The Business Times
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Prime residential properties account for majority of loss-making resale deals in Q2

Excluding executive condos, the most profitable trades by percentage were from homes in the suburbs, with sellers pocketing profits of up to 89 per cent

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Ry-Anne Lim

Ry-Anne Lim

Published Tue, Jul 23, 2024 · 05:29 PM
    • The biggest money-making deal by quantum in Q2 was for a 2,885 square foot unit at Ardmore Park condominium (pictured), which sold for S$11.9 million in May, earning the seller S$2.7 million in profit.
    • The biggest money-making deal by quantum in Q2 was for a 2,885 square foot unit at Ardmore Park condominium (pictured), which sold for S$11.9 million in May, earning the seller S$2.7 million in profit. PHOTO: BT FILE

    SINGAPORE’S prime residential properties chalked up the biggest losses – losing between S$780,000 and S$2.1 million in value – and accounted for the majority of loss-making deals in the second quarter of 2024. 

    Still, the majority of resale transactions in the Core Central Region (CCR) – at 80 per cent – remained profitable in Q2, data crunched for The Business Times by Cushman & Wakefield showed.

    The biggest money-making deal by quantum in Q2 was for a 2,885 square foot (sq ft) unit in Ardmore Park in the prime District 10. 

    private home salesCushman & WakefieldResidentialSingapore residential propertyResidential property

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