, a freehold condo along Duchess Avenue, was the most profitable condo resale transaction recorded during the week of April 25 to May 2. The 1,292 sq ft, three-bedroom unit fetched $2.66 million on April 27. It had been purchased for about $975,000 in August 2005 from the developer. This means the seller made a gain of $1.69 million over a holding period of nearly 18 years.
The second most profitable condo resale transaction during the week in review was the sale of a three-bedroom unit at, a condo along Devonshire Road in District 9. The 1,442 sq ft unit on the 28th floor was sold for $3.75 million on April 26. It was acquired by the seller from the developer for $2.13 million in July 2006. Hence, they made a profit of $1.62 million or 76% across a holding period of almost 17 years.This is the first unit to change hands at The Suites At Central this year.
The Suites At Central is a 157-unit freehold development by Keppel Land and CEL Development . It was completed in 2009. Units comprise a mix of one- to four-bedders of 624 to 3,670 sq ft. The condo is located within walking distance of the Orchard Road shopping belt. The seller of a 1,701 sq ft unit at Jardin made a $185,000 loss when it fetched $3.05 million on April 26
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