News > Record-breaking Profit: The Trillium and Spanish Village Set New Heights | 23-30/4 Property Market Updates
Record-breaking Profit: The Trillium and Spanish Village Set New Heights | 23-30/4 Property Market Updates
7 May 2024
On April 26th, a 5-bedroom unit situated on middle floor at The Trillium recorded $3.33 million in profit – which is a 27% in total capital gain and 2% in annual capital gain - after being held for 202 months. The transacted price was $15.5 million for an area of 5,533 sqft, which translates to $2,801 PSF. This is the most profitable transaction of all time within this project, surpassing a transaction in December 2022 of another 5-bedder on lower floor, which saw a gain of $2.93 million, or 70% total capital gain, after being held for 188 months.
From June 2021 to May 2024, The Trillium witnessed 16 transactions, all of which are profitable, with an average of $1.33 million and 34% in total capital gain, and 3% in annualised capital gain. While it remains a profitable option for investment, average capital gain is not ideal compared to other condos in the area, such as Grange Heights.
*Capital Gain/Loss Transactions Table from RealInsight
The Trillium is a freehold condo in D09 River Valley. Completed in 2010, it has a total of 231 units, ranging from 2-5 bedrooms, transacted at an average of $2,397 - $2,782 PSF in the past 3 years. The condo is conveniently located next to Great World MRT Station and an 8-minute walk from Havelock MRT station. Within 2-km radius, there are 15 schools including River Valley Primary School, Eton House International School, etc.
Following is a 3 bedder positioned on low floor at Spanish Village, which achieved a total gain of $2.7 million over a holding period spanning 341 months. This transaction became the most profitable transaction ever recorded within the project, surpassing a unit on low floor – which recorded a gain of $2.1 million in July 2022.
Spanish Village is a freehold condo in D10 Tanglin. Completed in 1987, it has a total of 226 units, ranging from 1-3 bedrooms, transacted at an average of $2,033 PSF in the past 3 years. The condo is conveniently located 350 metres away from Farrer Road MRT station, and is surrounded by 9 schools within a 2-km radius, including Hwa Chong Institution, Nanyang Primary School and Raffles Girls’ Primary School.
*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 RealInsight, a powerful tool for property developers, investors and institutions. It offers a complete solution for development planning or portfolio building by providing access to real-time data regarding properties, developers, land sales and data analytics tool for market research and reports. Find out more about RealInsight here.
To know more about our data-driven real estate solutions, contact us here.
Continue to read our other data insights articles:
4-bedder at The Esta recorded 211% in total capital gain | 9-16/4 Weekly Property Market Updates
$1.52M for a 5-room HDB at The Pinnacle@Duxton recorded on 9 April
Singapore Property Market Snapshot - March 2024
$1.5 million recorded for an 1,851 sqft Executive HDB at 286 Bishan Street 24, setting new high
About Us
Leading Asia Real Estate AI Provider
At Real Estate Analytics, we're revolutionising the real estate industry with our cutting-edge AI technology. By applying advanced data science in real estate industry, and providing customised services for people with various property needs, our market trends and insights, agent enhanced tools, and REA Developer Suite deliver realistic and reliable end-to-end solutions that enables everyone can make their informed decisions. Our solutions are available across Singapore, Malaysia, Hong Kong (China), Indonesia and Australia. Explore Our Seamless Data-Driven Real Estate solutions here.
Our data insights blog uses data-based evidence to examine popular trends and misconceptions in the real estate industry, providing valuable insights for informed decision-making.
