We recently looked at the
top-performing shoebox units, among those who bought new. But what about those who bought resale units? These 500 sq. ft. or smaller units can be even cheaper as resale; and coupled with their already low quantum, some landlords swear by these as rental assets. The question is, whether they can also make you money in terms of resale gains. Here’s a look at some of the top performers, from those who’ve purchased from the resale market:
Top performing resale shoebox units
Projects |
Tenure |
Completed |
$ (Gains) |
% (Gains) |
Vol (Gains) |
THE INFLORA |
99 yrs from 25/05/2012 |
2016 |
$104,000 |
20.10% |
13 |
VIENTO |
Freehold |
2013 |
$81,400 |
14.30% |
5 |
SIMS URBAN OASIS |
99 yrs from 29/07/2014 |
2017 |
$89,429 |
12.90% |
7 |
THE HILLFORD |
60 yrs from 19/02/2013 |
2016 |
$61,857 |
12.90% |
7 |
PARC ELEGANCE |
Freehold |
2013 |
$72,600 |
12.20% |
5 |
PARC ROSEWOOD |
99 yrs from 07/09/2011 |
2014 |
$61,731 |
11.80% |
19 |
PRESTIGE HEIGHTS |
Freehold |
2011 |
$60,278 |
11.30% |
9 |
BARTLEY RIDGE |
99 yrs from 16/04/2012 |
2016 |
$76,714 |
11.10% |
7 |
AIRSTREAM |
Freehold |
2012 |
$61,503 |
11.10% |
4 |
Notable properties from the list:
- The Inflora
Location: 59 Flora Drive (District 17)
Developer: Tripartite Developers Pte. Ltd.
Lease: 99-years...