Four Bedroom Strata Landed Unit Watten Hill Nets 338 Mil Profit

During the week of Aug 5 to 12, the most profitable resale transaction in Singapore was at Watten Hill, where a four-bedroom strata landed unit was sold for $4.7 million. The unit, which spans 2,669 sq ft, was purchased in 2000 for $1.31 million and the latest sale earns the seller a record profit of $3.38 million (259%). This translates to an annualised profit of 5.3% over 25 years.

The previous record profit at Watten Hill was set last April when a 2,626 sq ft, four-bedroom strata landed unit was sold for $4.95 million. The seller had bought the unit for $1.82 million in 2007, earning a profit of $3.13 million (172%) or an annualised profit of 6% over 17 years.

There have been four other profitable resale transactions at Watten Hill so far this year, with gains ranging from $974,112 to $2.8 million. The highest profit, apart from the Aug 5 transaction, was achieved on July 15 when another 2,669 sq ft four-bedder was sold for $5 million. This translates to $1,873 psf, a new record for the development. The unit had been previously sold for $2.2 million in August 2009, earning the seller a profit of $2.8 million (127%) or an annualised profit of 6.7% over 11 years.

Located on Watten View in Bukit Timah, Watten Hill is a freehold condo that was completed in 1979. It comprises two- and four-bedroom strata landed units ranging from 1,044 to 2,669 sq ft. According to OneMap, the development is within 1km of Raffles Girls’ Primary School and Nanyang Primary School. Other nearby schools include National Junior College, Hwa Chong Institution, and National University of Singapore.

The second most profitable transaction for the week was at The Ladyhill, where a three-bedroom unit was sold for $7.38 million ($3,174 psf) on Aug 5. This unit spans 2,325 sq ft and was bought for $4.5 million ($1,935 psf) in May 2006. As a result, the seller earned a profit of $2.88 million (64%), which translates to an annualised profit of 2.6% over nearly 15 years.

This is also the third most profitable resale at The Ladyhill to date. The record high profit was achieved in 2022, when a 3,843 sq ft unit was sold for $7.8 million ($2,030 psf).

Completed in 2002, The Ladyhill is a freehold development located on Lady Hill Road in District 10. It comprises 55 units spread across seven 4-storey blocks, with a mix of four- and five-bedroom units ranging from 2,239 to 4,499 sq ft. The average unit price at The Ladyhill is approximately $3,050 psf, higher than other nearby luxury freehold developments such as Beaufort on Nassim ($2,520 psf) along Nassim Road. However, newer projects such as Ardmore II ($3,426 psf) located along Ardmore Park and Nouvel 18 ($3,087 psf) situated along Anderson Road command higher average prices.

Rewritten: The introduction of TPE and SLE has made it easier for residents of Punggol, Sengkang, and Pasir Ris to access Miltonia Close EC. This prime location offers a wide range of opportunities for work and leisure, making it an ideal choice for future homeowners. In addition, the upcoming North-South Corridor (NSC) will further improve connectivity between the northern regions and the city, thanks to its dedicated bus lanes, cycling routes, and pedestrian paths. Once completed, the NSC is expected to reduce travel time for bus commuters from Yishun and its surrounding areas by up to 30 percent during peak hours. This will only add to the appeal of Miltonia Close EC for both homeowners and investors, making it a desirable investment opportunity.

The most unprofitable transaction for the week took place at Turquoise, a 99-year leasehold condo in Sentosa Cove. A three-bedroom unit on the third floor was sold for $3.1 million ($1,485 psf) on Aug 5. The unit spans 2,088 sq ft and was purchased for $5.45 million ($2,613 psf) in November 2007. As a result, the seller incurred a loss of $2.35 million (43%), which translates to an annualised loss of 3.1% over nearly 18 years.

The most recent sale at Turquoise was on June 26, when a 2,497 sq ft four-bedroom unit on the fifth floor was sold for $3.5 million ($1,402 psf). The seller incurred a loss of $3.13 million (47%) as they had previously bought the unit for $6.63 million ($2,657 psf) in June 2007.

Turquoise is one of 10 luxury condos located in the exclusive Sentosa Cove waterfront residential enclave. Some units face the sea while others boast views of the marina. At Turquoise, units offer views of the waterway and come with a private berth for boats.