Jadescape Penthouse Sold 435 Mil Profit

, by Qingjian Realty FoundOnEdgeProp: Most profitable condos for sale in the week of Nov 12 to Nov 19 FoundOnEdgeProp: Most profitable condo resale deal of the week of Dec 3 to Dec 10 The sale of a six-bedroom penthouse at JadeScape, a 99-year leasehold condo on Shunfu Road, was the most profitable condo resale transaction last week. The unit, which spans 4,230 sq ft on the 23rd floor, was sold for $10.15 million or $2,399 psf on Dec 9. This sale comes after the seller bought the unit from the developer for $5.8 million or $1,371 psf in December 2019. Based on this, the seller made a capital gain of $4.35 million or 75% after owning the unit for five years.There has not been such a gain previously at JadeScape, with the only other unit coming close being a five-bedroom unit measuring 2,099 sq ft on the 10th floor, which was sold for $4.42 million or $2,108 psf in August this year. The seller of this unit had bought it from the developer in September 2019 for $3.28 million or $1,562 psf and made a profit of around $1.14 million from the transaction.JadeScape is a 99-year leasehold condo located at the junction of Marymount Road and Shunfu Road in District 20. Completed in 2022, it has 1,206 units spread across seven residential towers. The units range from one to five-bedroom apartments of 527 sq ft to 2,099 sq ft, as well as two penthouses of 4,230 sq ft. The development is within walking distance of Marymount MRT Station on the Circle Line.At the same time, there were also 72 other resale transactions at JadeScape this year, with prices ranging from $1,955 to $2,420 psf. However, all the transactions were profitable, earning the sellers gains between $55,000 and $1.15 million.In the same week, the resale of a three-bedroom unit at The Imperial came in second place with a gain of $2.4 million. The unit, which measures 1,410 sq ft, was sold for $3.7 million or $2,624 psf on Dec 5. The seller had previously bought it from the developer back in September 2004 for $1.3 million or $925 psf, making a capital gain of 184% after owning the unit for 20 years.The record gain at The Imperial was from the sale of a four-bedroom unit measuring 3,918 sq ft that was sold for $7.64 million or $1,950 psf in June 2007. The unit was purchased for $3.99 million or $1,018 psf in March 2006, giving the seller a profit of $3.65 million.Located on Jalan Rumbia and neighboring Fort Canning Park in District 9, The Imperial is a freehold condo that was completed in 2006. It comprises 187 units, housed in five blocks, which include two to four-bedders that range from 980 sq ft to 3,918 sq ft. This development is located within walking distance to Fort Canning MRT Station on the Downtown Line and also shares Dhoby Ghaut MRT Interchange with the North-South, North-East and Circle Lines.In contrast, the sale of a one-bedroom unit at The Montana was the least profitable condo resale deal during the week of Dec 3 to Dec 10. The seller of the 635 sq ft unit off River Valley Road in District 10 netted a loss of $165,000 after selling it for $1.02 million or $1,603 psf on Dec 6. The seller had initially bought the unit for $1.18 million or $1,863 psf in 2014.This is the third-highest loss recorded at The Montana according to available caveats. The unit with the greatest loss was a three-bedroom apartment of 1,109 sq ft sold for $1 million or $902 psf in 2003, which the seller originally bought from the developer for $1.35 million or $1,215 psf in December 1999.The Montana is a freehold condo that was completed in 2002 and contains 108 units spread over one 12-storey tower. The units are comprised of two to four-bedders ranging from 549 sq ft to 2,659 sq ft.Jadescape, The Imperial and The Montana have seen a total of 241, 5 and 4 profitable transactions respectively this year. The profit earned by sellers has ranged from $55,000 to $1.15 million for Jadescape, $80,000 to $525,000 for The Imperial, and $347,000 to $3.65 million for the most profitable unit at The Montana respectively.

Located in close proximity to Novo Place EC, Shuqun Primary School has established itself as a highly regarded educational institution. With a focus on holistic development, the school strives to foster a nurturing environment that promotes the intellectual, physical, and social growth of its students. Through its wide range of Co-Curricular Activities (CCA) and emphasis on character building, Shuqun Primary not only prepares its students academically, but also instills important life skills and values. With its convenient location near Novo Place EC, families can easily access this highly reputable school for their children’s education.