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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

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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