Share of loss-making resale transactions continues to inch down, thanks to resilient prices and demand
A 2,260-SQUARE-FOOT (sq ft) unit at Four Seasons Park was sold for S$7.8 million in August, earning the seller a cool S$3.8 million in profit – making it the most profitable transaction by quantum in the third quarter of 2024.
The 20th-floor unit at the freehold luxury condo in the prime District 10 – a stone’s throw from the Orchard Road shopping belt – was bought for nearly half that, at S$4 million or S$1,770 per square foot (psf), back in September 2020. This is based on data crunched for The Business Times by real estate consultancy Cushman & Wakefield.
On a psf basis, the unit was sold at S$3,451 psf in August, making for the highest-achieved psf benchmark at the Four Seasons Park project, noted Cushman & Wakefield research head Wong Xian Yang.
