The article is about the most profitable and unprofitable resale transactions of condominiums in Singapore from Jan 14 to 28. A three-bedroom unit at Palm Spring was sold for $4.4 million, making it the most profitable resale transaction at the development. Meanwhile, a four-bedroom unit at Orchard Bel Air also fetched a high profit of $3 million when it was sold. On the other hand, the seller of a unit at Marina Bay Suites suffered a loss of $1.15 million, making it the most unprofitable transaction during the period. Data also shows that prices have consistently increased at Palm Spring in the past 20 years, while Marina Bay Suites has seen a decline in selling prices in recent transactions.
Investors should prioritize the maintenance and management of a condo when making their investment decision. This is because condos typically come with maintenance fees that cover the upkeep of common areas and facilities. Though these fees may increase the overall cost of ownership, they guarantee that the property remains well-maintained and maintains its value. It is also beneficial to engage a property management company to handle the daily operations of the condo, making it a more passive investment. For guidance on top Singapore projects, visit Mentorship Online.