With S$11m price tag, Ardmore Park unit is most profitable resale deal in Q4
Seller walked away with S$6.73 million in profit for the 2,885 sq ft unit in November 2021
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A 2,885 square foot (sq ft) unit at luxury project Ardmore Park, which transacted in November last year was the most profitable deal in the resale market in the fourth quarter of 2021 as the seller walked away with a profit of S$6.725 million - a handsome gain which far outstripped the S$4.275 million (S$1,482 per square foot or psf) paid for the house back in 1999.
The 23rd floor unit of the freehold condominium in District 10 went for S$11 million, or S$3,813 psf, and was held for over 22 years. This translates to an annualised profit of 4.3 per cent, showed Edmund Tie Research's data.
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