Profitable Condo Resale Transactions: Four Seasons Park Tops the Week with $3.8 Million Gain

The most profitable condo resale for the week of August 20–27 was a four-bedroom unit at Four Seasons Park. On August 26, the 2,260 square foot flat on the 20th floor went for an astounding $7.8 million ($3,451 per square foot). After owning the property for approximately four years, the seller—who had paid $4 million ($1,770 psf) for the unit in September 2020—walked away with a sizable financial gain of $3.8 million. This corresponds to an annualised return of 23.8% or a 95% profit.

This sale is the development’s most lucrative deal over the previous two years and the first resale transaction at Four Seasons Park in 2024. However, the sale of a 6,157-square-foot penthouse that brought in $17.88 million ($2,904 per square foot) in December 2019 still holds the record for the biggest profit at Four Seasons Park. The unit’s seller had purchased it for $9 million ($1,462 psf) in June 2002, turning a tidy $8.88 million profit.

Situated in District 10 close to Orchard Road along Cuscaden Walk, Four Seasons Park is a freehold condominium. There are 202 units in the complex, which was finished in 1994. The sizes of the units range from 2,153 square feet to 7,772 square feet. Its attraction is increased by its closeness to the Thomson-East Coast Line and the Ion Orchard shopping centre as well as the Orchard MRT Interchange Station. These facilities are easily accessible for residents to walk to in five minutes.

A four-bedroom unit at The Trevose was sold during the same week, which was another noteworthy transaction. On August 22, this 1,894 square foot, third-floor apartment went for $3.36 million ($1,774 per square foot). The seller made a profit of $2.02 million after hanging onto the flat for 22 years, having paid $1.34 million ($707 psf) for the property in June 2002. The fourth-most profitable transaction for The Trevose is this 151% profit.

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In September 2007, a 3,358 square foot duplex penthouse at The Trevose sold for $3.65 million ($1,087 per square foot), making it the most profitable sale ever documented at the property. The gain was $2.15 million for the seller, who had paid $1.5 million ($448 psf) for the property barely a year before in June 2006.

Nestled near Dunearn and Whitley Roads in District 11, The Trevose is a 99-year leasehold condominium. Completed in 2001, the construction consists of three low-rise towers with 142 units total. The apartments range in size from 958 square feet to 3,627 square feet, and they are divided between two and four bedrooms. The Stevens MRT Interchange, which links to the Downtown and Thomson-East Coast Lines, is a ten-minute stroll for residents.

By comparison, the least profitable resale deal of the week concerned a unit in Wilkie Studio. On August 23, a duplex penthouse with 1,819 square feet sold for $2.81 million ($1,544 per square foot), which is a loss of almost $230,000 (7.5%). For $3.04 million ($1,670 per square foot), the seller bought the unit from the developer in February 2008 and held it for sixteen and a half years.

Situated on Wilkie Road, Wilkie Studio is a freehold boutique property that was finished in 2010. Within a single, four-story building, there are forty units total. The sizes of the residences range from 743 square feet to 2,906 square feet, and they range from one bedroom with a study to four bedrooms. The third resale deal at Wilkie Studio this year was the unit that was sold on August 23. An 872 square foot flat was sold for $1.65 million ($1,892 per square foot) earlier in the year on July 2. The seller, who had bought the flat in August 2017 for $1.34 million ($1,537 per square foot), made a profit of $310,000.

Furthermore, a 1,163 square foot unit at Wilkie Studio sold for $2.29 million ($1,969 per square foot) on July 12. The seller made a profit of $550,000 after purchasing the property for $1.74 million ($1,496 psf) in June 2018.

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