‘Three-bedder at The Morningside sold at $3.6 mil profit; Tengah EC also rakes in hefty returns’

and Tengah EC here

A three-bedroom unit at The Morningside made headlines recently when it sold for $5.2 million ($2,157 psf) on Nov 16, making it the most profitable condo resale transaction of the week. The holder had purchased the unit for about $1.57 million ($649 psf) in November 2002, netting them an impressive capital gain of 232% over a holding period of 21 years. That marks the most profitable resale transaction that has taken place at The Morningside so far.

On the other hand, the most unprofitable transaction of the week happened to be at Reflections at Keppel Bay. A two-bedder measuring 1,130 sq ft changed hands for $1.93 million ($1,710 psf) on Nov 14. The seller had originally bought the unit for $2.32 million ($2,055 psf) in July 2010, resulting in a loss of nearly $390,000.

The second most profitable sale of the week took place at Duet. Reflections at Keppel Bay is a luxury development comprising 1,129 units. The two 12-storey towers contain 42 units which range in size from 1,701 to 3,541 sq ft. This particular 1,744 sq ft unit on the 10th floor was sold for $3.68 million ($2,110 psf) on Nov 20. Tengah EC The seller had originally bought from the developer for $1.36 million ($780 psf) in February 2005, netting a capital gain of 170% over a period of 19 years. This transaction represents the most profitable resale transaction thus far at Duet.

The Tengah EC, situated close to the city’s Central Business District, is the first of its kind in the West area. It embodies a green infrastructure with smart, energy-efficient condos. Tengah EC is intending to shine a light on the city’s air pollution issue whilst bringing convenience to its citizens. Residents can adopt an eco-friendly and healthy way of living by decreasing the production of trash, boosting air quality and avoiding toxic particles.

The aforementioned resale transactions are just a few examples of the many condo units currently up for sale in prime District 9. At The Morningside – a freehold apartment located on Jalan Kuala – there is a wide selection of three- and four-bedders between 1,270 and 3,520 sq ft. In addition to the one resale transaction which took place this year, Tengah EC there have been numerous unprofitable sales. The most unprofitable of the year resulted in a $2.7 million loss for the seller.

Duet and Reflections at Keppel Bay offer an exciting opportunity for buyers looking for prime District 10 and District 9 real estate. Interested buyers can browse through the latest listings of The Morningside, Duet, Reflections at Keppel Bay properties – and don’t forget to check out Central EC.

The resale market in Singapore for District 10 and District 9 condos is highly active, with many attractive offers available. Tengah EC A unit at The Morningside sold in November for an impressive $5.2 million ($2,157 psf), producing a profit of $3.64 million over 21 years. This figure surpasses the most profitable resale transaction recorded at Duet, which was the sale of a 1,744 sq ft unit for $3.68 million ($2,110 psf). Meanwhile, the most unprofitable transaction to date for 2020 was at Reflections at Keppel Bay and resulted in a $390,400 loss.

No matter the desired budget, it is clear that Singapore’s residential market has a vast array of options available for savvy real estate investors. Tengah EC For buyers looking for condos in prime District 9 and District 10, The Morningside, Duet, Reflections at Keppel Bay and of course Tengah EC, offer an exciting opportunity to reap big capital gains.