News > $2.67M in profit recorded for a 4-bedroom unit at Grange Heights | 16-23/4 Weekly Property Market Updates

$2.67M in profit recorded for a 4-bedroom unit at Grange Heights | 16-23/4 Weekly Property Market Updates

2 May 2024

On April 17th, a 4-bedroom unit situated on low floor at Grange Heights recorded $2.67 million in profit – which is a whopping 273% in total capital gain and 11% in annual capital gain - after being held for 306 months. The transacted price was $3.65 million for an area of 1,905 sqft, which translates to $1,915 PSF. This is the second most profitable transaction of all time within this project in terms of total capital gain, ranking below a transaction in December 2023 of a 4-bedder on middle floor, which saw a gain of $2.99 million, or 314% total capital gain, after being held for 259 months.

Grange Heights has proven to be a lucrative investment choice, with transactions yielding healthy returns over the past three years. On average, investors have enjoyed gains of $2.38 million, reflecting an impressive total capital gain of 168%.

*Capital Gain/Loss Transactions Table from RealInsight

Grange Heights is a freehold condo in D09 River Valley. Completed in 1975, it has a total of 120 units, all of which are 4-bedroom units, transacted at an average of $1,907 PSF in the past 3 years. The condo is conveniently located approximately 500 metres away from Great World and Somerset MRT station. Within 2-km radius, there are 14 schools including River Valley Primary School, Eton House International School, etc.

Following is a 3 bedder positioned on high floor at Mandarin Gardens, which achieved a total gain of $1.94 million over a holding period spanning 284 months. This transaction became the second most profitable transaction ever recorded for 3-bedroom units within the project, surpassing a unit on low floor – which recorded a gain of $1.78 million in September 2023.

Mandarin Gardens is a 99-year condo in D15 Bedok. Completed in 1986, it has a total of 1006 units, ranging from 1-4 bedrooms, transacted at an average of $1,241 PSF in the past 3 years. The condo is conveniently located 10-minute walk from Siglap and Marine Terrace MRT station, and is surrounded by 10 schools within a 2-km radius, including Ngee Ann Primary School and Temasek Junior College.

*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.

All analytical and visually interpreted data in this report is powered by RealAgent, a comprehensive app for real estate professionals. It offers a blend of property information, real-time transaction data, and advanced analytics, ensuring accurate and up-to-date insights for our report. Find out more about RealAgent here.

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