New Reporter
21-04-23, 10:27
Five-bedder at Parc Stevens sold for $2.65 mil profit
April 20, 2023
The sale of a first-floor unit at Parc Stevens, a condo on Stevens Drive, off Stevens Road in prime District 10, was the most profitable condo resale transaction recorded during the week of April 4 to 11 based on caveats lodged. The 3,466 sq ft, five-bedroom unit fetched $7.86 million ($2,265 psf) on April 10. It had been purchased by the seller for $5.2 million ($1,500 psf) in April 2007. This means they netted a profit of $2.65 million (51%) after holding the unit for 16 years.
The transaction marks the highest psf-price recorded at Parc Stevens, and the first unit to change hands this year. It is also the second most profitable transaction ever recorded at the development. The most profitable transaction occurred last May after a 3,305 sq ft unit on the fourth floor changed hands for $6.23 million ($1,885 psf). The seller, who bought the unit for $4.23 million ($1,059 psf) in July 2005, made a gain of $2.73 million.
Parc Stevens is a 48-unit freehold condo that was completed in 2000. It comprises three lowrise blocks spanning four storeys each. Units are a mix of three- to five-bedders from 1,722 to 3,466 sq ft. The condo is a five-minute walk to the Stevens MRT Station, which is an interchange for the Downtown and Thomson-East Coast Lines.
The second most profitable transaction recorded during the week in review took place at Yong An Park, a freehold condo in the River Valley area. A four-bedroom unit measuring 3,434 sq ft on the 10th floor changed hands for $8.1 million, or $2,359 psf on April 6. The seller bought the unit for $6.02 million ($1,753 psf) in March 2012. Thus, they clocked a gain of $2.08 million (35%) over a holding period of 11 years.
This is the second unit at Yong An Park to change hands to date this year. In March, a 1,808 sq ft unit on the seventh floor was sold for $4.25 million ($2,350 psf). Before that, a 1,023 sq ft unit on the ninth floor had fetched $2.4 million ($2,347 psf) last December.
More at: https://www.edgeprop.sg/property-news/five-bedder-parc-stevens-sold-265-mil-profit
April 20, 2023
The sale of a first-floor unit at Parc Stevens, a condo on Stevens Drive, off Stevens Road in prime District 10, was the most profitable condo resale transaction recorded during the week of April 4 to 11 based on caveats lodged. The 3,466 sq ft, five-bedroom unit fetched $7.86 million ($2,265 psf) on April 10. It had been purchased by the seller for $5.2 million ($1,500 psf) in April 2007. This means they netted a profit of $2.65 million (51%) after holding the unit for 16 years.
The transaction marks the highest psf-price recorded at Parc Stevens, and the first unit to change hands this year. It is also the second most profitable transaction ever recorded at the development. The most profitable transaction occurred last May after a 3,305 sq ft unit on the fourth floor changed hands for $6.23 million ($1,885 psf). The seller, who bought the unit for $4.23 million ($1,059 psf) in July 2005, made a gain of $2.73 million.
Parc Stevens is a 48-unit freehold condo that was completed in 2000. It comprises three lowrise blocks spanning four storeys each. Units are a mix of three- to five-bedders from 1,722 to 3,466 sq ft. The condo is a five-minute walk to the Stevens MRT Station, which is an interchange for the Downtown and Thomson-East Coast Lines.
The second most profitable transaction recorded during the week in review took place at Yong An Park, a freehold condo in the River Valley area. A four-bedroom unit measuring 3,434 sq ft on the 10th floor changed hands for $8.1 million, or $2,359 psf on April 6. The seller bought the unit for $6.02 million ($1,753 psf) in March 2012. Thus, they clocked a gain of $2.08 million (35%) over a holding period of 11 years.
This is the second unit at Yong An Park to change hands to date this year. In March, a 1,808 sq ft unit on the seventh floor was sold for $4.25 million ($2,350 psf). Before that, a 1,023 sq ft unit on the ninth floor had fetched $2.4 million ($2,347 psf) last December.
More at: https://www.edgeprop.sg/property-news/five-bedder-parc-stevens-sold-265-mil-profit