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Author: leahlim   |   Latest post: Thu, 27 Feb 2020, 3:28 PM

 

Unit at The Jade sold for $712,880 profit

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SINGAPORE (EDGEPROP) - The resale market began the year with profitable transactions at The Jade, a 99-year leasehold development on Bukit Batok Central Link, and Hillview Green, a 999-year development off Upper Bukit Timah.
The most profitable transaction during the week of Dec 31 to Jan 7 was the sale of a 1,335 sq ft, three-bedroom unit at The Jade. The unit had been bought for $650,000 ($487 psf) in September 2005, and changed hands for $1.36 million ($1,021 psf) on Jan 6. This means the seller earned a $712,880 (110%) profit, or an annualised profit of 5% over 14 years.
 
 
 
 

 

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