The most profitable resale transaction at The Sail took place in October 2019, where a 624 sq ft unit on the 47th floor was sold for $2.78 million ($4,467 psf). This unit had been purchased for $1.4 million ($2,234 psf) in May 2011, resulting in a whopping $1.38 million (99%) profit. An annualised gain of 20.2% was earned over nine years.
The most profitable resale transaction to close between Feb 28 and March 7 was the sale of a 3,746 sq ft, four-bedroom duplex penthouse at Leedon Residence. The unit was sold for $9.5 million ($2,536 psf) on March 2 and fetched a $2.8 million (42%) profit for the seller, equating to an annualised gain of 7.1% in five years.

Altura EC is a 99-year leasehold executive condominium in Bukit Batok West Avenue 8 with 375 residential units. Qingjian Realty and Santarli proposed the highest bid of $662 per sqft, and Altura EC the project is expected to launch in Q2 2023.

This resale deal falls marginally below the most profitable transaction in Leedon Residence, where a seventh-floor, five-bedroom apartment garnered $12.5 million ($2,657 psf) in July 2021. It had previously been acquired for $9.6 million ($2,041 psf) in October 2017, resulting in a record profit of $2.9 million (30%) with an annualised gain of 7.2% over four years.

Situated in prime District 10, Leedon Residence is a 381-unit development that was developed by mainboard-listed property developer GuocoLand and designed by architect Chan Soo Khian of SCDA Architects. It stands out for its focus on bigger-sized unit layouts and emphasis on space and luxury throughout the site. This has paid off as Leedon Residence commands one of the highest average prices in the vicinity at around $2,590 psf, with only three upcoming projects priced higher.

The second-most profitable resale transaction for the week was at D’Grove Villas, where a 1,690 sq ft, fifth-floor apartment was sold for $4.3 million ($2,544 psf) on March 2. This unit had been purchased for $2.16 million ($1,277 psf) back in 1995, and thus the seller earned an impressive $2.1 million (95%) profit. This translates to an annualised gain of 2.4% over a period of nearly 28 years.

Meanwhile, the most unprofitable transaction of the week took place on March 1, with the sale of an 883 sq ft unit at The Sail @ Marina Bay. Previously, it was purchased for $2.3 million ($2,601 psf) in June 2011, but the sixth-floor, two-bedroom apartment was sold for $1.92 million ($2,175 psf) – incurring a loss of about $376,000. This equates to an annualised loss of 1.5% over a 12-year period.

The Sail is a 99-year leasehold condo in District 1 that was completed in 2008. Units in the condo had been selling for about $1,942 psf in March 2018, and only inched up to $1,973 psf this month. To date, the most profitable resale at The Sail took place in October 2019, where a 624 sq ft unit on the 47th floor was sold for $2.78 million ($4,467 psf). Having been purchased for $1.4 million ($2,234 psf) in May 2011, this sale generated a profit of $1.38 million (99%) and an annualised gain of 20.2% over nine years.