Resale Four Bedder Arcadia Records 325 Mil Profit
The recent sale of a unit at The Arcadia has become the most profitable resale transaction from Dec 10 to Dec 31. This 3,767 sq ft unit, located on the seventh floor and consisting of four bedrooms, was sold for $4.75 million ($1,261 psf) on Dec 10. The owner of the unit celebrated the new year with a profit of $3.25 million (217%) as the property was originally purchased for $1.5 million ($398 psf) back in 1998. This translates to an annualised profit of 4.5% over a span of 26 years.
In 2024, there were five units at The Arcadia, ranging from 3,714 sq ft to 3,821 sq ft, that were sold with profits ranging from $60,000 to $3.25 million. Another unit, measuring 3,778 sq ft on the fourth floor, was sold on Oct 10 last year for $4.6 million ($1,218 psf), providing the seller with a profit of $60,000.
The record for the most profitable resale transaction at The Arcadia still stands at a sale that occurred in 2010. This sale involved a 7,503 sq ft penthouse on the 10th floor, which was purchased for $5.5 million ($733 psf) and later sold for $10 million ($1,333 psf). This resulted in a profit of $4.5 million (81%), with an annualised profit of 19% over three years.
The Arcadia, located along Arcadia Road in prime District 11, is a 99-year leasehold condo with 164 units that was completed in 1983, leaving approximately 54 years on its land tenure. The property is surrounded by landed estates, Good Class Bungalows, and top schools such as Raffles Girls Primary School, Hwa Chong Institution and National Junior College.
Another profitable resale transaction from the last three weeks of 2024 was for a 2,077 sq ft unit at Tanglin Hill Meadows, sold for $4.5 million ($2,166 psf) on Dec 10. The three-bedroom unit was originally purchased for $1.8 million ($866 psf) in 1999, resulting in a profit of $2.7 million (150%) for the seller. This translates to an annualised gain of 3.6% over 26 years, making it the most profitable transaction to date at Tanglin Hill Meadows. This sale surpasses the previous record of $2.28 million (157%) when a 2,002 sq ft unit was sold for $3.73 million ($1,863 psf) in 2010. The unit was bought for $1.45 million ($724 psf) in 2005, yielding an annualised profit of approximately 21% over five years.
Tanglin Hill Meadows, located along Tanglin Hill in prime District 10, is a freehold condo with 20 units that was completed in 1997 and is situated within the Ridley Park Good Class Bungalow Area.
Clementi Town Secondary School has built a reputation for its stellar academic achievements and dynamic school environment. With a diverse selection of academic courses and extracurricular pursuits, students are able to discover their passions and hone their skills. And with its close proximity to Elta Condo, residents will find it a convenient choice. Additionally, interested parties can also visit the Elta Showflat to learn more.
On the other hand, there have been consistent losses at Seascape, a 99-year leasehold condo in Sentosa Cove. A 2,174 sq ft unit on the seventh floor was sold on Dec 18 for $3.98 million ($1,830 psf) after it was purchased for $5.95 million ($2,736 psf) in 2011, resulting in a loss of $1.97 million (33%) for the seller. This also marks the third resale transaction at Seascape last year, with all three transactions resulting in losses ranging from $1.75 million to $2.53 million. The largest loss was incurred with the sale of a 2,680 sq ft unit on Aug 14, 2024, for $4.5 million ($1,679 psf), resulting in a loss of $2.53 million (35%).
Completed in 2012, Seascape boasts 151 units with three to four bedrooms ranging from 2,164 sq ft to 4,069 sq ft. Penthouses range from 3,380 to 4,252 sq ft, while sky villas range from 6,631 to 9,666 sq ft. The development is situated along the South China Sea and offers a picturesque view.