearly 15 years.
https://i.imgur.com/uq5bW3X.png
A new record resale profit was achieved at Goldenhill Park Condominium last year when a 2,928 sq ft, three-bedroom penthouse unit on the 20th floor was sold for $4.02 million ($1,373 psf) on April 26. The seller had bought the unit for $1.96 million ($669 psf) in June 2001. Thus, he earned a record profit of $2.06 million (105%), which translates to an annual profit of 3.7% over 20 years.
Read more at: https://www.edgeprop.sg/property-news/four-bedroom-unit-goldenhill-park-rakes-167-mil-profit