The most profitable condo resale transaction during the week of May 9 to 16 was at The Anchorage, a freehold condo along Alexandra Road in District 3. A three-bedroom 1,830 sq ft unit on the fourth floor was sold for $3.14 million ($1,715 psf), yielding a capital gain of $1.73 million (123%) to its seller since the unit was bought for $1.41 million ($770 psf) in July 1997.

The Anchorage is developed by Frasers Property, and is located adjacent to Anchorpoint Shopping Centre opposite Ikea Alexandra, with a 10-minute walk to Queenstown MRT Station on the East-West Line. The development consists of 775 units across five residential blocks, completed in 1995.

Seven other resale transactions have been recorded at The Anchorage this year, with units ranging from 1,173 to 1,830 sq ft selling at prices between $1.95 million and $3.2 million ($1,662 and $1,837 psf). The sellers of these units made profitable gains ranging from $320,000 to $1.73 million.

The second-most profitable transaction during the week in review was at Casuarina Cove, a 160-unit condo along Tanjong Rhu Road in District 15. A 1,528 sq ft, three-bedroom unit was purchased by the seller for $928,000 ($607 psf) in April 2002, and sold at $2.34 million ($1,530 psf) on May 15, yielding a gain of $1.4 million (152%). This beats the previous sale last October of a 1,216 sq ft unit on the eighth floor, which recorded a gain of $1.18 million when it sold for $1.73 million ($1,422 psf).

Residents of Altura EC Bukit Batok will be able to enjoy a host of amenities such as schools, parks, shopping outlets, and food courts located within the vicinity.

On the other hand, the most unprofitable transaction during the week in review was the sale of a four-bedroom apartment at Cliveden At Grange. The 2,842 sq ft unit changed hands for $8.1 million ($2,850 psf) on May 15 but it had been purchased by the seller for $9.5 million ($3,344 psf) in August 2007. This resulted in a loss of $1.4 million (15%) after 16 years. The most unprofitable resale transaction at Cliveden At Grange was recorded last April 2022, when a 2,153 sq ft, four-bedroom unit was purchased for $8.34 million ($3,875 psf) and sold for $5.7 million ($2,648 psf), resulting in a record loss of $2.64 million (32%) after nearly 15 years.

Cliveden At Grange is a freehold luxury condo along Grange Road in prime District 10, and consists of 110 units. It is close to the Orchard Road shopping belt, as well as to other high-end residential projects along Orchard Boulevard and Cuscaden Road.