Jadescape owner sells unit for S$4.4 million profit after 5 years, topping Q4 resale gains
Most buyers of condos worth S$10 million or more are permanent residents
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A 4,230 square foot (sq ft) unit at Jadescape in Bishan was sold for S$10.2 million in December 2024, earning the seller a tidy profit of S$4.4 million – making it the most profitable transaction by quantum in the fourth quarter of 2024.
The penthouse unit at the 99-year leasehold condominium in District 20 was bought for nearly half that, at S$5.8 million or S$1,371 per square foot (psf), back in December 2019. This is according to data crunched for The Business Times by real estate consultancy Cushman & Wakefield.
On a psf basis, the unit was sold for S$2,399 psf in December 2024.
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