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Friday the 13th was a lucky day for five sellers
By Esther Hoon / The Edge Property | June 4, 2016 8:00 AM MYT
Tags: Gains and LossesLandedCondo/Apartment

Thirteen is not an unlucky number after all. Three condominium units and two landed homes were sold at a profit exceeding $1 million on May 13, which also happened to fall on a Friday.

Of the three condo units, the most profitable sold accrued to a 3,165 sq ft, four-bedroom penthouse at The Azure in Sentosa Cove, which netted a $1.2 million profit, or an annualised gain of 3%.

The seller had purchased the unit direct from the developer for $3.4 million ($1,072 psf) in October 2005 and resold it for $4.6 million ($1,438 psf) this year. This marked the first transaction in the project since 2014.

The second million-dollar deal was traced to a 1,668 sq ft, three-bedroom unit at Pinewood Gardens on Balmoral Park, a freehold condo in District 10. The home fetched $2.4 million ($1,438 psf) in May, resulting in a profit of $1.1 million, or an annualised gain of 4%. The seller purchased the unit in April 1999 for $1.3 million ($749 psf).

http://www.theedgeproperty.com.sg/co...y-five-sellers