There’s an old saying that your holding power determines your gains, when it comes to real estate. And while that’s true in the conventional sense, there are some exceptions – within the prime central region, high-end condos were once flipped for remarkable profits, in a very short span of time.
For those old enough, those were the days when properties could be bought and sold within a day (here’s our
previous piece on some crazy quick ones). Here are some of the top transactions where it happened, and a snapshot of how crazy things got:
Top 10 property gains within six months
| Project |
Bought At |
Sold At |
Size (Sq Ft) |
$PSF |
Bought Date |
Days Held |
Tenure |
Gain |
ROI |
| THE OCEANFRONT @ SENTOSA COVE |
$7,284,510 |
$10,800,000 |
5985 |
$1,217 |
7/8/06 |
184 |
99 yrs from 10/08/2005 |
$3,515,490 |
48% |
| THE EDGE ON CAIRNHILL |
$6,408,000 |
$9,500,000 |
5673 |
$1,130 |
8/1/07 |
150 |
Freehold |
$3,092,000 |
48% |
| THE TOMLINSON |
$8,500,000 |
$11,500,000 |
4833 |
$1,759 |
30/1/07 |
136 |
Freehold |
$3,000,000 |
35% |
| BEAVERTON COURT |
$5,280,000 |
$7,800,000 |
9784 |
$540 |
21/2/07 |
97 |
Freehold |
$2,520,000 |
|
...
