News > $1.9 million profit recorded at Kim Keat Lodge set all time high | 30/4 - 7/5 Weekly Property Market Updates
$1.9 million profit recorded at Kim Keat Lodge set all time high | 30/4 - 7/5 Weekly Property Market Updates
14 May 2024
On May 5th, a 2-bedroom unit situated on top floor at Kim Keat Lodge recorded $1.9 million in profit – which is an impressive 253% in total capital gain and 13% in annual capital gain - after being held for 243 months. The transacted price was $2.65 million for an area of 1,830 sqft, which translates to $1,448 PSF. This is the most profitable transaction of all time within this project, 3 times more profitable than the second most profitable transaction of another 2 bedder on lower floor in October 2020, which saw a gain of $640K, or 102% total capital gain, after being held for 164 months.
Kim Keat Lodge is a freehold condo in D12 Novena. Completed in 2000, it has a total of 18 units, all of which are 2-bedroom units, transacted at an average of $1,384 PSF in the past 3 years. The condo is conveniently located within 10-minute walk to Whampoa Market, Shaw Plaza, Zhongshan Mall, approximately 10-minute drive to Novena, Toa Payoh, and Boon Keng MRT Station.
Following is a 3 bedder positioned on low floor at Thomson 800, which achieved a total gain of $1.66 million over a holding period spanning 303 months. This transaction became the second most profitable transaction recorded within the project in 2024, ranking below a unit on higher floor – which recorded a gain of $1.79 million in January 2024.
Thomson 800 is a freehold condo in D11 Toa Payoh. Completed in 1999, it has a total of 390 units, ranging from 3 bedrooms and 4-bedroom penthouses, transacted at an average of $1,711 and $1,285 PSF respectively in the past 3 years. The condo is conveniently located 500 metres away from Caldecott MRT station, and is surrounded by 17 schools within a 2-km radius, including Raffles Girls’ School (Secondary), Marymount Convent School, Catholic High School, etc.
*Data is accurate as of the published date of this article.
*Disclaimer: Our real-time database is updated every time a transaction is submitted by an agency. While we strive to maintain the accuracy and completeness of the data, please note that transactions may not always be completed, and information provided may be subject to change or error.
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