Author: leahlim   |   Latest post: Mon, 26 Oct 2020, 3:02 PM


Seller of Yong An Park unit earns record $6.8 mil profit

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SINGAPORE (EDGEPROP) - The most profitable deal during the week of June 9 to 16 was the sale of a 6,695 sq ft unit at Yong An Park, a freehold development in District 9.
According to URA Realis caveats, the sprawling five-bedroom unit on the 25th floor fetched $10.1 million ($1,509 psf) when it was sold on June 10. It was bought for $3.3 million ($493 psf) in December 2004. Thus, the seller earned a profit of $6.8 million (206%) on the sale, which translates to an annualised profit of 7.5% over nearly 16 years.


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