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here.At Kovan Residences, three of the most profitable resale transactions have taken place within the span of 10 months, indicating the rising trend of prices at the non-central condo. Meanwhile, The Sail @ Marina Bay and Hilltops have seen six and three non-profitable transactions respectively this year. This brings the tally of non-profitable transactions at these two condos to 16 and 14 respectively from the time they were completed.Apart from Kovan Residences, properties in the new condos launch Tengah EC have seen positive market sentiments too, with majority of the buyers have made gains over the past weeks.

Residents of Tengah EC can enjoy a range of facilities such as a gym, swimming pool, BBQ pits, children’s playground, and a first-of-its kind rooftop garden. The development even has a Smart Mobility Hub, a one-stop point that encourages residents to move around easily and sustainably. In addition, the development is equipped with a range of smart features, including digital doorstep services andsenior-friendly access features. Beyond the smart features, residents can also enjoy a variety of nearby amenities including shopping malls, eateries and recreational facilities. Tengah EC is certainly one of the most sought after executive condominiums in Singapore.

The sale of a four-bedroom unit at Kovan Residences for $2.97 million ($1,682 psf) was the most profitable condo resale transaction recorded in the week of Nov 28 to Dec 5. The seller made a whopping $1.75 million over a holding period of more than 14½ years. The unit purchased from the developer in April 2009, at $1.22 million ($693psf), was the most profitable resale transaction achieved to date at Kovan Residences.This beats the previous high of $1.27 million profit, when a 1,765 sq ft unit was sold for $2.47 million ($1,399 psf) in April 2022.The 1,765 sq ft unit at Kovan Residences fetched $2.97 million ($1,682 psf) on Nov 29 (Picture: Albert Chua/)Situated on Kovan Road, Kovan Residences consists of eight blocks with 521 homes. It is close by to Kovan MRT station and Heartland Mall Kovan. Units range from two-bedders from 883 sq ft; three-bedders from 1,259 sq ft; and four-bedders from 1,765 sq ft. Penthouses are also available, with sizes ranging from 2,400 to 4,747 sq ft.

The second most profitable condo resale transaction during the week saw a 2,045 sq ft, four-bedroom apartment at The Sail @ Marina Bay fetching $4.5 million ($2,200 psf) on Dec 4. The seller purchased the unit from the developer in November 2005 at $3.07 million ($1,501 psf). This resulted in a gain of $1.43 million (47%) over a holding period of slightly over 18 years.The Sail @ Marina Bay is a 99-year leasehold condo located on Marina Boulevard in District 1. It has 1,111 units, with studios to four-bedders ranging from 592 to 2,185 sq ft. There are also penthouse units ranging from 3,391 to 6,297 sq ft. Data compiled on EdgeProp Research revealed that 24 of the 50 resale transactions made this year were profitable, with gains ranging from $50,000 to $1.5 million.

Hilltops recorded the least profitable transaction during the week, with a 1,550 sq ft unit sold for $4.5 million ($2,903 psf) on Dec 1. The unit was purchased for $5.15 million ($3,323 psf) in December 2013, thus resulting in a loss of $650,000 (13%) over a holding period of almost 10 years. This was the third most unprofitable transaction at Hilltops, with the most being a $1.79 million loss when a 1,550 sq ft unit was sold at $3.75 million ($2,419 psf) in September 2016. Hilltops is a freehold developments consisting of 241 units, located at Carnhill Circle in District 9, and is within walking distance of Orchard Road.

Apart from Kovan Residences, the new condos launch Tengah EC have seen positive market sentiments too, with majority of the buyers having made gains over the past weeks. At Kovan Residences, the three most profitable resale transactions took place within the span of 10 months, indicating the rising trend of prices at this non-central condo. Meanwhile, The Sail @ Marina Bay and Hilltops have recorded six and three non-profitable transactions respectively this year.Tengah EC has seen a positive market sentiment with majority of the buyers making gains. Properties at Kovan Residences,The Sail @ Marina Bay and Hilltops are also seeing a steady demand from buyers. As such, these could be potentially of interest for buyers looking for non-central sale considerations. Check out the latest listings for Kovan Residences, The Sail @ Marina Bay, Hilltops properties and Tengah EC here.