Four-bedder at Grange Infinite sold at $2.4 mil loss

April 8, 2022



SINGAPORE (EDGEPROP) - The most unprofitable resale transaction during the week of March 22 to 29 was the sale of a 2,573 sq ft, four-bedroom unit at Grange Infinite. The 19th-floor unit changed hands for $5.8 million ($2,255 psf) on March 22. The property had been bought for $8.24 million ($3,202 psf) in September 2007. Thus, the seller suffered a $2.44 million (30%) loss, which translates to an annualised loss of 2.4% over 14 years.

Grange Infinite is a freehold luxury condominium on Grange Road in prime District 9. It was completed in 2011. Nearby high-end residential developments include New Futura, OUE Twin Peaks, Horizon Towers, and 8 St Thomas. The condo is also close to the Orchard Road shopping belt.

Grange Infinite comprises a single 36-storey residential block with 68 apartments. It has a mix of three- and four-bedroom units of 2,088 to 2,702 sq ft. The most unprofitable resale transaction recorded for the condo was for a 2,702 sq ft unit that fetched $6.05 million ($2,239 psf) in December 2016. That unit had been bought for $9.19 million ($3,400 psf) in September 2009. Thus, the seller suffered a loss of $3.14 million (34%), which translates to an annualised loss of 5.6% over seven years.



According to EdgeProp’s Price Trends analytics tool, Grange Infinite has seen a steady decline in the average selling price of units over the past 15 years. The average price has dropped from about $3,112 psf in September 2007 to about $2,056 psf as of March 2022.

Conversely, the most profitable resale transaction during the week occurred at Palm Spring in District 10. A 1,884 sq ft, four-bedroom unit was sold for $3.99 million ($2,123 psf) on March 24. The property had been purchased for $2.55 million ($1,354 psf) in October 2007. As a result, the seller earned a profit of $1.45 million (57%), which translates to an annualised profit of 3.2% over 14½ years.

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