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Resale three-bedder at UE Square records $2.13 mil profit
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Resale three-bedder at UE Square records $2.13 mil profit
The sale of a three-bedroom unit at UE Square was the most profitable transaction during the week of May 27 to June 3. The 1,561 sq ft apartment on the 12th floor fetched $3.46 million ($2,217 psf) on May 29. The unit had been bought for $1.33 million ($852 psf) in July 1999. As a result, the seller made a profit of $2.13 million (160.2%), which translates to an annualised gain of 3.8% over nearly 26 years. UE Square is a 929-year leasehold con…
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