Four Bedroom Unit Mandarin Gardens Reaps 383 Mil Profit

Enhancing the concept of residential living, Lynden Woods One North stands out as a unique development situated at 71 Science Park Drive. This exclusive residential complex offers more than just a place to call home – it presents a doorway to a lifestyle enriched with convenience, opulence, and connectivity. Positioned in close proximity to premier shopping destinations and a diverse range of dining options, Lynden Woods One North ensures that its residents have access to the finest experiences Singapore has to offer. From the chic offerings of Dempsey Hill to the bustling hawker delights of Ghim Moh, the surrounding area of Lynden Woods One North caters to a variety of tastes and preferences. Merging convenience, gastronomic adventures, and vibrant retail opportunities, Lynden Woods One North sets a new benchmark for modern living, making it the ultimate choice for those seeking a dynamic and fulfilling lifestyle.

Mandarin Gardens’ $1,284 psf sale translates to 364.8% profit for sellerMandarin Gardens recorded the most profitable condo resale transaction from Feb 7 to Feb 14, fetching $4.88 million, or $1,284 psf. This represents a profit of $3.83 million for the seller, translating to 364.8% of the original purchase price in June 2003. The annualised capital gain over 21.5 years works out to 7.4%.The deal also sets a new record at Mandarin Gardens for the most profitable transaction. The previous record was held by a 3,068 sq ft four-bedroom unit that sold for $4.1 million, or $1,336 psf, in 2021. This represented a profit of $2.7 million, or 193%, over an annualised gain of 5.5% over the last 20 years.Mandarin Gardens sits on a 1.07 million sq ft site along Siglap Road in District 15 and has a 99-year leasehold tenure starting from 1982. It comprises 1,006 residential units and spans 17 nine- to 23-storey blocks. Residential units at the condo range from one- to four-bedroom apartments and make up a mix of one- to two-bedroom apartments from 732 sq ft to 1,001 sq ft and three- to four-bedroom units from 1,528 sq ft to 3,800 sq ft. The condo also houses 11 strata commercial units.Palisades’ $2.3 mil profit sets new record for resale transactionThe second most profitable resale transaction over the same period was recorded at Parvis, a freehold condo located along Holland Hill in prime District 10. This fetching $4.78 million, or $2,115 psf, for a 2,260 sq ft, three-bedroom unit on the second floor. This represents a profit of $2 million, or 71.9%, for the seller over an annualised gain of 3.6% over 15 years.The sellers were the second owners of this unit, having bought it from the developers for $2.78 million, or $1,230 psf, in 2011. This makes it the third-most profitable transaction at Parvis. The record is currently held by a 2,605 sq ft, four-bedroom unit that sold for $5.4 million, or $2,073 psf, in 2022. This represented a profit of $2.19 million, or 68.2%, over an annualised gain of 4.1% over 13 years.Parvis is a 12-storey development with 248 residential units comprising two-bedroom units of 990 sq ft to 1,442 sq ft and three- and four-bedders from 1,701 sq ft to 2,605 sq ft. Located a five-minute walk from Holland Village MRT Station on the Circle Line, it also houses three- and four-bedroom penthouses.The most unprofitable transaction was recorded at Scotts Square, with a $745,880 lossScotts Square, a freehold mixed-use development on Scotts Road in the Orchard shopping belt recorded the most unprofitable transaction, a $745,880 loss. On Feb 13, a two-bedroom unit on the 28th floor was sold for $3.08 million, or $3,252 psf. The 947 sq ft unit was previously sold for $3.83 million, or $4,039 psf, in 2007.This made it the second, and more recent owner, the least profitable among 69 unprofitable transactions at Scotts Square since 2007. The largest loss at the development was recorded in the sale of the 1,249 sq ft, three-bedroom unit at a loss of $1.56 million, or 30%.