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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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.
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