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The most profitable condo resale deal for the week of November 12 to 19 was recorded at Maple Woods. The three-bedroom unit, measuring 1,539 sq ft and located on the first floor, was sold for $3.3 million ($2,144 psf) on November 15. This transaction has earned the seller a profit of $2.02 million, reflecting a capital gain of 158%. The gross profit has been made in just 15 and a half years, resulting in an annualized gain of 10.6%.The development, a freehold condo known as Maple Woods, is situated on Bukit Timah Road in the prime District 10. Notably built in 1997, it comprises a total of 697 residences ranging from two to four-bedroom units, with sizes from 850 sq ft to 3,003 sq ft. The location is highly convenient, just a five-minute walk from King Albert Park MRT Station on the Downtown Line and in close proximity to well-known schools such as Methodist Girls’ School and the Rail Corridor.During this year, Maple Woods has seen 10 other resale transactions. As evident from available caveats, all of them have been profitable with the sellers gaining a minimum of $425,000. Three of these units were resold for more than $2 million in profit each. The first of these units is a three-bedroom unit measuring 1,787 sq ft and located on the eighth floor. It has fetched $3.75 million ($2,099 psf), enabling the seller to gain a profit of $2.15 million. The unit was initially purchased in July 1997 for $1.6 million ($895 psf).Read also: ANALYSIS – The Impact of Sub-Sales on Profitable TransactionsAdvertisementThe second unit has been sold for $3.82 million ($2,138 psf) on September 10. It is a three-bedroom unit measuring 1,787 sq ft. The seller had purchased this unit in March 2007 for $1.35 million ($756 psf), hence making a gain of $2.47 million. The third unit, also sold on September 10, is a four-bedroom unit measuring 3,003 sq ft and located on the eighth floor. It has been sold for $5 million ($1,665 psf). This unit had been purchased in September 1998 for $2.4 million ($798 psf), resulting in a profit of $2.6 million.The second most profitable condo resale deal during the period has taken place at UE Square. On November 14, a three-bedroom unit measuring 1,528 sq ft and located on the seventh floor has been sold for $2.95 million ($1,930 psf). The seller acquired this unit via a sub-sale in December 1997 for $1.3 million ($850 psf). After owning the unit for almost 27 years, the seller has made a profit of $1.65 million (127%). This transaction has been named the fourth most profitable resale transaction registered at UE Square. The record is held by a four-bedroom penthouse measuring 3,089 sq ft, which was sold for $6.27 million ($2,031 psf) on October 6, 2023. The seller had purchased the unit in December 2009 for $4.1 million ($1,327 psf), resulting in a profit of $2.17 million.UE Square is a part of UE BizHub City, a mixed-use development situated along Clemenceau Avenue in District 9, close to Clarke Quay. The estate comprises of an 18-storey office building with a four-storey shopping podium, and a pair of 18-storey residential blocks housing a total of 345 units. The two residential towers stand separated by a service road. Comprising of one- to five-bedroom units of sizes ranging from 506 sq ft to 2,379 sq ft, the development also offers penthouses measuring 3,089 sq ft each. The convenient location of UE Square brings it within walking distance of the Fort Canning MRT Station on the Downtown Line.Meanwhile, the most unprofitable condo resale transaction during the period has been recorded at Tomlinson Heights. On November 19, a three-bedroom unit measuring 2,745 sq ft and located on the 19th floor was sold for $8.25 million ($3,006 psf). This unit was originally bought from the developer in February 2011 for $8.85 million ($3,225 psf). As a result, the seller has incurred a loss of approximately $601,000 (6.8%) after owning the unit for a period of almost 14 years.Read also: Four-bedder in Grand Duchess at St Patrick’s sold for $2.48 million profitAdvertisementThe sale of this 2,745 sq ft unit at Tomlinson Heights for $8.25 million ($3,006 psf) and the resultant loss of about $603,000 is the first caveated transaction at Tomlinson Heights since January 5, 2023. Another 2,745 sq ft unit had been sold on October 5, 2023, for $10.5 million ($3,825 psf). The seller had initially purchased this unit from the developer in May 2011 for $8.38 million ($3,053 psf), resulting in a profit of $2.12 million.