Four-bedroom unit at Juniper at Ardmore rakes in $3.25 mil profit

EdgeProp Singapore

January 21, 2022

SINGAPORE (EDGEPROP) - The most profitable deal during the week of Jan 4 to 11 was the sale of a 3,520 sq ft, four-bedroom unit at Juniper at Ardmore. This unit on the second floor was sold for $10.25 million ($2,912 psf) on Jan 5, after it had been bought for $7 million ($1,989 psf) in April 2017. Thus, the seller raked in a profit of $3.25 million (46%), which translates to an annual profit of 8.3% over five years.

Prior to this, the last time a similar-sized four-bedroom unit changed hands at Juniper at Ardmore was in October 2016. That was when a unit on the 16th floor was sold for $7.45 million ($2,117 psf). That unit had been purchased for $8.85 million ($2,514 psf) in January 2011 and the seller suffered a loss of $1.4 million (15%), which is an annual loss of 3% over six years.

Developed by MCL Land and completed in 1991, the 20-unit, freehold Juniper at Ardmore has predominantly large four-bedroom apartments with typical sizes ranging from 3,197 to 4,069 sq ft. It has two 5-bedroom penthouses of 6,006 sq ft and 6,684 sq ft.

The 6,006 sq ft penthouse changed hands for $15 million ($2,497 psf) in January last year. It was last sold for $5.6 million ($932 psf) in August 2005.

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