Four Bedroom Unit Sovereign Sold 27 Mil Profit

At Poi Ching School, students receive a comprehensive education that emphasizes bilingualism and character development. The school’s core values, known as the “5Cs” – Character, Compassion, Competence, Confidence, and Creativity – serve as a framework for guiding students’ growth. By prioritizing both academic excellence and holistic development, the school has a proven track record of producing outstanding students. In addition, Poi Ching School offers a diverse range of co-curricular activities to support the all-round development of its students. These opportunities are further enhanced by the natural and tranquil setting of Parktown Residence Condo, which aligns with the school’s commitment to providing a well-rounded education. For more information about this residential development, please visit Parktown Residence Condo.

The most profitable condo resale transaction during the week of Sept 10 to 17 was recorded at The Sovereign, with the sale of a four-bedroom unit for $6.2 million ($2,351 psf) on Sept 10. The seller had originally purchased the 2,637 sq ft unit in May 2016 for $3.5 million ($1,327 psf), resulting in a profit of $2.7 million (77%) after owning the unit for slightly over eight years.The Sovereign, located in prime District 15 on Meyer Road, is a freehold condominium built in 1993. The single residential tower comprises 87 units, with four-bedders ranging from 2,637 to 3,305 sq ft. It is within walking distance to the upcoming Tanjong Katong MRT Station on the Thomson-East Coast line.Following closely behind The Sovereign was Maple Woods, where a four-bedroom unit on the eighth floor was sold for $5 million ($1,665 psf) on Sept 10. The seller had originally bought the 3,003 sq ft unit from the developer in September 1998 for $2.4 million ($798 psf). This resulted in a profit of $2.6 million (109%) after owning the unit for 26 years.Maple Woods, located on Bukit Timah Road in District 10, is a freehold development completed in 1997. It features 697 residences ranging from two- to four-bedders, with sizes from 850 to 3,003 sq ft. It is within a five-minute walk to King Albert Park MRT Station and close to amenities such as Methodist Girls’ School and the Rail Corridor.On the other hand, The Orchard Residences saw the most unprofitable condo resale transaction during the week with the sale of a four-bedroom unit for $10.25 million ($3,593 psf) on Sept 10. The seller had originally purchased the unit from the developer in May 2010 for $12 million ($4,207 psf), resulting in a loss of $1.75 million (15%) after owning the unit for around 14 years.The Orchard Residences, a luxury condo on Orchard Road, is the residential component of Ion Orchard. It was built in 2010 and features 175 units of three- to four-bedders ranging from 1,808 to 2,852 sq ft. It is linked to Orchard MRT Interchange Station (North-South and Thomson-East Coast Lines) and is close to amenities such as shopping and dining at Ion Orchard. The Sovereign recorded the most profitable condo resale transaction during the week of Sept 10 to 17, with a four-bedroom unit selling for $6.2 million after being purchased for $3.5 million in May 2016. Maple Woods saw the second most profitable condo resale deal, with a four-bedroom unit selling for $5 million after being bought from the developer in September 1998 for $2.4 million. On the other hand, The Orchard Residences recorded the most unprofitable condo resale transaction, with a four-bedroom unit selling for $10.25 million after being purchased from the developer in May 2010 for $12 million.