Five-bedder at Parc Stevens sold for $2.65 mil profit
A unit at Parc Stevens in District 10 was recorded as the most profitable condo resale transaction during the week of April 4 to 11, based on filings. The 3,466 sq ft, five-bedroom unit fetched $7.86 million ($2,265 psf) on April 10, and the seller made a gain of $2.65 million (51%) after holding the unit for 16 years.
Located at Stevens Drive off Stevens Road, Parc Stevens is a 48-unit freehold condominium consisting of three low-rise blocks of four storeys each. The unit in question marks the highest psf-price recorded at the development, as well as the 2nd most profitable transaction ever. The most profitable occurred last May when a 3,305 sq ft unit on the fourth floor changed hands for $6.23 million ($1,885 psf).
The second most profitable transaction came from the sale of a four-bedroom unit at Yong An Park, a freehold condo in the River Valley …