Four Bedder Sovereign Nets 35 Mil Profit

The most profitable resale transaction during the week of July 22 to 29 was the sale of a 2,637 sq ft unit at The Sovereign. The four-bedroom unit on the 16th floor was sold for $6.5 million ($2,465 psf) on July 24, earning the seller a hefty profit of $3.5 million (116.7%). The unit had been previously purchased in February 2007 for around $3 million ($1,138 psf). This translates to an annualised profit of 4.3% over a period of more than 18 years.The most profitable deal to date at The Sovereign, based on lodged caveats, is $4.3 million which was set when a similar four-bedroom unit on the fourth floor was sold for $6.15 million ($2,332 psf) on July 14. The seller, who had bought the unit in April 2005 for around $1.85 million ($700 psf), recorded an annualised gain of 6.1% over more than 20 years.The Sovereign is a freehold condominium located on Meyer Road in District 15. Completed in 1993, the single-tower development consists of 87 residential units, mainly four-bedroom units ranging from 2,637 to 3,305 sq ft. It is within walking distance of Tanjong Katong MRT Station on the Thomson-East Coast Line.Read also: Resale three-bedder at Ocean Park nets $2.9 mil profitAdvertisementAdvertisementApart from the July 14 and July 24 transactions, there has been only one other resale deal at The Sovereign in 2025, which was also profitable. On May 22, a 3,305 sq ft unit was sold for $7.7 million ($2,330 psf), netting the seller a profit of $3.3 million. The seller had bought the unit in December 2007 for around $4.4 million ($1,331 psf).The second most profitable condo resale deal during the week occurred at Waterfall Gardens. The 4,036 sq ft penthouse unit on the 11th floor was sold for $8.08 million ($2,002 psf) on July 28. The seller had purchased the unit from the developer in February 2007 for around $6.22 million ($1,542 psf). Hence, the seller earned a profit of $1.86 million (29.9%) after holding the unit for more than 18 years.This marks the most profitable resale transaction recorded at Waterfall Gardens, based on available caveats. It surpasses the development’s previous record gain of $1.57 million, which came from the sale of another 4,037 sq ft penthouse unit on the 11th floor for around $7.38 million ($1,828 psf) in June 2007. The seller had purchased the unit in February 2007 for about $5.81 million ($1,440 psf), recording an annualised profit of 98.8% after owning the unit for less than a year.Waterfall Gardens is a freehold condo located along Farrer Road in prime District 10. Completed in 2010, it has 132 residences across three 12-storey towers comprising a mix of three- and four-bedroom apartments spanning 1,829 to 2,583 sq ft. The development also has 12 penthouse units ranging from 3,380 to 4,844 sq ft.The most unprofitable condo resale transaction during the week took place at Devonshire Residences. A 947 sq ft, one-bedroom unit was sold for $1.55 million ($1,636 psf) on July 22. The seller, who had bought the unit for around $2.46 million ($2,599 psf) in April 2011, suffered a loss of $912,200 (37%) after holding the unit for slightly more than 14 years.This is the biggest recorded loss at Devonshire Residences to date. It surpasses the development’s previous record loss of $240,500 from the sale of a 495 sq ft, one-bedroom unit for $999,900 ($2,020 psf) in September 2024. The seller had bought the unit in April 2011 for around $1.24 million ($2,505 psf), recording an annualised loss of 1.6% after owning the unit for more than 13 years.Devonshire Residences is a freehold development that was completed in 2015. Located along Devonshire Road in prime District 9, the 25-storey development houses 85 units comprising one-bedroom apartments of 495 to 829 sq ft. There are also one-bedroom penthouse units, which range from 818 to 1,055 sq ft.

The most profitable resale deal of the week took place at The Sovereign, with a 2,637 sq ft unit on the 16th floor selling for $6.5 million ($2,465 psf) on July 24. This transaction earned the seller a profit of $3.5 million (116.7%). The unit was previously purchased in February 2007 for around $3 million ($1,138 psf), resulting in an annualized profit of 4.3% over more than 18 years.

Based on lodged caveats, this sale is the fifth most profitable deal at The Sovereign. It falls just short of the development’s record gain of $4.3 million, set when a similar four-bedroom unit on the fourth floor was sold for $6.15 million ($2,332 psf) on July 14. The seller, who bought the unit in April 2005 for around $1.85 million ($700 psf), earned an annualized profit of 6.1% over more than 20 years.

The Sovereign is a freehold condo located on Meyer Road in District 15. It consists of 87 four-bedroom units ranging from 2,637 to 3,305 sq ft, and is within walking distance of Tanjong Katong MRT Station on the Thomson-East Coast Line.

Apart from the two profitable transactions in July, there was one other resale deal at The Sovereign this year, which was also profitable. On May 22, a 3,305 sq ft unit was sold for $7.7 million ($2,330 psf), netting the seller a profit of $3.3 million. The unit was purchased in December 2007 for around $4.4 million ($1,331 psf).

The second most profitable condo resale deal of the week was at Waterfall Gardens, with a 4,036 sq ft penthouse unit on the 11th floor selling for $8.08 million ($2,002 psf) on July 28. The seller had purchased the unit from the developer in February 2007 for around $6.22 million ($1,542 psf), resulting in a profit of $1.86 million (29.9%) after holding the unit for more than 18 years.

This is the most profitable deal recorded at Waterfall Gardens, surpassing the previous record gain of $1.57 million from the sale of another 4,037 sq ft penthouse unit on the 11th floor for $7.38 million ($1,828 psf) in June 2007. The seller had bought the unit in February 2007 for about $5.81 million ($1,440 psf), resulting in an annualized profit of 98.8% after less than a year of ownership.

Waterfall Gardens is a freehold condo located on Farrer Road in prime District 10. It has 132 residences across three 12-storey towers, with three- and four-bedroom units ranging from 1,829 to 2,583 sq ft. There are also 12 penthouse units ranging from 3,380 to 4,844 sq ft.

The most unprofitable condo resale transaction of the week occurred at Devonshire Residences, with a 947 sq ft, one-bedroom unit selling for $1.55 million ($1,636 psf) on July 22. The seller, who had bought the unit for around $2.46 million ($2,599 psf) in April 2011, suffered a loss of $912,200 (37%) after holding the unit for slightly more than 14 years.

This is the biggest recorded loss at Devonshire Residences, surpassing the previous record loss of $240,500 from the sale of a 495 sq ft, one-bedroom unit for $999,900 ($2,020 psf) in September 2024. The seller had bought the unit in April 2011 for around $1.24 million ($2,505 psf), resulting in an annualized loss of 1.6% over more than 13 years.

Devonshire Residences is a freehold development completed in 2015, located on Devonshire Road in prime District 9. It has 85 units comprising one-bedroom apartments of 495 to 829 sq ft, as well as one-bedroom penthouse units ranging from 818 to 1,055 sq ft.

The Master Plan for Yishun has a strong emphasis on revitalizing and enhancing the living experience for its residents. This includes initiatives such as the development of additional parks, communal areas, and recreational facilities. One of the major projects in the works is the Khatib Nature Corridor, which will span from Miltonia Close to Springleaf, and ultimately connect to the renowned Central Catchment Nature Reserve. This transformation will make the district more eco-friendly, pedestrian and cyclist-friendly, and abundant with greenery. These improvements not only promote wellness and sustainability, but also appeal to individuals and families who desire a closer connection to nature. For those residing in Miltonia Close EC, this translates to convenient access to nature parks, trails, and water activities, all just a short stroll or bike ride from their doorstep.