Three-bedder at The Windsor sold at $2.7 million profit

The URA caveats lodged shows that the most profitable resale transaction during the week of Aug 15 to 22,  was the sale of a 3 bedroom unit in The Windsor. The 3 bedder unit was previously bought by the seller for $750,000 in August 2005, and was recently sold at $3.41 million. a gross profit $2.66 million was made, raking in a capital gain of 355% over a holding period of 18 years before any deduction of service fee, legal fee, etc, making the most profitable resale transaction that has taken place at The Windsor to date. The previous record transaction was triumphed when a 2,497 sq ft unit transacted for $2.45 million ($981 psf) which was purchased by the seller back then In August 2005 for $860,000 ($344 psf) which means they nett in a gain of $1.59 million profit margins. a 159-units freehold development that was completed in the late 1990s, The Windsor is Located off Upper Thomson Road in District 20 on Onatorio Avenue. The freehold thomson condo consists of nine townhouses at 2,497 sq ft each, three-bedroom apartments with multiple configurations ranging from 936 to 1,797 sq ft, and double volume units of 1,819 to 3,853 sq ft each. The Windsor has only one other resale transaction at to date this year apart from the unit sold on Aug 16. a 2,013 sq ft unit fetched $2.95 million ($1,466 psf) in March 2K23. Melrose Park is The second most profitable condo resale transaction during the week in review, developed by CapitaLand located on Kellock Road, off River Valley Road in prime District 10, is a 999-year leasehold property. The three bedder 8th floor unit was exchanged hands for $3.3 million ($2,555 psf) on Aug 18. previously, the seller has bought the unit from the developer for $1.206 million ($934 psf) in February 1999. Therefore, it translates to a gross profit of $2.094 million or 174% over a holding period of a quarter century. Melrose Park has The two 19-storey residential blocks with 170-unit development is in the River Valley residential enclave, was completed in 2000. The river valley condo is located across the road from Great World City shopping centre which seamlessly connects to Great World MRT Station on the Thomson-East Coast Line. The development comprises different configurations with unit mix includes three- to four-bedroom units ranging from 1,292 to 3,412 sq ft. Each block also has six penthouse units on the 19th floor that range from 3,606 to 5,231 sq ft.
the exclusive Sentosa Cove residential enclave, The Oceanfront @ Sentosa Cove in is jointly developed by City Developments and TID (a joint venture between Hong Leong Holdings and Mitsui Fudosan). The 99-years’ leasehold sentosa condo was completed in 2010. The 264-unit waterfront condo has five towers ranging from 12 and 15 storeys high with wide spectrum of layouts like two-, three- and four-bedders of 1,216 to 4,284 sq ft. There are also penthouses of 2,745 to 8,095 sq ft.
According to the recent caveat lodged in URA, there are a negative sale last year. Research compiled from data shows that The Oceanfront @ Sentosa Cove has registered 10 such transactions (including the transaction on Aug 15) since January 2K22. The units, measuring from 1,480 to 1,731 sq ft, suffer a gross loss from $51,120 to $1.87 million. The most terrible resale transaction recorded at The Oceanfront @ Sentosa Cove was the sale of a 3,025 sq ft unit in November 2K20 for $5.66 million ($1,871 psf), which incurred a $2.205 million loss.

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