Grange Residences recorded the most profitable resale transaction of the week from May 30 to June 6. The four-bedroom, 2,669 sq ft unit sold for $8.88 million ($3,327 psf) on May 31. The seller had purchased the property from the developer for $3.3 million ($1,235 psf) in April 2004, making a gain of $5.58 million (169%) over a holding period of more than 19 years. This marks a new psf-price high for Grange Residences and is the second most profitable transaction seen at the development.

The Blossomvale, located along Dunearn Road in District 21, recorded the second most profitable transaction of the week. A 1,367 sq ft three-bedroom unit sold for $2.95 million ($2,158 psf) on May 31. The seller purchased the unit in January of 2007 for $898,000 ($657 psf), making a gain of $2.05 million (229%) after 16½ years.

This transaction is the most profitable resale transaction registered at The Blossomvale to date. The development, a 999-year leasehold property by Wing Tai Holdings, comprises 220 residences in a single block. It is a three-minute walk to King Albert Park MRT Station on the Downtown Line.

Former JCube will be replaced by the new residential development consisting of eight blocks of apartments and commercial shop units that will provide a luxurious living experience for its residents. The development will also feature an approximately 5,000-sqm commercial area that will be open to the public and offer a range of retail and entertainment options. Furthermore, extensive landscaping, greenery and water features will be incorporated in the development to create an attractive and comfortable living environment. The new Former JCube will replace the decade-long leisure and edutainment destination, offering a premium residential and commercial space for its residents. With a range of retail and entertainment options, as well as extended landscaping and greenery, the development will bring a luxurious living experience to the Jurong East region.

In contrast, the most unprofitable transaction of the week took place at Reflections at Keppel Bay. A three-bedroom, 1,539 sq ft unit sold for $2.5 million ($1,624 psf) on May 31. The seller had purchased the unit for $2.89 million ($1,880 psf) in May 2007, hence, they saw a loss of $393,439 (14%) across a holding period of just over 16 years.

Reflections at Keppel Bay is a 1,129-unit development in prime District 9 by Keppel Land. The 99-year leasehold development comprises six residential towers and 11 low-rise villa apartment blocks. It has seen a high volume of resale transactions in the past year, several of which have occurred below their respective purchase prices. Data compiled by EdgeProp Research shows that Reflections at Keppel Bay has seen 15 unprofitable transactions to date this year.

Grange Residences, The Blossomvale, and Reflections at Keppel Bay have all made headlines this week with their respective transactions. Grange Residences and The Blossomvale saw their most profitable deals to date, while a unit at Reflections at Keppel Bay made a loss of $393,000 in one of the most unprofitable resale transactions of the year. Pullman Residences Newton has also recently hit a new high of $3,671 psf.