Three-bedder at The Windsor sold at $2.7 million profit

The sale of a freehold 3 bedroom unit in The Windsor which was previously bought by the seller for $750,000 in August 2005, and was recently sold at $3.41 million, is the most profitable resale transaction during the week of Aug 15 to 22, according to URA caveats lodged. This translate to a gross profit $2.66 million, raking in a capital appreciation of 355% over a holding period of 18 years before any deduction of service fee, legal fee, etc, making the most profitable resale transaction that has taken place at The Windsor to date. The previous record transaction was triumphed when a 2,497 sq ft unit transacted for $2.45 million ($981 psf) which was purchased by the seller back then In August 2005 for $860,000 ($344 psf) which means they nett in a gain of $1.59 million profit margins. a 159-units freehold development that was completed in the late 1990s, The Windsor is Located off Upper Thomson Road in District 20 on Onatorio Avenue. The freehold thomson condo consists of nine townhouses at 2,497 sq ft each, three-bedroom apartments with multiple configurations ranging from 936 to 1,797 sq ft, and double volume units of 1,819 to 3,853 sq ft each. The Windsor has only one other resale transaction at to date this year apart from the unit sold on Aug 16. a 2,013 sq ft unit fetched $2.95 million ($1,466 psf) in March 2K23. A freehold condo located along Old Upper Thomson Road in District 20 that was completed in 2K18, Adana @ Thomson, has 74-unit and was developed by Fortune Realty, which is also the developer of other condos such as the 96-unit RV Suites on River Valley Road, as well as the 67-unit The Mercury and the 108-unit RV Edge on Shanghai Road. Units at Adana @ Thomson include two-, three and four-bedders between 560 and 1,152 sq ft. Adana @ Thomson also achieved a new psf-price high during the period in review with the sale of a 560 sq ft unit for $1.082 million, or $1,933 psf, on Aug 11. The seller of the two-bedroom unit on the fourth floor had purchased it from the developer in July 2017 for $944,200 ($1,687 psf), which means they made a gain of about $138,000 on the sale. The transaction beats the previous psf-price high at Adana @ Thomson logged in July, when a 560 sq ft apartment was sold for $1.08 million or $1,930 psf.

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