Three-bedder at The Windsor sold at $2.7 million profit

A 3 bedder unit in The Windsor, with a size of 2,452 square feet, was transacted recently, becoming the most profitable resale condominium transaction based on caveats lodged with URA during the week of Aug 15 to 22. The 3 bedder unit which was transacted for $3.41 million was purchased in August 2005 by the seller for $750,000, translating to a gross capital gains of $2.66 million, raking in a gross profit of 355% over a holding period of 18 years, making the most profitable resale transaction that has taken place at The Windsor to date. The previous record established was triumphed when a 2,497 sq ft unit sold for $2.45 million ($981 psf). the unit was then acquired by the seller for $860,000 ($344 psf) in August 2005, which means they rake in jaw-dropping profit of $1.59 million. Located off Upper Thomson Road, on Onatorio Avenue in District 20, The Windsor is a freehold development that was completed in 1987. The Windsor comprises of 159 apartments from nine townhouses at 2,497 sq ft each, three-bedroom apartments with multiple configurations ranging from 936 to 1,797 sq ft, and maisonettes of 1,819 to 3,853 sq ft each. Besides the unit sold on Aug 16, there has been only one other resale transaction at The Windsor to date this year. In March, a 2,013 sq ft unit fetched $2.95 million ($1,466 psf). The second most profitable condo resale transaction during the week in review when three-bedroom residence in Melrose Park was sold. The 1,292 sq ft unit on the eighth floor was transacted at $3.3 million ($2,555 psf) on Aug 18. the unit was previously acquired by the seller from the developer for $1.206 million ($934 psf) in February 1999. Therefore, they make a nett gain of $2.094 million or 174% over a holding period of a quarter century. Proudly constructed by CapitaLand, Melrose Park is located on Kellock Road, off River Valley Road in prime District 10, is a 999-year leasehold property. completed in 2000, The two 19-storey residential blocks with 170-unit development is in the River Valley residential enclave, located across the road from Great World City shopping centre which seamlessly connects to Great World MRT Station on the Thomson-East Coast Line. The development comprises wide spectrum of layout with unit mix includes three- to four-bedroom units ranging from 1,292 to 3,412 sq ft. Each block also has six penthouse units on the 19th floor that range from 3,606 to 5,231 sq ft.

Pinetree Hill Condominium Developer Singapore


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