Profitable neighbours of unprofitable condominiums
In June, we covered the five condominiums that had the most unprofitable purchases over a 12-month duration.
Parc Rosewood has the most sales deals which can be attributed to it being the largest development with 689 devices. In comparison to the 25 unlucrative transactions of Parc Rosewood, Woodhaven had only 6 unlucrative sales.
Out of the leading three most profitable deals for Woodhaven, 2 were bought in 2011 when the task was released. This suggests the vendors are most likely the initial purchasers who waited for prices to rise to the current high level prior to liquidating their possession. Their perseverance made them a neat revenue in spite of Woodhaven having the lowest average rate amongst the condos in the instant vicinity.
Consisting of Eco, there are 10 condos within a 500m radius. Eco is the biggest development with 748 units as well as Tanah Merah Mansion is the smallest …