Landed property deals reap tidy profits in Q1 2021
Non-landed properties did not fare as well as units were generally purchased during 2007 property market peak, or could have been sold due to unfavourable circumstances
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TRANSACTIONS for landed properties dominated the top profit-making deals in the first quarter of this year, with their sellers handsomely rewarded as they walked away with huge profits.
Among the blockbuster deals was the sale of a freehold Good Class Bungalow (GCB) at Nassim Road, setting a record price of S$4,005 per square foot (psf) based on land area. The 32,160 sq ft site in District 10 was sold for S$128.8 million, more than four times the S$30.3 million (S$942 psf) it was purchased for in November 2006.
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