Four-bedroom unit at The Claymore sold for $5.2 mil profit

April 14, 2022



SINGAPORE (EDGEPROP) - The sale of a 3,348 sq ft, four-bedroom unit at The Claymore was the most profitable resale transaction during the week of March 29 to April 5. The 26th-floor apartment was sold for $11.18 million ($3,342 psf) on March 31. It had been bought for $5.97 million ($1,785 psf) in July 1995. Thus, the seller earned a profit of $5.2 million (87%), which translates to an annualised profit of 2.4% over almost 27 years.

This makes it the third most profitable resale transaction at The Claymore to date. The record is still held by the sale of a 4,919 sq ft unit on the 25th floor for $17 million ($3,456 psf) in April 2020. That unit previously fetched $7.99 million ($1,626 psf) in March 2002. As a result, the seller earned a record profit of $9 million (112%), which translates to an annualised profit of 4.2% over 18 years.

The Claymore is a freehold condominium that was completed in 1985. It has three- to five-bedroom units of 2,680 to 4,919 sq ft. The 146-unit development is along Claymore Road in prime District 9. It faces the American Club and is beside the Royal Thai Embassy. Other luxury residential developments in the vicinity include Sculptura Ardmore, Ardmore Park, and Le Nouvel Ardmore.

The second most profitable resale transaction during the week occurred at Yong An Park, a 288-unit freehold development on River Valley Road. A 1,959 sq ft, three-bedroom unit on the third floor was sold for $4.2 million ($2,144 psf) on April 5. The unit had been bought for $1.44 million ($735 psf) in October 1999. Thus, the seller earned a profit of $2.76 million (192%), which translates to an annualised profit of 4.9% over 22½ years.

This is the second resale transaction recorded at Yong An Park this year. On Jan 20, a 3,229 sq ft, four-bedroom unit on the 20th floor changed hands for $7 million ($2,168 psf). The unit had been purchased for $5.79 million ($1,796 psf) in November 1995. The seller earned a $1.2 million profit (20%), which translates to an annualised profit of 2% over 27 years.

Read more at: https://www.edgeprop.sg/property-new...-52-mil-profit