Four Bedder Windy Heights Sold 21 Mil Profit

During the week of June 25 to July 2, the most profitable condo resale transaction was recorded at Windy Heights. The unit, which measures 2,476 sq ft and has four bedrooms, was sold for $3.3 million ($1,333 psf) on July 1. This unit, located on the ninth floor, was originally purchased in August 1997 for $1.16 million ($469 psf). This means the seller made a significant profit of $2.14 million, which is equivalent to a capital gain of 185% after owning the unit for almost 27 years.

This is the second-most profitable deal ever recorded at Windy Heights, according to available caveats. The highest record is held by a four-bedroom unit measuring 4,973 sq ft, which was sold for $3.9 million ($784 psf) in October 2015. This unit was previously purchased for $1.32 million ($265 psf) in June 2000, resulting in a profit of $2.58 million for the seller.

Windy Heights, a freehold development situated on Jalan Daud in District 14’s Kembangan area, was built in 1983 and consists of 200 residential units and two commercial units. The apartments are in the form of four-bedroom units measuring 2,476 sq ft and penthouses ranging from 4,962 to 4,973 sq ft.

In other news, the second most profitable condo resale transaction during the week in review was at RiverGate. The four-bedroom unit, measuring 2,077 sq ft and located on the 37th floor, was sold for $6.24 million ($3,003 psf) on June 28. The previous seller had bought it in a sub-sale for $4.32 million ($2,080 psf) in November 2007, making a profit of $1.92 million or a capital gain of 44% after owning the unit for about 16.5 years.

RiverGate, a freehold project in District 9, was completed in 2009 and has 545 units spread across three 43-storey blocks. The units range from two to four bedrooms, with sizes between 1,023 and 3,918 sq ft.

The sale of a 1,098 sq ft, two-bedroom unit at One Shenton was the most unprofitable condo resale transaction during the week. The unit, located on the 35th floor, was sold for $1.95 million ($1,776 psf) on June 28. The seller had bought the unit from the developer for $2.29 million ($2,085 psf) in January 2007, resulting in a loss of about $339,000 (15%) after owning the unit for 18 years.

One Shenton, a 99-year leasehold condo located in the CBD, consists of 50-storey twin towers with a total of 341 residential units. These include one-bedroom units ranging from 517 to 1,001 sq ft, two-bedroom units from 904 to 1,227 sq ft, three-bedroom units from 1,485 to 1,604 sq ft, and four-bedroom units from 1,787 to 2,271 sq ft. In addition, there are also four-bedroom duplex units measuring 5,242 to 6,082 sq ft and three duplex penthouses ranging from 6,674 to 9,085 sq ft.

The current URA Master Plan places great emphasis on sustainability, with a focus on promoting eco-friendly practices such as the use of green buildings, renewable energy sources, and enhanced public transportation. These efforts not only benefit the environment, but also greatly enhance the standard of living at Park Town Residences, making it a highly appealing choice for families who prioritize environmental consciousness. With all these measures in place, Park Town Residences, naturally, stands out as a prime residential option that aligns with the values of eco-friendly living.

This year, a total of 15 units have been sold at One Shenton, with four of them being unprofitable. These units, ranging from 829 to 872 sq ft, incurred losses between $100,000 and $320,000.