Unit at Chuan View sold for tidy profit in Nov
It sold for profit of 270% after being held for 15 years; favourable entry timing was key to profit-making deals
Singapore
A FAVOURABLE entry timing helped a seller reap the top profit-making transaction by percentage for the month of November as a 1,518 square foot (sq ft) unit at freehold development Chuan View was sold for nearly four times the purchase price.
Located in District 19, the unit at Chuan View was bought for S$520,000 (S$343 psf) in March 2005 and sold for a profit of 270 per cent at around S$1.92 million (S$1,267 psf), according to data from Edmund Tie Research which studied caveats for non-landed private homes with a prior purchase history. These were then ranked as the top profit- and loss-making deals for November by percentage and by quantum.
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