News > $2.83M in profit for a 4 bedder at Grange Heights Condo, setting new high

$2.83M in profit for a 4 bedder at Grange Heights Condo, setting new high

13 August 2024

On July 31, 2024, a 4-bedroom unit at Grange Heights in District 09 (River Valley) recorded a gain of $2.83 million, marking a remarkable 304% increase after being held for 308 months (approximately 25.7 years). The 1,905 sqft unit on the 4th floor sold for $2.83 million, translating to $1,974 per square foot (PSF). This sale represents the highest profit recorded at Grange Heights in 2024, surpassing a previous transaction in April 2024, where another 4-bedroom unit achieved a $2.67 million gain (273%) after 306 months.

Grange Heights, a freehold condo completed in 1975, consists of 120 units with 4-bedroom layouts. Over the past three years, units have transacted at an average of $1,863 PSF. The development is ideally located within a 10-minute walk from Great World, Somerset, and Orchard MRT stations, and is in close proximity to the bustling Orchard Road, which offers a variety of dining options and shopping malls such as 313@Somerset and Ngee Ann City. The nearby Robertson Quay and Clarke Quay also provide a vibrant nightlife scene with bars and riverside dining options, making Grange Heights a prime location for both convenience and lifestyle.

Image: Grange Heights Condo location on Map View by RealInsight.

The second most profitable transaction of the week occurred at Citylights condo in District 08 (Kallang). A 3-bedroom unit recorded a gain of $1.58 million after being held for 215 months (approximately 17.9 years), reflecting an annual gain of 11%. The 1,356 sqft unit on a middle floor sold for $2.4 million, or $1,770 PSF. This is the second-largest gain recorded at Citylights in 2024, ranking below a high-floor unit that achieved a $1.71 million gain in May.

Citylights, a 99-year leasehold condo completed in 2007, comprises 559 units with configurations ranging from 1 to 4 bedrooms. Over the past three years, units have transacted at an average of $1,747 PSF. The condo is conveniently located within a 10-minute walk of four MRT stations: Bendemeer, Kallang, Lavender, and Jalan Besar. It is also just minutes away from the vibrant city centre, offering easy access to numerous amenities. Additionally, Citylights residents benefit from nearby amenities including the Kallang Riverside Park, Kallang Wave Mall with its array of retail stores, eateries, and entertainment options. The area is also close to key landmarks like the Singapore Sports Hub and the National Stadium, providing easy access to sports events and concerts.

Image: Citylights Condo location on Map View by RealInsight.

*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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$2.83M in profit for a 4 bedder at Grange Heights Condo, setting new high

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