Unit at Valley Park reaps $3.2 mil profit

EdgeProp Singapore

February 18, 2022



The seller of a unit at Valley Park, on River Valley Road, made the top gain of $3.2 million over the week of Feb 1 to 8. The 3,940 sq ft unit on the 20th floor was bought for $3.8 million ($965 psf) in April 2000 and sold for $7 million ($1,777 psf) on Feb 8. The seller therefore made an 84% profit, or an annualised profit of 3% over almost 22 years.

Located in District 10, Valley Park was completed in 1997 and comprises 728 units on a 999-year leasehold. It is an 11-minute walk to the upcoming Great World MRT Station on the Thomson-East Coast Line.



The second top gain made over the week — a 131% profit of $2.55 million — was at Jaya Tower, on Bukit Timah Road. The 2,142 sq ft unit on the 15th floor was purchased for $1.95 million ($910 psf) in June 2009 and sold for $4.5 million ($2,101 psf) on Feb 4. This means that the seller made an annualised profit of 7% over almost 13 years.

Read more at: https://www.edgeprop.sg/property-new...-32-mil-profit