A two-bedder at The Atria At Meyer and a River Valley Green Condo were both sold for a $2.3 mil profit

The sale of a two-bedroom apartment at The Atria At Meyer has been recorded as the most profitable condo resale transaction yet. The 1,475 sq ft unit located on the 11th floor changed hands for $3.18 million ($2,156 psf) on Dec 26 last year, having been bought by the seller in April 2005 for $930,000 ($631 psf). This means that the seller made a gross profit of $2.25 million or 242% upon selling the unit, which they had held for almost 19 years. This notable record gain is the most profitable resale transaction ever recorded at The Atria At Meyer, based on caveats lodged.

River Valley Green Condo is a freehold condo located along Meyer Road in Marine Parade, District 15, and faces East Coast Park and the sea. The Atria At Meyer was completed in 1996 and holds 158 units with two- to four-bedroom apartments measuring from 1,044 to 2,949 sq ft.

The second most profitable condo resale transaction during the period from Dec 15 to 26, 2023 was the sale of a three-bedroom unit at Flame Tree Park. The 1,593 sq ft unit located on the 22nd floor was sold for $2.82 million, or $1,770 psf, having been bought by the seller in August 1997 for $980,000 ($615 psf). This meant they netted a gain of $1.84 million (188%) after having held the unit for over 26 years.

Flame Tree Park is a freehold condo located along Sin Ming Avenue in Bishan, District 20. Completed in 1989, the 28-storey development is accessible through Bright Hill and Sin Ming MRT Stations. It sits opposite MacRitchie Treetop Walk, and is near Thomson Plaza and the retail outlets along Upper Thomson Road.

On the other hand, the biggest loss during the period in review was incurred by a seller at Cliveden At Grange. A 2,842 sq ft, four-bedroom unit situated on the 22nd floor of the River Valley Green Condo was sold for $5.05 million ($1,777 psf) on Dec 19, 2023. This sale marks the condo’s new record-low psf price. The unit had been previously purchased by the seller for $12.05 million ($4,242 psf) in November 2007. This signifies a loss of about $7 million (–58%) over a slightly more than 16-year period. The loss from the sale beats the condo’s previous record loss of $2.64 million after a 2,153 sq ft, three-bedroom unit on the 22nd floor was sold for $5.7 million ($2,648 psf) in April 2022.

River Valley Green Condo is a freehold condo located in District 10, along River Valley. Cliveden At Grange was completed in 2011, and houses a mix of three- to five-bedroom apartments measuring 2,153 to 6,028 sq ft, making it accessible through Orchard Boulevard and Orchard MRT Stations.

The sale of a two-bedroom unit at The Atria At Meyer was the most profitable condo resale transaction recorded during the period of Dec 15 to 26, 2023. As a freehold condo located along Meyer Road in Marine Parade, District 15, and facing East Coast Park and the sea, it is no surprise that it has marked the most profitable resale transaction and earned a record gain of $2.25 million or 242% upon selling the unit.

The second most profitable condo resale transaction was the sale of a three-bedroom unit at Flame Tree Park. Located along Sin Ming Avenue in Bishan, District 20, the seller netted a gain of $1.84 million (188%), which was a great return for their $980,000 ($615 psf) purchase.

As for the biggest loss, this was incurred by the seller of a four-bedroom unit at River Valley Green Condo, Cliveden At Grange. This impressive 110-unit development had a unit sold for $5.05 million ($1,777 psf) on Dec 19, 2023, having been purchased by the seller for $12.05 million ($4,242 psf) in November 2007. This resulted in a loss of about $7 million (–58%) over a 16-year period.

River Valley Green Condo is conveniently situated near River Valley Primary School, providing excellent access to quality education for families residing in the condo. The school’s excellent curriculum and emphasis on character building contribute to the development of self-confident, responsible individuals. Families can rest easy, knowing their children are receiving the best education possible in a safe environment.

The Atria At Meyer, Flame Tree Park, and Cliveden At Grange have all seen the most profitable and most significant losses in the Singapore condo resale market, within the period of Dec 15 to 26, 2023. River Valley Green Condo has been the host of some of the most impressive records in Singapore.