3-bedder in The Waterina saw record 226% in profit

The Waterina Condo has emerged as the star of the real estate market in the week of January 15-21, 2024, boasting an unprecedented record in capital gain. A 3-bedroom unit on the 7th floor witnessed a remarkable total capital gain of 1.7 million SGD, representing a 226% gain over a significant period of 260 months (11% annual capital gain). This transaction marks a new record as the most profitable unit ever transacted at The Waterina, beating the previous record of $1.6M (189% gain) in profit from a 3 bedder in July 2023.

The Waterina is a freehold condo development situated along Guillemard Road in District 14, which is just a 15-minute drive to the CBD. Completed in 2005, It has a total of 12 blocks and 398 units, with a mix of 1-4 bedroom units, average transacted price ranging from $1,400 to $1,560 PSF.

Table: Top 5 Condo Transactions with Highest Capital Gain for the week of 15-21 Jan 2024

Following The Waterina is a transaction of a 3-bedder on low floor at St Martin's Apartment. This unit witnessed a commendable total capital gain of 1.1 million SGD, reflecting 90.82% gain over a period of 320 months (annual capital gain of 4%). This marks the most profitable transaction recorded at St Martin’s Apartment to date, replacing the previous record of $1.02M in profit from a 2-bedroom unit on the same floor, transacted in May 2019.

Situated in District 10 and within walking distance to Orchard Boulevard MRT, St Martin's Apartment offers its residents the convenience and accessibility. This is a freehold development completed in 1986, with only 1 block and a total of 16 units - a mix of 2 and 3 bedrooms. Average transacted price ranges from $2,100 to $2,219 PSF.

The week of January 15-21, 2024 witnessed profitable real estate transactions, with the Waterina Condo and St Martin's Apartment leading the way with their record-breaking capital gains. These transactions not only highlight the strength of the real estate market but also underscore the appeal of premium properties that offer a perfect blend of luxury, location, and investment potential. As the market continues to evolve, these record-breaking transactions serve as a beacon for investors seeking both financial returns and a sophisticated lifestyle.

* All data presented in this article are powered by RealAgent and RealInsight - REA’s innovative tools that offer a blend of property information, real-time transaction data, and advanced analytics. Find out more about RealAgent here and RealInsight here .

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