Unit at Hazel Park Condominium reaps $2.4 mil profit

EdgeProp Singapore

November 18, 2021



SINGAPORE (EDGEPROP) - The seller of a unit at Hazel Park Condominium, on Hazel Park Terrace, made the top gain of $2.41 million over the week of Nov 2 to 9. The 2,874 sq ft unit on the 19th floor was bought for $1.19 million ($412 psf) in April 2002 and sold for $3.59 million ($1,249 psf) on Nov 5. The seller therefore made a 203% profit, or an annualised profit of 6% over almost 20 years.

Located in District 23, Hazel Park Condominium was completed in 2000 and comprises 696 units on a 999-year leasehold. It is a five-minute walk to Cashew MRT Station on the Downtown Line.



The second top gain made over the week — a 45% profit of $1.97 million — was at One Devonshire, on Devonshire Road. The 2,400 sq ft unit on the 25th floor was purchased for $4.35 million ($1,812 psf) in July 2009 and sold for $6.32 million ($2,633 psf) on Nov 3. This means that the seller made an annualised profit of 3% over 12 years.

Read more at: https://www.edgeprop.sg/property-new...-24-mil-profit