SINGAPORE – The most lucrative deal listed for the week of Sept 3 to 10 was the selling of a four-bedroom unit in Park Infinia at Wee Nam, on Lincoln Road. The seller made a $1.35 million (79 percent ) gain if the 1,464 sq ft unit has been sold for $3.05 million ($2,083 psf) on Sept 10, translating to an annualised gain of 5% within 12 decades.
Situated in prime District 11, the 486-unit Park Infinia is a freehold condominium which has been finished in 2008. The development includes one- to four-bedroom units of 560 sq feet to 2,002 sq feet, in Addition to penthouses of 2,702 into 3,315 sq ft.
The most lucrative deal in the condominium is the purchase price of a penthouse unit on the 29th floor. The 3,240 sq ft unit has been offered for about $ 5.11 million ($1,577 psf) past September, but was purchased for $2.4 million ($741 psf) in August 2005. The seller walked off with a $2.71 million ($112%) gain, or an annualised gain of 6% over 12 decades.
The 2nd most rewarding deal throughout the week has been the trade to get a high-value unit in Maple Woods, a 697-unit freehold condominium on Bukit Timah Road. It was purchased for $808,000 ($605 psf) at 2005. The seller made a $1.27 million (157%) gain, or an annualised gain of 7 percent over 14 decades.