While most people can grasp basic concepts like “good location” or “good facilities”, the top gainers are almost always a surprise. Some of them can seem old and worse for wear, yet top the charts. Others can be in a prestigious location like Sentosa, and end up at the bottom of the pile. Here’s a look at some of the top gainers recently, and what they have in common: One of the most profitable property transactions in 2021 was an ageing condo This was a transaction at Yong An Park, an old (built 1986) but freehold condo along River Valley Road. This was for a 6,576 sq. ft. penthouse unit. Now while it’s not surprising that a huge penthouse unit would sell for a high quantum, what’s impressive is the net gain: The unit was bought for $578 psf in May 2000, but sold for $1,901 psf in September 2021....