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|February 22,2024Condo In Bedok Booked Gains Of More Than $1.2 Million On Average In January
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A suburban condo project in Bedok – Costa Del Sol – chalked up average resale gains of more than $1.2 million across four resale transactions in January. The top 10 most profitable projects in the month of January were varied, with projects located around the island, based on caveats analysed by PropNex Research.
First, some details about the methodology which entails a comparison of sales caveats. The gains garnered for the units were derived by matching the condo resale transactions in January with their previous purchase prices according to caveats lodged. The average profit was subsequently computed on a project basis. To minimise sampling errors, resale condominium projects that posted fewer than four transactions during the month are excluded from the study.
Suburban Condos top list of most profitable projects in January
Resale activity was relatively muted in January, with less than 700 resale condo units being transacted during the month – as more buyers take their time to assess the market and gain more clarity before purchasing a property. In January, the top 10 most profitable projects had average profits ranging from $523,000 to $1,288,000. By a ranking of the average profit, seven out of the top 10 projects in January 2024 are in the Outside Central Region (OCR), two projects are in the Rest of Central Region (RCR), only one project was located in the Core Central Region (CCR).
Top 10 Resale Condo projects^ in terms of average gross profit*
Project Name | No. of transactions | Average | Average | Year completed | Region |
COSTA DEL SOL | 4 | $1,287,525 | 4.21% | 2003 | OCR |
PARC OASIS | 4 | $916,250 | 4.34% | 1994 | OCR |
D'LEEDON | 5 | $633,422 | 2.69% | 2014 | CCR |
THE MINTON |
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