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Author: leahlim   |   Latest post: Thu, 19 Sep 2019, 3:07 PM

 

Cairnhill Plaza unit reaps $2.25 mil profit

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The seller of a unit at Cairnhill Plaza made the top gain of $2.25 million over the week of July 30 to Aug 6. The 3,305 sq ft unit on the 20th floor was bought for $3.05 million ($923 psf) in January 1997, and sold for $5.3 million ($1,604 psf) on Aug 1. The seller made a 74% profit, or an annualised profit of 2%, over 22½ years.

Located along Cairnhill Road in prime District 9, the freehold Cairnhill Plaza was developed by UOL Group (formerly known as United Overseas Land).

 

Read more:  https://www.edgeprop.sg/property-news/cairnhill-plaza-unit-reaps-225-mil-profit

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