Last week on 21 June, a 3-bedroom unit was sold at Trevose Park for S$3.22 million. This is the second highest 3-bedder sold in the development after a ground floor unit sold at S$3.265 million last year.
At 1,679 sq ft, it’s currently the highest-selling 3-bedroom unit for a non-ground floor unit. The previous high for a non-ground floor unit was set in 2019 for S$3.195 million. In comparison, the S$3.265 million unit is on the ground floor and comes with a bigger space at 1,948 sq ft.
This transaction also marks the fourth time a 3-bedroom unit was sold above S$3 million in the freehold development.
Owners made S$1.795 million profit
Another notable aspect about the sale was that it reaped the owners S$1.795 million in profit after holding the property for 23 years, revealed Aaron Wan, Senior Group District Director of PropNex Realty.
So what made the sellers sell it after so many years?
According to Aaron, who sold the unit, the sellers are not based in Singapore, and have been renting it for a long time. So they decided to cash out to buy something newer instead.
How about the buyers then? What made them buy it?
“The buyers are currently tenants in Trevose Park and have been eyeing for a good unit to buy for a long time to make it their own home.”
And it looked like the buyers were really eager to make it their home. The deal was closed by the third day of viewings.
Completed in 1991, Trevose Park is an old condo in the Stevens area. More importantly, it’s located close to prime schools such as St Joseph’s Institution, Singapore Chinese Girls’ School and Anglo-Chinese School (Barker Road).
If you’re like the buyers looking for a good condo unit to buy and make it your home, check out our listings here.
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Do you have a similar home record-price sale or purchase to share? Let us know in the comments section below or via our Facebook post.
If you found this article helpful, 99.co recommends 11 condos to watch out for close to the upcoming Thomson-East Coast Line MRT stations and 13 new launch condos within 1km of popular schools.
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Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
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