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Author: leahlim   |   Latest post: Tue, 31 Mar 2020, 12:17 PM

 

Unit at Elizabeth Heights sold for $2.54 mil profit

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SINGAPORE (EDGEPROP) - The sale of a unit at Elizabeth Heights located on Cairnhill Road made the top gain of $2.54 million over the week of March 3 to 10. The 2,497 sq ft unit on the 12th floor was bought for $1.96 million ($785 psf) in November 1999 and sold for $4.5 million ($1,802 psf) on March 9. The seller therefore made a 130% profit, or an annualised profit of 4% over 20 years.
 
Elizabeth Heights is located in District 9 and was completed in 1985 with 90 residential units. The freehold property is an eight-minute walk to Newton MRT Station on the North-South and Downtown Lines.
 
 
 
 

 

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