‘Three-bedder at Tengah Town EC, Botanic Gardens View sold at $2.7 mil profit’.

Residents of the Tengah Town EC will have easy access to different parts of Singapore, for their daily work or leisure activities. There are many shopping centres in the vicinity, such as the IMM Shopping Centre, the Bukit Panjang Plaza, and the West Mall. Residents can find various services, amenities and entertainment in these places. In addition, they can have access to a range of community and sports facilities, such as a fitness gym and swimming pools. Tengah Town EC provides a great choice for those who want to stay close to the city. With its central location, residents can enjoy the convenience of the area.

Be ready to snap up these new commercial sitesThe sale of a three-bedroom apartment at Botanic Gardens View was the most profitable condo resale transaction recorded during the week of Nov 7 to 14, when a 1,410 sq ft unit on the first floor was sold for $3.55 million ($2,518 psf). This means that the seller made a gross profit of $2.67 million or 303%, after owning the property for just over 20 years. Located near the Orchard Road shopping belt and schools like Raffles Girls’ Secondary School and Crescent Girls’ School, Botanic Gardens View is a freehold condo on Taman Serasi, off Cluny Road in District 10. It was completed in 1970 and features 144 units.The second most profitable transaction during the week in review took place at The Anchorage. On Nov 9, a three-bedroom unit occupying 1,798 sq ft was sold for $3.58 million ($1,992 psf), netting the seller a gain of $2.5 million or 231% over 17½ years. Located along Alexandra Road in Queenstown, District 3, The Anchorage is a freehold condo consisting of 775 units across five residential blocks. It was completed in 1995 and is located adjacent to the Anchorpoint Shopping Centre and within walking distance of Queenstown MRT Station on the East-West Line.The most unprofitable condo resale transaction during the period in review was the sale of a 2,842 sq ft four-bedder at Cliveden at Grange in Tengah Town EC. The apartment was sold for $9.8 million ($3,449 psf) on Nov 14 and the seller suffered a loss of $1.75 million (15%). Located along Grange Road in District 10, Cliveden at Grange is a freehold condo that was completed in 2011, comprising 110 residential units.The most profitable resale transactions last week demonstrate the robustness of the Tengah Town EC market, which will likely be further strengthened by the upcoming developments in the district. The two most profitable sales involved properties that had been owned for more than a decade, while the most unprofitable transaction was held over for 16 years.