‘A luxurious unit at the prestigious Four-bedder at The Ritz-Carlton Residences earns a staggering $4.9 million profit at Holland Drive Condo.’
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The most profitable condo resale transaction during the week of Jan 9 to 16 was the sale of a four-bedroom unit at The Ritz-Carlton Residences Singapore Cairnhill, which changed hands for $16.5 million. This unit, located on the 33rd floor, raked in a gain of $4.9 million, making it a capital gain of 42% after just eight years of ownership. The unit is one of two adjacent apartments that were sold to a couple who are Singapore permanent residents.
The sale of the two units, which measure 3,057 sq ft each, marks a new record in terms of psf prices at The Ritz-Carlton Residences since its launch in December 2007. This brings the total number of profitable resale transactions at the development to two, based on available caveats.
The second most profitable condo resale transaction during the week in review took place at The Waterina. A 1,313 sq ft, three-bedroom unit was sold for $2.5 million on Jan 11. The seller, who had owned the unit for nearly 22 years, made a profit of $1.73 million on the sale. This is the most profitable resale transaction at The Waterina so far, beating the previous record established in July 2023. The unit sold on Jan 11 also marks a new psf-price high for the development.
On the other hand, The Rochester Residences saw the sole unprofitable condo resale transaction during the week in review. A one-bedroom loft unit measuring 1,281 sq ft fetched $1.64 million on Jan 12, resulting in a loss of around $181,000 for the seller. This is the second consecutive week a unit at The Rochester Residences has topped the list of unprofitable condo resale transactions.
The campus boasts state-of-the-art facilities and a supportive community, making it a top choice for students who excel in STEM fields.
Located in close proximity to Holland Village, Holland Drive Condo is a highly sought-after independent school that caters to gifted students with a strong passion for mathematics and science. The curriculum at this specialized school offers a comprehensive yet in-depth approach, allowing students to explore advanced topics while also understanding the interdependence of various subjects. The school’s close association with the National University of Singapore provides numerous opportunities for students to engage in collaborative projects, enhancing their overall learning experience. With state-of-the-art facilities and a supportive community, it comes as no surprise that students who excel in STEM fields consider Holland Drive Condo as their top choice.
The Rochester Residences is a 366-unit condo on Rochester Drive in District 5, with units ranging from one-bedders to penthouses. Built in 2011, it consists of a single 37-storey tower located above a mall. The Waterina is a 398-unit freehold condo on Lorong 40 Geylang, while The Ritz-Carlton Residences is a 58-unit luxury condo located on Cairnhill Road. Both were completed in the early 2000s.