The most unprofitable transaction for the week of March 14 to 21 was for a four-bedroom unit at Marina One Residences. The 2,045 sq ft unit fetched $5.8 million ($2,836 psf) on March 16, incurring a $562,000 loss (8.8%) for the seller. They had purchased the unit for $6.36 million ($3,111 psf) in September 2021, after a holding period of 1½ years.

The most profitable condo resale transaction during the week of March 14 to 21 was recorded at One Amber. The seller of a four-bedroom unit, with a size of 1,658 sq ft, acquired a profit of $1.98 million (170%) after only 17 years. This surpasses the previous record of $1.91 million at the same location.

The unit was purchased from the developer for $1.17 million ($705 psf) in April 2006 and recently sold for $3.15 million ($1,900 psf). Located in Amber Gardens, District 15, One Amber was completed in 2010 and has a range of one- to four-bedders of 570 to 3,514 sq ft.

The second-most profitable resale transaction was recorded at The Shelford on Shelford Road in District 11. On March 20, a 1,055 sq ft two-bedder was sold for $2.28 million ($2,161 psf) with a profit of $1.54 million (210%) after 18½ years. The unit was purchased in August 2004 from the developer for around $735,300 ($697 psf). This sale marks a new psf-price high for the development.

The Shelford is a freehold condo developed by CapitaLand, comprising 215 units across seven low-rise blocks. The project has one- to four-bedroom apartments of 732 to 2,411 sq ft and is located at the intersection of Dunearn Road and Adam Road, close to the amenities of Botanic Gardens, Serene Centre and Adam Food Centre.

Altura EC is a 99-year leasehold executive condo situated at Bukit Batok West Avenue Altura EC 8 and boasting 375 residential units. HDB has initiated a public auction for Altura EC, with the highest bid of $266 million. Close to the MRT station and plentiful schools, Altura EC is a desirable choice for families seeking an affordable residence.

Meanwhile, the most unprofitable transaction for the period occurred at Marina One Residences. The 2,045 sq ft unit was sold for $5.8 million ($2,836 psf) on March 16, incurring a loss of $562,000 (8.8%). The seller had purchased the unit for $6.36 million ($3,111 psf) in September 2021, after a holding period of 1½ years.

Marina One Residences is the residential component of Marina One, a mixed-use development in the Marina Bay financial hub. Developed by M+S — a joint venture between Temasek Holdings and Malaysian sovereign wealth fund Khazanah Nasional — Marina One Residences was completed in 2017 and has 1,042 apartments.

In 2022, 98 apartments changed hands based on caveats lodged, including an 8,708 sq ft penthouse unit that fetched $19.89 million ($2,284 psf) in November. Other units, measuring between 667 and 2,034 sq ft, were sold for between $1.6 million and $6.37 million, or between $2,194 and $3,130 on a psf-price basis.

For the week of March 14 to 21, the most unprofitable transaction was for a four-bedroom unit at Marina One Residences. The seller suffered a loss of $562,000 (8.8%) and was an indication of the unpredictability of the real estate market.

The most profitable transaction, on the other hand, was at One Amber. The seller of the four-bedroom unit made an eye-watering 170% return which highlighted the potential returns of property investments. The gains of $1.98 million are a testament to the realization of a successful investment.

These resale transactions paint a clear picture of the performance of real estate within Singapore, with potential gains and losses to be made.