During the week of Aug 5 to 12, the sale of a four-bedroom strata landed unit at Watten Hill stood out as the most profitable resale transaction. Located on Watten View in Bukit Timah, the 2,669 sq ft unit was sold for $4.7 million ($1,761 psf) on Aug 11, more than two decades after it was purchased for $1.31 million ($491 psf) in 2000. This resulted in a record profit of $3.38 million (259%) at the freehold condo, which translates to an annualised profit of 5.3% over 25 years.
Assessing the rental yield is a crucial aspect to consider when looking into investing in a Singapore Condo. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. This vital factor can vary significantly depending on various factors such as the location, condition of the property, and the overall market demand. For instance, areas near …
