Resale unit at Ardmore Park rakes in $6.7 mil profit

EdgeProp Singapore

December 3, 2021



SINGAPORE (EDGEPROP) - The sale of a 2,885 sq ft, four-bedroom unit at Ardmore Park was the most profitable resale transaction between Nov 9 and 23. The luxury unit on the 23rd floor was sold for $11 million ($3,813 psf) on Nov 17. The unit had been bought for $4.28 million ($1,482 psf) back in April 1999. As a result, the seller earned a profit of $6.73 million (157%), which translates to an annualised profit of 4.3% over nearly 23 years.

This is the most profitable resale transaction at Ardmore Park this year. The luxury condominium has recorded 12 resale transactions over the past 11 months, and only one has been unprofitable.

Four resale transactions at Ardmore Park this year now claim the top spots in terms of highest psf price transacted for a unit there. The record is another 2,885 sq ft unit that fetched $11.3 million ($3,917 psf) on Oct 28. It is followed by the resale transaction on Nov 17. Another unit changed hands for $10.8 million ($3,744 psf) on Aug 6, while yet another unit was sold for $10.75 million ($3,726 psf) on Oct 4.

Read more at: https://www.edgeprop.sg/property-new...-67-mil-profit