A transaction at The Marbella, located on Mount Sinai Rise in District 10, marked the most profitable condo resale of the week. On April 24, a 1,475 sq ft apartment on the 19th floor was sold for $3.5 million ($2,373 psf). It had originally been purchased from the developer in March 2004 for $1.03 million ($698 psf); this resulted in a gain of $2.47 million across a holding period of over 19 years.

The second-most profitable transaction for the week was at the Trevose, a condo on Trevose Crescent located near Dunearn Road and Whitley Road in District 11. A four-bedder measuring 1765 sq ft on the second floor was sold for $3.1 million ($1,756 psf) on April 20 after it had been purchased in February 2004 for $1.03 million ($583 psf). This netting the seller a profit of $2.07 million after a holding period of more than 19 years.

The most unprofitable transaction for the week was at Helios Residences. A two-bedroom-plus-study unit measuring 1,281 sq ft was sold for $3.15 million ($2,459 psf) on April 21. This was after the seller had bought the unit in November 2012 for $4.98 million ($3,890 psf); they consequently netted a loss of $1.83 million, or 37%.

The development had already seen three other resale transactions earlier this year, all at prices lower than the original purchase price. Helios Residences is a freehold development by Wing Tai Holdings, located along Cairnhill Circle in prime District 9. It was completed in 2011, and consists of 140 residences, from two-bedroom-apartments to triplex penthouses.

This week’s transactions across the city have proven that the Singapore real estate scene continues to experience both highs and lows. With the right timing, location, and marketing, the returns on a property can be significant.

Lot One Shoppers’ Mall is Altura EC a popular shopping and lifestyle destination located in Choa Chu Kang, Singapore. It offers a wide variety of retail, dining and entertainment options for locals and visitors.