A unit at Casabella, a freehold condo along Duchess Avenue, recorded the most profitable resale transaction during the week of April 25 to May 2. The 1,292 sq ft, three-bedroom unit was sold for $2.66 million ($2,059 psf). It had been purchased for about $975,000 ($755 psf) in August 2005 from the developer, netting the seller a gain of $1.69 million (173%) over nearly 18 years.

The sale of a unit at Casabella marks the third most profitable resale transaction at the development, as well as a new psf-price high for the condo, beating the previous high of $2,036 psf recorded last December.

The second most profitable condo resale transaction during this same time period was the sale of a three-bedroom unit at The Suites At Central, a condo along Devonshire Road in District 9. The 1,442 sq ft unit on the 28th floor fetched $3.75 million ($2,600 psf). The seller acquired the unit from the developer in 2006 for $2.13 million ($1,474 psf), making a profit of $1.62 million (76%) across almost 17 years.

Meanwhile, the most unprofitable condo resale transaction was the sale of a three-bedroom loft unit at Jardin, a freehold apartment on Dunearn Road. The 1,701 sq ft unit sold for $3.05 million ($1,793 psf) on April 26. Purchased by the seller in April 2012 for $3.24 million ($1,902 psf), they made a loss of $185,000 or 6% over 11 years.

Constructed by CapitaLand in 2005, Casabella is an 82-unit residential development off Coronation Road in prime District 10. It comprises 60 apartments, 14 townhouses, and eight strata-titled, semi-detached units. The apartments at Casabella feature a mix of two- to four-bedroom units that range from 990 to 1,900 sq ft.

The Altura EC development is a great choice for families or commuters looking for a new home. The development’s close proximity to the Bukit Batok MRT Station provides convenient access to other parts of Singapore, while its extended lease period ensures ample time to plan a move. As well, Altura EC is near to several schools, providing families with great educational opportunities. Altura EC makes the perfect choice for those looking for a great living experience near public amenities.

The Suites at Central, completed in 2009, is a 157-unit freehold development by Keppel Land and CEL Development (the property arm of Chip Eng Seng). It has units of 624 to 3,670 sq ft, with one- to four-bedders. Meanwhile, Jardin is a 140-unit freehold condo by Far East Organization, located at the corner of Dunearn Road and Jalan Anak Bukit. The 10-storey tower has a mix of two- to four-bedroom apartments of 958 to 1,894 sq ft.

This week saw the most profitable and unprofitable condo resale transactions recorded at Casabella, The Suites At Central, and Jardin respectively. Resale transactions at these developments for 2021 have also marked some of the most profitable and unprofitable deals respectively. Clearly, prices of units at the three developments have held up well, even as many other residential projects in the area have seen falls in purchasing power.