20 most profitable old freehold condos in the last 10 years (averaging $500k profit)

area of Sunset Way. Despite Clementi being a mature neighbourhood, this particular corner of it has remained rather isolated. However, that's also the reason some people absolutely love it.

One of the most unique features is the huge hill in the middle of the project, which doubles as park space for residents. There's also an amphitheater here, and it's ideal for families as there's proper green space for walks, picnics, children to run around, etc. This sort of feature is likely impossible in a newer condo, with their small land plots.

The low unit count also works in the project's favour. There are only 280 units, so there's a good sense of privacy. Most of the units are also on the larger side, by today's standards The last transaction here, in March 2023, was for a 1,367 sq ft unit at $2.17 million - a bit high for some HDB upgraders, but you'd get the space you pay for.

If anything, owners here will be a happy bunch, as there have been 142 profitable transactions so far . Even a recent purchase in 2019 has made a cool half a million, having resold it in January 2023 this year.Number of units: 546 With the longstanding accessibility issue of public transport now addressed, we can see landlords taking a renewed interest; this particular neighbourhood has a large expatriate enclave, making The Sea View a good rental prospect.

As old as The Summit is, its freehold nature and location means that it is one that is likely to hold value well, thanks to upcoming developments in the Bayshore area. This location was mentioned during the National Day Rally as the spot for Plus-category flats: With a new mall and the MRT station nearby, this area will be the heart of Bayshore; and this is as good as the government declaring the area a hotspot.

Source: News Formal (newsformal.com)

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