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Nassim 9, a luxury development situated along Nassim Road in prime District 10, has set a new record for the most profitable private non-landed resale transaction recorded during the period of Feb 4 to Feb 7. According to caveats lodged with the Urban Redevelopment Authority (URA), a four-bedroom unit spanning 2,486 sq ft on the third floor changed hands for $7.5 million on Feb 7. This translates to a price of $3,016 per sq ft (psf).
The seller had previously purchased the unit in December 2005 for $4.12 million, or $1,641 psf. Thus, they reaped a profit of $3.42 million, representing a staggering 83.8% of their original purchase price. This translates to an annualised gain of 3.2% over a period of 19 years.
This marks the third-most profitable resale transaction at Nassim 9 to date. The current record was set in March 2023 when a larger four-bedroom unit spanning 2,756 sq ft was sold for $9.5 million ($3,448 psf). It had been bought for $4.12 million ($1,495 psf) in December 2005. Hence, the seller made a profit of $5.38 million (130.6%), or an annualised gain of 5% over a period of 17 years.
Prior to the unit sold on Feb 7, the last caveated transaction at Nassim 9 was in March 2023, when a four-bedroom unit spanning 3,251 sq ft was sold for $10.3 million ($3,169 psf). It generated a profit of $3.3 million.
Housing just eight units, Nassim 9 is a boutique condominium completed in 2002, located along Nassim Road in prime District 10. The development features four-bedroom units ranging between 2,756 and 3,423 sq ft.
Mount Faber Lodge, a boutique freehold development located along Mount Faber Road in District 4, saw the second-most profitable resale during the period of Feb 4 to Feb 7. A triplex penthouse unit was sold for $5 million ($1,350 psf) on Feb 5, marking the most profitable transaction to date at the development. The unit last changed hands in August 2001 for $1.6 million.
This translates to a profit of $3.4 million (212.5%), or an annualised gain of 5% over a period of 23 and a half years. The previous record was held by a three-bedroom unit spanning 2,669 sq ft on the third floor that was sold for $3.89 million ($1,457 psf) in October 2022. The unit had been purchased in January 2006 for $1.3 million ($487 psf). As such, the seller made a profit of $2.59 million (199.2%) or an annualised gain of 4.7% over a period of 14 years.
Mount Faber Lodge is a boutique freehold development completed in 1983 and located along Mount Faber Road in District 4. The development features a wide variety of units ranging from studio apartments spanning 1,098 sq ft, two and three-bedroom units ranging from 1,173 to 2,454 sq ft, and five-bedroom triplex penthouses ranging between 3,703 and 3,723 sq ft.
The most profitable resale of a three-bedroom unit during the period in review occurred at Amaryllis Ville, a 99-year leasehold condominium in prime District 11. The 1,238 sq ft unit on the 28th floor was sold for $2.65 million on Feb 5, translating to a price of $2,141 psf. It had last changed hands in June 2005 for $1.09 million, or $884 psf. This represents a profit of $1.56 million (142.2%), or an annualised gain of 4.6% over a period of 19 and a half years.
The Feb 5 transaction was the third-most profitable unit to be sold at Amaryllis Ville. The record belongs to a 1,991 sq ft, three-bedroom unit on the 17th floor that was sold for $3.75 million ($1,885 psf) in September 2023. The unit had been purchased in June 2009 for $1.95 million ($979 psf). Hence, the seller made a profit of $1.8 million (92.5%), or an annualised gain of 4.7% over a period of 14 years.
Based on resale data tabulated by EdgeProp Singapore, resale prices at Amaryllis Ville have been steadily on the rise in recent years. Based on a rolling 12-month average, the average price hit $1,897 psf in February 2023, and further rose to $2,001 psf in February 2024. Most recently, in February 2025, the average price hit $2,082 psf, representing a 4% year-on-year increment.
Amaryllis Ville is home to 311 units, and is located along Newton Road. Completed in 2004, the development features a mix of different units ranging from studio apartments spanning 657 sq ft, two and three-bedroom units ranging from 958 to 2,637 sq ft, and five-bedroom triplex penthouses ranging between 3,703 and 3,724 sq ft.
There were no unprofitable transactions during the period in review.