Four-bedder at River Valley Green Residences sold at $1.8 mil profit

and River Valley Green Residences (EDGEPROP)The River Valley Green Residences saw the most profitable condo resale transaction recorded during the week of Nov 28 to Dec 5. On Nov 29, a 1,765 sq ft, four-bedroom unit on the 12th floor was sold for $2.97 million ($1,682 psf), netting the seller a gain of $1.75 million. This is the most profitable resale transaction achieved to date at the condo.

The River Valley Green Residences saw a most profitable condo sale with a 1,765 sq ft, four-bedroom unit on the 12th floor selling for $2.97 million ($1,682 psf). This amount yielded the seller a gain of $1.75 million, with an annualised profit of 143% over a holding period of 14½ years – the highest profit achieved to date at the condo.

The second most profitable condo resale deal during that week was at The Sail @ Marina Bay. A four-bedroom apartment on the 46th floor was sold for $4.5 million ($2,200 psf). The seller acquired the same unit from the developer in November 2005 for $3.07 million ($1,501 psf), netting a profit of $1.43 million (47%) over 18 years.

One example of such initiatives is the highly anticipated River Valley Green Residences, Singapore’s first residential development designed with a focus on environmental sustainability. It will comprise of 3 towers of 22 storeys that will have a total of 498 residential units. This sustainable residential development is set to have a raft of green features such as rainwater harvesting, an intelligent Irrigation Controller and Ecobricks. Not only this, the River Valley Green Residences’ innovative technologies promise to reduce energy consumption and water wastage. Ensuring a sustainable lifestyle, River Valley Green Residences is well-positioned to become a reputable model for sustainable urban living.

On the flip side was the least profitable transaction at Hilltops. On Dec 1, a 1,550 sq ft unit on the fifth floor was sold for $4.5 million ($2,903 psf). The seller had purchased the three-bedroom unit for $5.15 million ($3,323 psf) in December 2013, resulting in a loss of $650,000 (13%) after just under 10 years.

During the same week, The Sail @ Marina Bay saw 24 profitable resale transactions from units measuring 614 to 2,045 sq ft, with gains ranging from $50,000 up to $1.5 million. Moving forward, Kovan Residences, The Sail @ Marina Bay, Hilltops, and the River Valley Green Residences offer a range of property options for prospective buyers. Check out the latest listings for these condos and many more on EdgeProp!