Four-bedroom unit at Juniper at Ardmore rakes in $3.25 mil profit

/ EdgeProp Singapore |

January 20, 2022 6:00 AM SGT

The 3,520 sq ft, four-bedroom at Juniper at Ardmore was sold for $10.25 million ($2,912 psf) on Jan 5.

SINGAPORE (EDGEPROP) - The most profitable deal during the week of Jan 4 to 11 was the sale of a 3,520 sq ft, four-bedroom unit at Juniper at Ardmore. This unit on the second floor was sold for $10.25 million ($2,912 psf) on Jan 5, after it had been bought for $7 million ($1,989 psf) in April 2017. Thus, the seller raked in a profit of $3.25 million (46%), which translates to an annual profit of 8.3% over five years.

Prior to this, the last time a similar-sized four-bedroom unit changed hands at Juniper at Ardmore was in October 2016. That was when a unit on the 16th floor was sold for $7.45 million ($2,117 psf). That unit had been purchased for $8.85 million ($2,514 psf) in January 2011 and the seller suffered a loss of $1.4 million (15%), which is an annual loss of 3% over six years.

The 3,520 sq ft, four-bedroom at Juniper at Ardmore was sold for $10.25 million ($2,912 psf) on Jan 5. (Picture: Samuel Isaac Chua/The Edge Singapore)

Developed by MCL Land and completed in 1991, the 20-unit, freehold Juniper at Ardmore has predominantly large four-bedroom apartments with typical sizes ranging from 3,197 to 4,069 sq ft. It has two 5-bedroom penthouses of 6,006 sq ft and 6,684 sq ft.

The 6,006 sq ft penthouse changed hands for $15 million ($2,497 psf) in January last year. It was last sold for $5.6 million ($932 psf) in August 2005.

The second most profitable deal during the week involved a 1,550 sq ft, four-bedroom unit at Summerhill. The unit fetched $2.3 million ($1,484 psf) when it was sold on Jan 5, after the property had been purchased for $815,300 ($526 psf) in December 2002. The seller earned a profit of $1.48 million (5.6%). This translates to an annual profit of 5.6% over 19 years.

This also makes it the most profitable resale transaction at the freehold development. It surpassed the previous record set by the sale of a 3,261 sq ft penthouse unit that fetched $2.47 million ($757 psf) when it was sold in June 2011. This unit had been bought for $1.13 million ($349 psf) in May 2003. As a result, the seller raked in a profit of $1.33 million (117%), which translates to an annual profit of 10% over eight years.

Summerhill is a 406-unit development along Hume Avenue in District 21. The freehold condo was completed in 2003 by City Developments. There are a mix of two- to four-bedroom units of 947 to 1,948 sq ft, as well as a dozen 3,261 sq ft penthouses on the 10th floor. (Discover insightful data of any Singapore condominium with our condo directory)

On the other hand, the most unprofitable resale transaction for the week was the sale of a 1,270 sq ft, three-bedroom unit at Mint Residences @ Jansen. The unit was sold for $1.18 million ($927 psf) on Jan 10, after it had been purchased from the developer for $1.38 million ($1,086 psf) in October 2013. As a result, the seller suffered a loss of about $202,000 (15%), which translates to an annual loss of 1.9% over eight years.

Mint Residences is a 999-year leasehold boutique development with 18 apartment units. The project is along Jansen Road in District 19. The unit mix consists of two- to five-bedroom units of 721 to 1,507 sq ft.

The most unprofitable resale transaction at Mint Residences @ Jansen was the sale of a 1,507 sq ft, four-bedroom unit for $1.32 million ($876 psf) in August 2015. That unit had previously fetched $1.59 million ($1,055 psf) in March 2011. This resulted in a loss of nearly $270,000 (16%), or an annual loss of 4% over four years.

There were two resale transactions at the condo last year and both were unprofitable.

Mint Residences @ Jansen - EDGEPROP SINGAPORE

A 1,270 sq ft, three-bedroom unit at Mint Residences @ Jansen was sold for $1.18 million ($927 psf) on Jan 10, incurring a loss of about $202,000. (Picture: Samuel Isaac Chua/The Edge Singapore)

First, a 1,270 sq ft, three-bedder was sold for $1.18 million ($929 psf) on Aug 5 after it had been bought for $1.38 million ($1,086 psf) in July 2015. The seller suffered a loss of about $199,000 (5%), which translates to an annual loss of 0.9% over six years. Next, a 721 sq ft, two-bedroom unit was sold at $819,777 ($1137 psf) on Jan 26 after it had been bought for $829,871 ($1,151 psf) in November 2011. Thus, the seller saw a loss of about $10,000 (1%), or an annual loss of 0.1% over nine years.

Check out the latest listings near Juniper at Ardmore, Summerhill, Mint Residences @ Jansen

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