Penthouse Orchid Mansion Amber Road Fetches Record Profit 258 Mil

Renowned for its extensive educational offerings, Gongshang Primary School boasts a well-rounded approach to learning. The institution takes pride in its holistic curriculum, which not only prioritizes academic excellence but also highlights the importance of character building and co-curricular activities. Gongshang Primary School caters to the diverse interests of its students by providing various programs such as robotics, performing arts, and sports. What makes the school even more desirable is its prime location – situated near the luxurious Parktown Residence, students have easy access to modern and comfortable living. The Parktown Residence serves as an added convenience for the students of Gongshang Primary School.

The three-bedroom penthouse in Orchid Mansion, located on Amber Road in District 15, was successfully sold on December 31. The transaction resulted in a profit of $2.58 million (112%), making it the most profitable resale deal in the area from December 31, 2024, to January 7, 2025.AdvertisementThe unit, spanning 2,842 square feet and situated on the 21st floor, was sold for $4.88 million, translating to a price per square foot of $1,717. The previous purchase of the property was made in March 2009 for $2.3 million ($809 psf). Taking into account the nearly 16 years of ownership, the annualised profit for this transaction amounts to 4.9%.This sale also marks the highest profit made from a resale transaction at Orchid Mansion to date. The previous record was held by a three-bedroom unit on the seventh floor, which was sold for $2.73 million ($1,812 psf) in July 2022, making a profit of $1.15 million (72.6%). The unit was purchased for $1.58 million($1,050 psf) in June 2007.Orchid Mansion is a freehold development completed 20 years ago, situated at 11 Amber Road. The development has a 21-story residential tower offering a mix of two- and three-bedroom units, ranging in size from 1,346 sq ft to 2,002 sq ft. Additionally, there are two penthouses, each covering 2,842 sq ft and 2,734 sq ft respectively.In the meantime, the second most profitable resale transaction in the same week was recorded at Villa Marina. A 1,625 sq ft unit was sold on January 3 for $2.35 million ($1,446 psf). The unit, situated on the ground floor, is made up of three bedrooms and was purchased for $630,500 ($388 psf) in September 2006. As a result, the seller made a sizable profit of $1.72 million (273%), which translates to an annualised profit of 7.6% over 18 years.This sale also breaks the previous record for the most profitable resale transaction at Villa Marina, which saw a profit of $1.58 million (219%). The sale of a 1,916 sq ft unit on the fourth floor in July 2020 for $2.3 million ($1,200 psf) resulted in a profit, given that the unit was previously purchased in November 1998 for $720,416 ($376 psf).Located at Jalan Sempadan in District 15, Villa Marina is a 99-year leasehold development completed in the year 1999. The development comprises of 27 low-rise residential blocks with a range of one- to four-bedroom units, spanning from 1,087 sq ft to 2,314 sq ft.The residential development covers a land area of 460,685 sq ft, bordering the Masjid Kampong Siglap mosque. It is also within close proximity to Siglap MRT station on the Thomson-East Coast Line, as well as East Coast Park. Within a 1km radius, there are several primary schools such as Bedok Green Primary School, CHIJ (Katong) Primary, Ngee Ann Primary School, St Stephen’s School, and Tao Nan School.On the flip side, the least profitable resale transaction in the same week was recorded at Marina Bay Residences. On January 2, the sale of a 1,130 sq ft unit on the 17th floor resulted in a loss of $386,000 (16%). The unit was sold for $2.1 million ($1,858 psf) but was originally purchased for $2.49 million ($2,200 psf) in November 2007. This translates to an annualised loss of 1% over 17 years.Marina Bay Residences recorded a total of 25 resale transactions in 2019, out of which 13 transactions resulted in a loss ranging from $43,600 to $1.25 million. The most unprofitable transaction saw a 1,227 sq ft unit sold for $2.8 million ($2,282 psf) on March 22, 2019.Last month, the average resale price at Marina Bay Residences, based on reported caveats, was $2,242 psf. This is comparatively higher than the average prices at neighbouring condos like The Sail @ Marina Bay ($2,052 psf), Marina Bay Suites ($1,917 psf), and Marina One Residences ($2,133 psf).Completed 15 years ago, Marina Bay Residences comprises of 428 units and occupies a prime location along Marina Boulevard. From January 2022 to September 2023, a whopping $5 million was invested in a revamp of the entire condo to upgrade resident facilities as well as communal spaces. As one of two 99-year leasehold luxury condos in the Marina Bay Financial Centre (MBFC), Marina Bay Residences is situated alongside three Grade-A office towers, Marina Bay Suites (221 units), and Marina One Residences.”The recently concluded sale of a three-bedroom penthouse at Orchid Mansion, located on Amber Road in District 15, on December 31, has resulted in a staggering profit of $2.58 million (112%). This record-breaking transaction was the most profitable resale deal between the period of December 31, 2024, and January 7, 2025. The luxurious penthouse spans 2,842 square feet and is situated on the 21st floor. It fetched a sale price of $4.88 million, which translates to a price per square foot of $1,717. This unit was previously bought for $2.3 million ($809 psf)in March 2009, making the annualised profit for the transaction to be 4.9% over nearly 16 years.This outstanding sale has also claimed the title for the most profitable resale transaction to date at Orchid Mansion. The previous record was held by a 1,507 sq ft three-bedroom unit on the seventh floor, which was sold for $2.73 million ($1,812 psf) in July 2022. It had been purchased in June 2007 for $1.58 million ($1,050 psf), making the profit to be $1.15 million (72.6%).Another significant residence, Villa Marina, also recorded a remarkable resale transaction during the same week. On January 3, a 1,625 sq ft unit was sold for $2.35 million ($1,446 psf). The ground floor unit features three bedrooms and was initially bought for $630,500 ($388 psf) in September 2006. The sale resulted in a significant profit of $1.72 million (273%), translating to an annualized profit of 7.6% over 18 years.This transaction has also surpassed the previous profitable record at Villa Marina, which saw a profit of $1.58 million (219%). A 1,916 sq ft unit on the fourth floor was sold for $2.3 million ($1,200 psf) in July 2020, having been bought for $720,416 ($376 psf) in November 1998. Situated at Jalan Sempadan in District 15, Villa Marina is a 99-year leasehold development that was completed in the year 1999. It consists of 27 low-rise residential blocks with a range of one- to four-bedroom units, spanning from 1,087 sq ft to 2,314 sq ft. Nestled within a land area of 460,685 sq ft, the condo is located near the Masjid Kampong Siglap mosque. Its strategic location is within close proximity to Siglap MRT station on the Thomson-East Coast Line, and East Coast Park. The development is also surrounded by primary schools like Bedok Green Primary School, CHIJ (Katong) Primary, Ngee Ann Primary School, St Stephen’s School, and Tao Nan School.However, the resale transaction that recorded the least profit during the same week was observed at Marina Bay Residences. A 1,130 sq ft unit on the 17th floor was sold for $2.1 million ($1,858 psf) on January 2. The unit, which was bought in November 2007 for $2.49 million ($2,200 psf), incurred a loss of $386,000 (16%). This resulted in an annualized loss of 1% over the 17 years of ownership, making it the least profitable deal.Market data shows that Marina Bay Residences recorded a total of 25 resale transactions in 2019, out of which 13 transactions resulted in a loss ranging from $43,600 to $1.25 million. The worst performing deal saw a 1,227 sq ft unit sold for $2.8 million ($2,282 psf) on March 22, 2019.Last month, the average resale price at Marina Bay Residences, based on reported caveats, was recorded at $2,242 psf. This is comparatively higher than the average prices of similar condos in the vicinity like The Sail @ Marina Bay ($2,052 psf), Marina Bay Suites ($1,917 psf), and Marina One Residences ($2,133 psf).The 428-unit Marina Bay Residences, completed 15 years ago, is nestled along Marina Boulevard. A total of $5 million was invested in a revamp of the entire condo from January 2022 to