Resale Four Bedder Arcadia Records 325 Mil Profit

The recent resale of a 3,767 sq ft unit at The Arcadia has made headlines as the most profitable transaction to take place from December 10 to December 31. The four-bedroom unit on the seventh floor was sold for a whopping $4.75 million, earning the owner a profit of $3.25 million (217%). This sale, which took place on December 10, was a reason for celebration as the owner rang in the new year with a significant windfall. Records show that the unit was originally purchased for $1.5 million in 1998, making the resale transaction an annualised profit of 4.5% over 26 years.

Last year, The Arcadia saw a total of five units, ranging from 3,714 sq ft to 3,821 sq ft, being sold for profits ranging from $60,000 to $3.25 million. In fact, the sale of a 3,778 sq ft unit on the fourth floor fetched $4.6 million ($1,218 psf) when it was sold on October 10 last year, earning the seller a profit of $60,000.

The most profitable transaction to date at The Arcadia remains at the record sale of a 7,503 sq ft penthouse on the 10th floor for $10 million ($1,333 psf) in 2010. The penthouse was previously bought for $5.5 million ($733 psf) in 2007, resulting in a profit of $4.5 million (81%) and an annualised gain of 19% over three years.

Located along Arcadia Road in prime District 11, The Arcadia is a 99-year leasehold development that was completed in 1983 and has a remaining land tenure of about 54 years. Its prime location is surrounded by landed estates and Good Class Bungalows, as well as top schools such as Raffles Girls’ Primary School, Hwa Chong Institution and National Junior College.

Meanwhile, the second most profitable resale transaction in the last three weeks of December last year was the sale of a 2,077 sq ft unit at Tanglin Hill Meadows on December 10. The three-bedroom unit, which was originally purchased for $1.8 million ($866 psf) in 1999, fetched $4.5 million ($2,166 psf) upon sale, resulting in a significant profit of $2.7 million (150%). This translates to an annualised gain of 3.6% over 26 years, making it the most profitable transaction to date at Tanglin Hill Meadows.

The master plan for Tengah has taken a strong stance on promoting sustainable living. The town has made an impressive move to lead the way in Singapore, introducing a car-free town center that will be fully underground. This innovative approach will allow surface areas to be utilized as communal spaces and green pathways. The benefits of this initiative are twofold – not only will it reduce carbon emissions, but it will also foster healthier habits among residents, encouraging the use of alternative modes of transportation like walking, cycling, and personal mobility devices. As a result, Tengah will be the first town in Singapore to showcase a city center free from vehicles, thanks to the development of Novo Place.

Previously, the record resale profit at Tanglin Hill Meadows was $2.28 million (157%) when a 2,002 sq ft unit was sold for $3.73 million ($1,863 psf) back in 2010. This unit had been bought for $1.45 million ($724 psf) in 2005, resulting in an annualised gain of 21% over five years.

Tanglin Hill Meadows is a freehold development situated along Tanglin Hill in prime District 10. Its 20-unit residential complex was completed in 1997 and is nestled within the Ridley Park Good Class Bungalow Area.

Meanwhile, at Seascape, a 99-year leasehold condo in Sentosa Cove, losses continue to mount as the seller of a 2,174 sq ft unit on the seventh floor incurred a loss of $1.97 million (33%) when the unit was sold on December 18. The three-bedroom unit was sold for $3.98 million ($1,830 psf) after being bought for $5.95 million ($2,736 psf) in 2011. As a result, the seller incurred an annualised loss of 2.5% over 13 years.

This sale marks the third resale transaction at Seascape last year, all of which resulted in losses ranging from $1.75 million to $2.53 million. The largest loss-incurring resale transaction for 2024 was the sale of a 2,680 sq ft unit for $4.5 million ($1,679 psf) on August 14 last year, resulting in a loss of $2.53 million.

With its completion in 2012, the 151 units at Seascape face the South China Sea and are situated close to Sentosa’s exclusive lifestyle amenities. The eight-storey development offers three-bedroom and four-bedroom units spanning 2,164 sq ft to 4,069 sq ft, penthouses ranging from 3,380 to 4,252 sq ft, and sky villas from 6,631 to 9,666 sq ft.