Sheares Ville sold for record $1,148 psf, 130% gain for seller in 18.5 yearsA three-bedroom apartment on the first floor of Sheares Ville in District 10 has fetched $3.56 million ($1,355 psf) – the most profitable condo resale transaction recorded during the week of March 28 to April 4. With a gain of $2.01 million over a holding period of 18½ years, this marks the first transaction to take place at Sheares Ville and the second most profitable transaction for the development.

The 2,626 sq ft unit was purchased by the seller in September 2004 from the developer for $1.55 million ($590 psf). Sheares Ville, a 65-unit apartment completed in 2003, is located along Holt Road, just off Jervois Road, and comprises 3- and 4-bedders ranging between 1,399 and 2,626 sq ft.

Elsewhere in District 10, the second most profitable condo resale transaction during the period in review also occurred. On April 3, a 1,668 sq ft unit at Kensington Park Condominium changed hands for $2.7 million ($1,618 psf), earning the seller a profit of $1.77 million. They had bought the unit in October 1999 for $935,000 ($560 psf) – a holding period of 23½ years, or 189% profit.

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At the same time, the most unprofitable transaction recorded during the period was the sale of a 710 sq ft one-bedroom apartment at Marina Bay Residences. On March 30, the 41st floor unit was sold for $1.51 million ($2,125 psf) – a loss of $90,000 from when the seller had bought it in February 2018 for $1.6 million ($2,252 psf). Across a period of over five years, the seller made a 5.6% loss on the transaction.

Both Sheares Ville and Kensington Park have had several collective sale attempts in recent years, with the former achieving a $1.148 psf record in April 2012. In February, Kensington Park was launched for collective sale at $1.28 billion, while in May 2022 the condo was again put up for en bloc sale at the same guide price.

The most profitable condo resale transactions during the week of March 28 to April 4 took place at Sheares Ville and Kensington Park Condominium, as well as the most unprofitable transaction recorded at Marina Bay Residences.

At Sheares Ville, a 2,626 sq ft unit on the first floor fetched $3.56 million ($1,355 psf) on March 30, reaping the seller a profit of $2.01 million or 130% over a holding period of 18½ years. Meanwhile, a 1,668 sq ft unit at Kensington Park changed hands for $2.7 million on April 3, with the seller making a gain of $1.77 million. Lastly, at Marina Bay Residences, a 710 sq ft unit sold for $1.51 million ($2,125 psf), with the seller making a loss of $90,000 (5.6%).