Investing in a condominium in Singapore has become an increasingly popular choice for both local and foreign investors. With its strong economy, stable political environment, and exceptional standard of living, Singapore is a highly desirable location. The real estate market in Singapore offers a multitude of prospects, with condominiums rising as a top contender due to their convenience, amenities, and potential for substantial returns. In this piece, we will explore the benefits, factors to consider, and essential steps to take when investing in a Singapore Condo.
Nassim 9 unit up for sale at $5.9 mil profitSINGAPORE (EDGEPROP) – The luxury development Nassim 9 scored the most lucrative private non-landed resale transaction during the period from Feb 4 to Feb 7. The transaction was for a 2,486 sq ft, four-bedroom unit located on the third floor, which was sold for $7.5 million, or $3,016 psf, on Feb 7.According to URA caveats, the unit was previously purchased for $4.12 million ($1,641 psf) in December 2005, which means the seller reaped a profit of $3.42 million or 83.8% of their original purchase price. This translates to an annualised gain of 3.2% over 19 years.Nassim 9 has seen a 2,486 sq ft, four-bedroom unit sell for $7.5 million ($3,016 psf), resulting in a profit of $3.42 million. (Photo: Samuel Isaac Chua / EdgeProp Singapore)This transaction is the third most profitable resale at Nassim 9 to date. The most recent record was set in March 2023 when a larger four-bedroom unit spanning 2,756 sq ft was sold for $9.5 million ($3,448 psf). It was bought for $4.12 million ($1,495 psf) in December 2005, earning the seller a profit of $5.38 million (130.6%), or an annualised gain of 5% over 17 years.Read also: 8M Residences sets new price high of $2,384 psfAdvertisementAdvertisementThe previous transaction at Nassim 9 before the one on Feb 7 was in March 2023, when a 3,251 sq ft, four-bedroom unit was sold for $10.3 million ($3,169 psf). It saw a profit of $3.3 million being made.Nassim 9, a boutique condo along Nassim Road in prime District 10, comprises only eight units. Completed in 2002, it has four-bedroom units between 2,756 and 3,423 sq ft.The development had another lucrative transaction occur in March 2023, when a larger four-bedroom was sold for $9.5 million ($3,448 psf). (Photo: Samuel Isaac Chua / EdgeProp Singapore)The second most profitable resale during the period in review happened at the freehold development of Mount Faber Lodge, where a triplex penthouse unit was sold for $5 million ($1,350 psf) on Feb 5. Previously, this unit was bought for $1.6 million in August 2001, earning the seller a whopping profit of $3.4 million (212.5%), or an annualised gain of 5% over the span of 23½ years.Mount Faber Lodge’s 298 units are situated along Mount Faber Road in District 4. (Photo: Samuel Isaac Chua / EdgeProp Singapore)The transaction on Feb 5 was the most profitable one to have taken place in Mount Faber Lodge so far. The previous record was held by a three-bedroom unit which was 2,669 sq ft on the third floor that was bought for $1.3 million in January 2006 and sold for $3.89 million ($1,457 psf) in October 2022. This resulted in a profit of $2.59 million (199.2%).Mount Faber Lodge’s 84 units are spread out among studio apartments with 1,098 sq ft, two- and three-bedroom units from 1,173 to 2,454 sq ft, as well as five-bedroom triplex penthouses which have 3,703 to 3,724 sq ft.The third most profitable deal during the period in review was the sale of a three-bedroom unit at Amaryllis Ville, a 99-year leasehold condo in prime District 11. The 1,238 sq ft unit on the 28th floor was sold for $2.65 million ($2,141 psf) on Feb 5. Purchased previously for $1.09 million in June 2005, the seller made a profit of $1.56 million (142.2%), or an annualised gain of 4.6% over 19½ years.Read also: Sydney luxury project Aura by Aqualand to launch in Singapore with prices from A$2 milAdvertisementThe transaction on Feb 5 currently holds the record as third most profitable deal at Amaryllis Ville. The most profitable deal so far was a 1,991 sq ft three-bedroom unit on the 17th floor that was sold for $3.75 million ($1,885 psf) in September 2023. It was bought for $1.95 million ($979 psf) in June 2009 by the seller, who went on to make a profit of $1.8 million (92.5%) through an annualised gain of 4.7% over 14 years.Amaryllis Ville, completed in 2004, has a mix of one- and two-bedroom units from 657 to 1,378 sq ft and three-bedroom units from 958 to 2,637 sq ft. Furthermore, it has 311 units. Some nearby condos include the 129-unit Rochelle at Newton along Keng Lee Road and the 378-unit Kopar at Newton along Makeway Avenue.Find condominiums sold pricesCondo development pricesCondo prices in District 10Condo prices in District 11Unprofitable transactions during this period are not available. View listings for neighbourhood condos
Nassim 9 in District 10 made the most profitable private non-landed resale transaction during the period from Feb 4 to Feb 7. The sale was done with a transaction price of $7.5 million, or $3,016 psf, for a four-bedroom unit on the third floor that took place on Feb 7. The seller had previously purchased the unit for $4.12 million ($1,641 psf) in December 2005, which earned them a profit of $3.42 million, equivalent to 83.8% of their original purchase price. This served as an annualised gain of 3.2% over 19 years. Nassim 9 has seen a 2,486 sq ft, four-bedroom unit sell for $7.5 million ($3,016 psf), resulting in a profit of $3.42 million. (Photo: Samuel Isaac Chua / EdgeProp Singapore) Nassim 9 is a boutique condo located along Nassim Road in prime District 10 that has just eight units. Completed in 2002, the four-storey development has four-bedroom units spanning between 2,756 and 3,423 sq ft. This transaction was the third-most profitable resale at Nassim 9 to date. The new record was set in March 2023 when a larger four-bedroom unit of 2,756 sq ft was sold for $9.5 million ($3,448 psf). It had been bought for $4.12 million ($1,495 psf) in December 2005, so the seller earned a profit of $5.38 million (130.6%), which served as an annualised gain of 5% over 17 years. Prior to the unit sold on Feb 7, the last caveated transaction at Nassim 9 was in March 2023, when a 3,251 sq ft, four-bedroom unit was sold for $10.3 million ($3,169 psf), which generated a profit of $3.3 million. Get to know the most profitable transactions with our condo price tracker. Housing just eight units, Nassim 9 is a boutique condo located along Nassim Road in prime District 10. Completed in 2002, the four-storey development has four-bedroom units spanning between 2,756 and 3,423 sq ft. (Photo: Samuel Isaac Chua / EdgeProp Singapore) The second most profitable resale during the period in review happened at the freehold development of Mount Faber Lodge, where a triplex penthouse unit was sold for $5 million ($1,350 psf) on Feb 5. The owner had previously bought it in August 2001 for $1.6 million, so they enjoyed a profit of $3.4 million (212.5%), representing an annualised gain of 5% over 23½ years. This sale is the most profitable unit to be transacted at Mount Faber Lodge to date. The previous record was held by a three-bedroom unit spanning 2,669 sq ft on the third floor that was sold for $3.89 million ($1,457 psf) in October 2022. It was bought for $1.3 million ($487 psf) in January 2006, so the seller made a profit of $2.59 million (199.2%). Completed in 1983, Mount Faber Lodge is a boutique freehold development located along Mount Faber Road in District 4. (Photo: Samuel Isaac Chua / EdgeProp Singapore) Mount Faber Lodge comprises of 298 units, is a boutique freehold condo situated along Mount Faber Road in District 4. It has four-bedroom units from 2,669 sq ft, studio apartments of 1,098 sq ft, as well as two- and three-bedroom apartments that have 1,173 to 2,454 sq ft, along