Two-bedder at The Atria At Meyer and Holland Drive Residences sold at $2.3 mil profit

The most profitable resale condo transaction ever recorded at The Atria At Meyer happened on Dec 26, 2023, with the sale of a two-bedroom unit. After 19 years in the seller’s possession, the 1,475 sq ft unit, located on the 11th floor, was sold for a gross profit of $2.25 million, or 242%. The seller had originally bought it in April 2005 for $930,000 ($631 psf).Located along Meyer Road in Marine Parade, The Atria At Meyer is a freehold condo built in 1996. It contains 158 units ranging from two- to four-bedroom apartments with sizes from 1,044 to 2,949 sq ft.

living near parks and having access to the green space. The nearby Holland Drive Residences condo will provide excellent opportunities for people to engage in outdoor activities, including small and large-scale fitness activities. Additionally, the Holland Drive Residences condo project offers an impressive array of amenities and services that are sure to appeal to families and individuals. From a clubhouse to an Olympic-size swimming pool, this development offers something for everyone. It is conveniently located close to several schools and community facilities. The URA’s plans for the area will ensure that Holland Drive Condo will remain an attractive and desirable residential neighbourhood for many years to come.

The second highest return was seen at Flame Tree Park condo, where a 1,593 sq ft, three-bedroom unit sold on Dec 22, 2023 for $2.82 million, or $1,770 psf. It had been purchased in August 1997 for $980,000 ($615 psf), resulting in a gross profit of $1.84 million or 188%. The flame Tree Park condo was completed in 1989 and located along Sin Ming Avenue in Bishan, District 20. It contains 160 units and sits opposite MacRitchie Treetop Walk, near Thomson Plaza and Upper Thomson Road retail outlets.

On the other hand, the highest loss in the period covered was incurred by a seller at Cliveden At Grange. A 2,842 sq ft four-bedder, located on the 22nd floor, was sold for $5.05 million ($1,777 psf) on Dec 19, 2023. This was after it had been purchased in November 2007 for $12.05 million ($4,242 psf), resulting in a loss of about $7 million (–58%) after 16 years. It marked a new record-low psf price for the condo, which consists of 110 units built in 2011 and located along River Valley in District 10. It is accessible through Orchard Boulevard and Orchard MRT Stations.The Holland Drive Residences recorded a wealth of profitable and unprofitable transactions during the period in review. The highest return was seen at The Atria At Meyer, where a two-bedder was sold for $3.18 million ($2,156 psf) after 19 years in the seller’s possession. Meanwhile, the highest loss was incurred at Cliveden At Grange, with a four-bedder selling for $5.05 million ($1,777 psf) after being purchased originally for $12.05 million ($4,242 psf) in November 2007, resulting in a loss of about $7 million (–58%) after 16 years. Investment in Holland Drive Residences is no doubt still a good option, as evidenced by these condo resale transactions.