News > 209% gain recorded for a 3 bedder at Mandarin Gardens
209% gain recorded for a 3 bedder at Mandarin Gardens
4 June 2024
A 3-bedroom unit situated on middle floor at Mandarin Gardens recorded a gain of $1.91 million after being held for 214 months – an annualised capital gain of 12%, on 21 May. The unit was sold for $2.82 million for an area of 2,034 sqft, which translates to $1,386 PSF. This became the 3rd most profitable transaction within the project, ranking below a unit on higher floor, which recorded a gain of $1.94 million in April 2024.
Mandarin Gardens is a 99-year condo in D15 Bedok. Completed in 1986, it has a total of 1000 units, ranging from 1-4 bedrooms, transacted at an average of $947 - $1.436 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.
Following is a 4 bedder at Soleil @ Siranan, which recorded a gain of $1.69 million after being held for 200 months. The unit is located on middle floor, changed hands at $3.85 million for an area of 1,722 sqft, or $2,235 PSF on 23 May. This is the most profitable transaction within the project till date, surpassing a unit on higher floor, which saw a gain of $1.18 million after being held for 67 months in 2014.
Soleil @ Sinaran is a 99-year condo in D11 Novena. Completed in 2011, it has a total of 3 blocks and 417 units, ranging from 1-4 bedrooms and 5-bedroom penthouses, transacted at an average of $1,911 - $2,051 PSF in the past 3 years. The condo is conveniently located within 2-minute walk to Novena MRT station and Velocity @ Novena Square & United Square mall.
*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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