At Ardmore Park, a luxury condo in District 10, the most profitable resale transaction in the week of May 23 to 30 was recorded. On May 29 a 4-bedroom, 2,885 sq ft apartment was sold for $12.9 million ($4,472 psf), netting the seller of the unit, who had purchased it from the developer in July 1996 for $5.85 million ($2,029 psf), a healthy $7.05 million profit within a 27-year time frame.

Residents at Altura EC Bukit Batok will be able to benefit from a number of amenities surrounding the development, such as shopping malls, parks, schools and transport links. The close proximity to both Jurong business district and the city centre has also made Altura EC an attractive investment for those looking to work in either. Altura EC also features a range of recreational activities, such as fitness gyms and swimming pools. With its strategic location, newly-built infrastructure and convenient amenities, Altura EC Bukit Batok is set to be the latest EC project in Singapore.

The buyer of the unit was revealed to be Eddy Hartono, an Indonesian Singapore permanent resident. This was the fourth most profitable resale transaction at Ardmore Park, with the first one occurring in April 2020 when the seller of a 8,740 sq ft duplex penthouse sold it for $27.65 million ($3,163 psf) – a whopping $11.65 million gain.

The second most profitable transaction at Ardmore Park was again recorded this year in April, when a 2,885 sq ft apartment was sold for $13 million ($4,510 psf), and the seller made a lucrative $8.16 million. Last November, the third most profitable transaction took place with the sale of a 2,885 sq ft unit for $12.5 million ($4,333 psf), in which the seller netted a $7.75 million profit.

An freehold property, Ardmore Park comprises of 330 units distributed across three 30-storey towers. Typical units are 4-bedroom, 2,885 sq ft apartments, but there are also six 8,740 sq ft duplex penthouses. Last July, the development saw a record high of $4,881 psf with the sale of a four-bedroom flat for $14.08 million.

The second most profitable transaction during the week of May 23 to 30 happened at Scotts 28, a 136-unit condo near Orchard Road. A 1,733 sq ft three-bedder on the eighth floor was sold for $4.3 million ($2,481 psf) on May 26. The seller, having purchased the unit from the developer in November 1995 for $2.32 million ($1,341 psf), earned a capital gain of 85% over a 27½-year period. This transaction is thus the most profitable at Scotts 28 to date, surpassing the last high set in June 1996 of $2,433 psf.

Meanwhile, the most unprofitable transaction was at Aalto, a freehold condo in the Marine Parade area. A 5,608 sq ft duplex penthouse sold for $13.2 million ($2,354 psf) on May 24. This unit was purchased from the developer in March 2008 for $16.28 million ($2,902 psf), leaving the seller with a 19% loss of $3.08 million over 15 years – the most unprofitable transaction at Aalto to date.

Aalto was developed by Hong Leong Holdings and completed in 2010. It has two 27-storey towers and a total of 196 apartments with two- to five-bedders between 1,098 and 4,650 sq ft.

At luxury condo Ardmore Park in District 10, the sale of a 4-bedroom, 2,885 sq ft apartment on May 29 for $12.9 million ($4,472 psf) resulted in an impressive profit of $7.05 million for the seller. It was purchased from the developer in July 1996 for $5.85 million ($2,029 psf). The buyer of the unit was an Indonesian who is a Singapore permanent resident. This marks the fourth most profitable resale transaction at Ardmore Park.

In April 2020, the most profitable resale transaction was recorded with the sale of a 8,740 sq ft duplex penthouse for $27.65 million ($3,163 psf). The seller had held the unit since January 1998, when purchased it for $16 million ($1,831 psf). A $11.65 million profit was earned by the seller.

At Scotts 28, a 136-unit freehold condo in District 9 near Orchard Road, a 1,733 sq ft three-bedder on the eighth floor was sold for $4.3 million ($2,481 psf) on May 26. It had been purchased from the developer in November 1995 for $2.32 million ($1,341 psf), and the seller made a profit of $1.98 million or a capital gain of 85% over 27½ years.

Aalto, meanwhile, saw the most unprofitable transaction during the week of May 23 to 30. A duplex penthouse measuring 5,608 sq ft changed hands for $13.2 million ($2,354 psf) on May 24. It had been purchased from the developer in March 2008 for $16.28 million ($2,902 psf), resulting in a $3.08 million (19%) loss for the seller after holding the unit for over 15 years. This is the most unprofitable transaction recorded to date at Aalto.