Three-bedder at Tomlinson Heights rakes in $1.95 mil profit

April 1, 2022



The sale of a 2,745 sq ft, three-bedroom unit at Tomlinson Heights was the most profitable resale deal during the week of March 15 to 22. The unit on the 27th floor was transacted for $10.13 million ($3,690 psf) on March 22.

The unit had been purchased for $8.18 million ($2,980 psf) in June 2015. This means that the seller made a profit of $1.95 million (24%), which translates to an annualised profit of 3.2% over nearly seven years.

Tomlinson Heights is a 70-unit freehold luxury development that was completed in 2014. It is located along Tomlinson Road, off Paterson Road, in prime District 10. The development comprises three-bedroom units of 2,745 sq ft, five-bedroom units of 4,047 sq ft, and a pair of 5,490 sq ft penthouses.



Based on URA caveats, the transaction on March 22 is also the most profitable one recorded so far at the development. The previous record was for the sale of another 2,745 sq ft three-bedder on the fifth floor on Nov 12 last year. That unit fetched $8.8 million ($3,206 psf). The seller had bought it at $7.65 million ($2,789 psf) in May 2015. The seller thus made a $1.14 million (15%) profit, which translates to an annualised profit of 2% over 6½ years.

According to EdgeProp’s Price Trends tool, the average sales price at Tomlinson Heights has been on an uptrend over the past six years. Based on resale transactions at the condo over the past 12 months, the average resale price at Tomlinson Heights is about $3,352 psf.



The second most profitable transaction during the week was for a 1,808 sq ft, four-bedroom unit at Trevista. The unit fetched $2.92 million ($1,619 psf) on March 18. It had been bought at $1.55 million ($855 psf) in September 2009. Thus, the seller made a profit of $1.38 million (89%), which translates to an annualised profit of 5.2% over 12½ years.

Read more at: https://www.edgeprop.sg/property-new...195-mil-profit