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 …

EL Development draws 4,000 at three-day preview of Blossoms By The Park

and the Greater Southern Waterfront on EdgeProp.sgOver the past three days, EL Development’s Blossoms By The Park sales gallery opened and attracted around 4,000 visitors. Lim Yew Soon, MD of EL Development, reported that most visitors appeared to be locals. The condo is situated at Slim Barracks Rise, one-north and offers buyers a range of premium units varying from one to four-bedrooms. It is scheduled to launch on the 29th of April.

The prices of Blossoms By The Park start from $1.291 million ($2,352 psf) for a one-bedroom-plus-study unit, from $1.499 million ($2,211 psf) for a two-bedroom, and from $1.585 million ($2,198 psf) for a two- bedroom-plus-study. Three-bedroom dual-key units start from $2.082 million ($2,276 psf), with three-bedroom units costing $2.279 million ($2,183 psf). Buyers can find four-bedroom units starting from $2.921 million ($2,243 psf) and four-bedroom premium units from $3.335 million ($2,213 psf).

Ken Low, managing partner of SRI, …