Author: leahlim   |   Latest post: Fri, 25 Sep 2020, 2:59 PM


Resale unit at The Regency in Tiong Bahru reaps $1.5 mil profit

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SINGAPORE (EDGEPROP) - A 1,270 sq ft, three-bedroom unit at The Regency at Tiong Bahru was sold for $2.56 million ($2,016 psf) on Aug 27. Since the unit was initially purchased for $1.05 million ($823 psf) in November 2006, the seller made $1.52 million (145%) on the sale. This translates to an annualised profit of 7% over close to 14 years. It is also the most profitable transaction during the week of Aug 25 to Sept 1.
The Regency at Tiong Bahru is a freehold condominium at Chay Yan Street in District 3. The 158-unit development was completed in 2010 and comprises two- to four-bedroom units of 926–1,636 sq ft.


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