Throughout the week of Sept 29 to Oct 6, a four-bedroom unit in Elizabeth Heights in prime District 9 attained the top advantage of $2.7 million. The 2,530 sq ft unit on the fourth floor has been bought in May 1999 for about $ 1.73 million ($684 psf) and transformed hands on October 2 for $4.45 million ($1,759 psf). The 157% gain translates into an annualised gain of 7.3% more than 21 decades.
Provence Residence showflat is set to be high due to its attractive location. Provence Residence is situated between the upcoming Canberra MRT station and Sembawang MRT station.
Elizabeth Heights is a freehold condo along Cairnhill Road containing 90 units. Furthermore, It’s an eight-minute stroll to Newton MRT Station on the North-South and Downtown Lines.
In March, the selling of some other unit in Elizabeth Heights created a gain of $2.54 million. Retailing for $1.96 million ($785 psf) in November 1999 and sold for approximately $ 4.5 million ($1,802 psf) on March 9, the seller of this 2,497 sq ft unit on the 12th floor generated a 130% gain, or an annualised gain of 4% more than 20 decades.
The 2nd most lucrative deal has been completed at Belmond Green, in District 10. The seller got a 140% gain of $1.23 million, or even an 8.5% annualised gain more than than 16 decades.
Belmond Green is a 211-unit freehold condo along Balmoral Road, and has been finished in 2004 by CapitaLand. The construction is 12 storeys high. Belmond Green is at proximity to Newton MRT Station and Newton Food Centre.