Resale unit at Palm Spring in District 10 procures $1.15 mil benefit

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The seller of a unit in Cashew Heights Condominium created the best profit of $1.24 million on the week of Sept 24 to Oct 1. The vendor made a 187 percent gain, or an annualised gain of 8 percent over nearly 14 decades.

Situated in District 23, Cashew Heights Condominium has been finished in 1992 and contains 596 units onto a 999-year leasehold. It’s a nine-minute stroll into Petir LRT Station.

The 2nd best profit made within the week — a 61% gain of $1.15 million — was Palm Spring, on Ewe Boon Road at District 10. This usually means that the vendor made an annualised gain of 2% over 24 decades.

Palm Spring includes 167 freehold units across 10 storeys and has been finished in 1997. It’s 13 minutes from foot to Stevens MRT Station on the Downtown Line.

A unit offered in Varsity Park Condominium, along West Coast Road in District 5, also created the third most rewarding trade over the week, netting a 152% gain of $1.03 million to the vendor. The seller consequently made an annualised gain of 6 percent over 15 decades.

Varsity Park Condominium, finished in 2008, includes 530 units onto a 99-year leasehold.