Three Bedder Botanic Gardens View Sold 33 Mil Profit

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Botanic Gardens View saw the most profitable condo resale transaction during the week of Sept 3 to Sept 10, with a three-bedroom unit selling for $4.13 million. The 1,755 sq ft unit on the sixth floor was purchased for $862,000 in July 1998, netting the seller a significant gain of $3.27 million, reflecting a 379% capital gain. This transaction sets a new record for the most profitable resale deal ever recorded at Botanic Gardens View, surpassing the previous record of $3.14 million gained from the sale of a 1,615 sq ft unit for $4.07 million in August 2019. The seller of that unit had purchased it in September 2001 for $930,000.The condo is a freehold development located at Taman Serasi, off Cluny Road in prime District 10. It consists of 144 units across four blocks, with sizes ranging from two- to three-bedrooms, measuring between 1,259 sq ft and 1,755 sq ft. Constructed in 1970, the condo is situated just opposite the Singapore Botanic Gardens.The second most profitable transaction during the week took place at Regency Park, where a three-bedroom unit measuring 2,250 sq ft was sold for $5.13 million on Sept 5. The seller had originally purchased the unit in July 2002 for $1.89 million, resulting in a gain of $3.24 million, or 172%, after holding the unit for over 22 years.This transaction follows closely after another resale deal at Regency Park on Aug 14, where a 3,649 sq ft unit was sold for $7.84 million. The seller had purchased the unit in February 2001 for $2.95 million and netted a profit of $4.89 million, reflecting a 166% capital gain. Located along Nathan Road, off Grange Road and River Valley Road, in prime District 10, Regency Park is a freehold condo comprising eight 25-storey residential blocks with 292 apartments. Units range from three- to four-bedrooms, measuring between 2,250 sq ft and 3,649 sq ft. The development is near the Bishopsgate-Chatsworth Good Class Bungalow enclave and is less than a five-minute drive to the Great World City shopping mall and Orchard Road shopping belt.The most unprofitable transaction recorded during the week took place at The Scotts Tower, where a one-bedroom unit measuring 667 sq ft on the seventh floor was sold for $1.3 million on Sept 3. The seller had purchased the unit from the developer in December 2011 for $2.22 million. As a result, the seller incurred a loss of around $916,400, or 41%, after owning the unit for almost 13 years.The Scotts Tower is a 231-unit condo along Scotts Road in District 9, completed in 2016. The 103-year leasehold development comprises a single tower spanning 31 storeys, with units ranging from one- to three-bedrooms between 624 sq ft and 904 sq ft, as well as four-bedroom penthouses measuring 1,227 sq ft to 1,389 sq ft. Another unit at The Scotts Tower was sold earlier this year on April 24 – a 657 sq ft one-bedroom unit that fetched $1.3 million. The seller had bought the unit from the developer in January 2013 for $2.69 million, resulting in a loss of $1.39 million for the seller.