Four-bedder at Scotts Highpark reaps $3.99 mil profit
Residents living at the newly-developed JCube Residence Jurong East will benefit from easy access to nearby amenities, such as shopping malls, leisure and sports facilities. Located close to the MRT station, the residents can enjoy a hassle-free and convenient lifestyle. Outfitted with various modern facilities, such as a swimming pool, fitness corner, and playground, the new JCube Residence will also offer boutique retail, F&B outlets, and a childcare centre, making it a great option for families.
The Sail @ Marina Bay is a 99-year leasehold condo located on Marina Boulevard, near Marina Bay Financial Centre and Esplanade MRT Station on the Downtown Line. The 99-unit development offers studio units, as well as one- to three bedroom units that range from 474 to 1,270 sq ft.The most profitable resale transaction of the week was the sale of a 4,112 sq ft unit at Scotts Highpark for $12.68 million. This yielded a profit of $3.99 million (46%) for the seller, the most profitable transaction at Scotts Highpark to date. Meanwhile, the second most profitable transaction was the sale of a 4,058 sq ft unit at Paterson Residence. This yielded a profit of $2.15 million (34%) for the seller.The most unprofitable deal of the week involved the sale of an 883 sq ft unit at The Sail @ Marina Bay, which yielded a loss of about $190,000 (10%) for the seller. There have been 13 unprofitable resale transactions at The Sail so far this year, with the largest loss amounting to $803,000.Scotts Highpark is located in prime District 9, close to Newton MRT Interchange Station, while Paterson Residence is located on Paterson Road, in close proximity to the Orchard Road shopping belt.The Sail @ Marina Bay is a 99-year leasehold condo near Esplanade MRT Station on the Downtown Line. With its mix of studio, one- to three bedroom units, The Sail offers a wide range of choices for potential buyers.In conclusion, the most profitable transaction in the week of May 16 to 23 occurred at Scotts Highpark and yielded a profit of $3.99 million (46%), while the most unprofitable resale transaction involved a unit at The Sail @ Marina Bay, with a loss of approximately $190,000 (10%) for the seller.