A lucrative transaction can be seen at Parc Stevens, a condo on Stevens Drive in District 10. A first-floor unit was sold at a whopping $7.86 million ($2,265 psf) on April 10, after originally being purchased in April 2007 for $5.2 million ($1,500 psf). This reaped a profit of $2.65 million (51%) after a 16-year holding period. It marked the highest psf-price ever recorded at the development and the first unit to change hands this year.
The second most profitable transaction of the week occurred at Yong An Park, a freehold condo in the River Valley area. The 4-bedroom unit of 3,434 sq ft on the 10th floor was sold for $8.1 million ($2,359 psf) on April 6, after having been bought for $6.02 million ($1,753 psf) 11 years prior. This brought a gain of $2.08 million (35%).
However, the most unprofitable deal was seen at Marina Bay Suites, a …