Yong An Park unit changes hands for S$12.5m - making it the most profitable Q3 deal in the resale market
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A 6,577 square foot (sq ft) unit at freehold Yong An Park along River Valley Road was transacted for S$12.5 million (S$1,901 per square foot) in September, earning the seller a handsome windfall of S$8.7 million - and making it the most profitable transaction by quantum in the third quarter of this year.
The 25th floor unit at the project in prime district 9 was purchased for a fraction of that price at S$3.8 million (S$578 psf) back in 2000. The seller held the unit for nearly 211/2 years, translating to an annualised profit of 5.7 per cent.
This is according to data from real estate consultancy Edmund Tie Research, which studied caveats for private homes with a prior purchase history that were transacted in Q3 2021, and then ranked them as the top 5 profit- and loss-making deals, both by percentage and by quantum.
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