SINGAPORE (EDGEPROP) - The sale of a four-bedroom apartment at Orchard Bel Air was the most profitable condo resale transaction during the week of June 6 to 13, based on caveats lodged with URA. The 3,229 sq ft unit on the 15th floor changed hands for $5 million ($1,548 psf) on June 6. It had been purchased by the seller in March 1996 for $2.39 million ($740 psf), which means they raked in a profit of $2.61 million. This works out to a capital gain of 109% over a holding period of around 27 year
was the most profitable condo resale transaction during the week of June 6 to 13, based on caveats lodged with URA. The 3,229 sq ft unit on the 15th floor changed hands for $5 million on June 6. It had been purchased by the seller in March 1996 for $2.39 million , which means they raked in a profit of $2.61 million. This works out to a capital gain of 109% over a holding period of around 27 years.
Residents of Orchard Bel Air had put the tower up for collective sale in July 2022 with a guide price of $587.5 million. In January this year, the development was relaunched for collective sale with an unchanged guide price. The tender closed on March 1 without a buyer. Developed by SC Global Developments, The Ladyhill is a boutique condo that was completed in 2002. It features 55 units in a four-storey building, with three- and four-bedders of between 2,239 and 4,499 sq ft. The Ladyhill has seen three other units change hands this year to date, all of which were profitable. These include the most profitable resale transaction recorded at the development — the sale of a 2,411 sq ft, three-bedroom unit for $7.28 million on April 13.
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