The Edge Property Singapore
Published on Aug 16, 2016
From January to June 2016, there are 3,103 resale transactions in the non -landed private residential market,
15% were sold at loss.
The majority of the losses occurred in CORE CENTRAL REGION.
The biggest year-to-date loss is at THE RITZ-CARLTON RESIDENCES, where the seller lost $4,268,000
Seller lost $3,364,960 at TURQUOISE (2nd biggest loss).
The biggest year-to-date profit is at project ARDMORE PARK, where the seller made $3,529,832.
Seller made $3,300,000 at ST REGIS RESIDENCES (2nd most profitable).
Project JARDIN (7 unprofitable transactions) had the most number of unprofitable transactions.
Project A TREASURE TROVE (23 profitable transactions) had the most number of profitable deals.
SCOTTS SQUARE saw two of its most unprofitable homes this year, both were sold at a loss of $1.2million. The last million dollar loss seen from the development was in November 2008.
A two-bedroom condo unit at LATITUDE were sold twice, both losses.
- 1st: Sold in February 2012 at a loss of $389,000 (5.% annualised loss)
- 2nd: Sold in April 2016 at a loss of $613,000 (2.9% annualised loss)
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