{"id":89010,"date":"2025-08-26T18:46:11","date_gmt":"2025-08-26T10:46:11","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=89010"},"modified":"2025-10-31T12:58:12","modified_gmt":"2025-10-31T04:58:12","slug":"new-futura-condo-loss-2025-river-valley","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/","title":{"rendered":"Luxury River Valley condo involved in money laundering resold at a S$2.15M loss"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>A recent resale at <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/new-futura\" target=\"_blank\" rel=\"noreferrer noopener\">New Futura<\/a> condo has caught market watchers\u2019 attention, not for record gains but for a rare multi-million-dollar loss. Despite being a sought-after freehold project in <a href=\"https:\/\/www.99.co\/singapore\/sale\/condos-apartments\/river-valley\" target=\"_blank\" rel=\"noreferrer noopener\">River Valley<\/a>, one unit changed hands significantly below the market average.<\/p>\n\n\n\n<p>What really happened, and what does it tell us about the ultra-luxury segment?<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2>Table of contents<\/h2><ul><li><a href=\"#h-new-futura-luxury-unit-lost-s-2-15-million-in-just-7-years\" data-level=\"2\">New Futura luxury unit lost S$2.15 million in just 7 years<\/a><\/li><li><a href=\"#h-how-did-such-a-large-loss-occur-in-a-ccr-freehold-condo\" data-level=\"2\">How did such a large loss occur in a CCR freehold condo?<\/a><ul><li><a href=\"#h-linked-to-a-money-laundering-case-in-2024\" data-level=\"3\">Linked to a money laundering case in 2024<\/a><\/li><li><a href=\"#h-sold-below-the-2018-average-price\" data-level=\"3\">Sold below the 2018 average price<\/a><\/li><\/ul><\/li><li><a href=\"#h-about-the-project-ultra-luxury-condo-designed-by-world-famous-architects\" data-level=\"2\">About the project: Ultra-luxury condo designed by world-famous architects<\/a><ul><li><a href=\"#h-location-review-leonie-hill-road\" data-level=\"3\">Location review: Leonie Hill Road<\/a><\/li><\/ul><\/li><li><a href=\"#h-wrapping-up\" data-level=\"2\">Wrapping up<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-new-futura-luxury-unit-lost-s-2-15-million-in-just-7-years\">New Futura luxury unit lost S$2.15 million in just 7 years<\/h2>\n\n\n\n<p>A 4-bedroom freehold unit at New Futura recently changed hands with the official transaction dated 31 July 2025. The 2,691-sqft unit, located on the 24th floor, fetched a price of S$8 million or S$2,973 psf. The 4-bedder comes with four en suite bedrooms, a helper\u2019s room, and private lift access. It also features a double-volume ceiling and views over Orchard Road and the city skyline.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/b45fbd-NF-edgeprop-internal-1-edited.jpg\" alt=\"\" class=\"wp-image-89087\"\/><figcaption class=\"wp-element-caption\">Luxury unit at New Futura sold for S$8 million or S$2,973 psf in July 2025<\/figcaption><\/figure>\n\n\n\n<p>This transaction translates into a capital loss of S$2.15 million in just seven years. However, the S$2,973 psf achieved is still around 18% above <a href=\"https:\/\/www.99.co\/singapore\/sale\/condos-apartments\/d9\" target=\"_blank\" rel=\"noreferrer noopener\">District 9<\/a>\u2019s current average for freehold condos, which stands at S$2,512 psf. That\u2019s not surprising given New Futura\u2019s reputation. Developed by City Developments Ltd. (CDL), the project is regarded as one of the top luxury freehold developments in Singapore.<\/p>\n\n\n\n<p>The project has also recorded a fair share of profitable sales since 2020, when units started entering the resale market. Interestingly, the highest profit recorded at New Futura involved a similar 4-bedroom unit located on the 15th floor. In December 2022, the seller of this New Futura unit gained S$2.96 million in profit, after holding the property for just four and a half years.<\/p>\n\n\n\n<p>There are five resale transactions recorded over the past years, with profits starting from around S$170K to the highest of S$2.96 million. That said, the recent unprofitable condo sale at New Futura is indeed <em>new<\/em>. It is very unlikely that a prime freehold project in the <a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-core-central-region-ccr\/\" target=\"_blank\" rel=\"noreferrer noopener\">Core Central Region<\/a> (CCR) to lose such high value in a relatively short period.<\/p>\n\n\n\n<iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=the-arden-sale-units\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-did-such-a-large-loss-occur-in-a-ccr-freehold-condo\">How did such a large loss occur in a CCR freehold condo?<\/h2>\n\n\n\n<p>The recent S$8 million New Futura unit was originally bought in May 2018 with a price tag of S$10.15 million or S$3,772 psf. Meanwhile, the project&#8217;s average was only S$3,415 psf at that time, meaning the buyer paid around a 10% premium.<\/p>\n\n\n\n<p>When compared to its specific unit type, the price gap was even more significant. A total of 21 sales of this 2,691 sqft, 4-bedroom type were recorded in 2018, averaging at S$3,311 psf. That means this particular unit on the 24th floor was bought at nearly 14% above the project&#8217;s average for the unit type.<\/p>\n\n\n\n<p>Why was the unit bought at such a high price?<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-linked-to-a-money-laundering-case-in-2024\">Linked to a money laundering case in 2024<\/h3>\n\n\n\n<p><em>Yes<\/em>, you might have guessed it right. It turns out this particular apartment was tied to Singapore\u2019s S$3 billion money laundering case.<\/p>\n\n\n\n<p>According to property records, the unit was purchased in 2018 by Chen Qingyuan, one of 10 foreign nationals arrested in August 2024. In May 2024, Chen, a Cambodian national, pleaded guilty to three out of 10 charges and was sentenced to 15 months in jail. Authorities seized S$23.5 million worth of his assets, including the New Futura unit.<\/p>\n\n\n\n<p>The condo was first put up for sale via private treaty in October 2024 with a guide price of S$11.38 million, or S$4,229 psf. This asking price was well above the eventual resale figure in July 2025.<\/p>\n\n\n\n<p style=\"border: 2px solid black; padding: 10px;\"><em><strong>Another property linked to the S$3 billion money laundering case was recently sold in June 2025. Read about it\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/most-unprofitable-condo-june-2025\/#h-gramercy-park-unit-lost-over-s-1-5-million-in-3-years\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/strong><\/em><\/p>\n\n\n\n<p>In other words, this S$2.15 million &#8220;capital loss&#8221; is clearly an isolated case, and does not reflect the overall project&#8217;s performance from the investment point of view. The average psf at New Futura has actually increased by nearly 26% between 2018 and the last transaction in 2023.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"780\" height=\"650\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/graph-71.png\" alt=\"\" class=\"wp-image-89079\"\/><figcaption class=\"wp-element-caption\">New Futura price growth since 2018 <\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-sold-below-the-2018-average-price\">Sold below the 2018 average price<\/h3>\n\n\n\n<p>There were no transactions at New Futura in 2024, but the S$11.38 million guide price for the seized unit likely took reference from past sales. For example, a similar 2,691 sqft unit on the same floor changed hands for S$12.5 million (S$4,645 psf) in May 2023. In December 2022, another unit with the same layout sold for S$12 million, marking the highest profit within the project. Even in 2021, similar units were transacted at S$10.4 million and S$11 million.<\/p>\n\n\n\n<p>Against these benchmarks, the S$11.38 million asking price in 2024 was actually attractive enough. However, the 4-bedroom unit was only sold at S$8 million in the recent transaction. At S$2,973 psf, the July 2025 resale sits over 10% below the 2018 unit average of S$3,311 psf. Even with the unit&#8217;s controversial history, it is a rare case of a price falling under its own launch-year average in such a highly regarded freehold project.<\/p>\n\n\n\n<p style=\"border: 2px solid black; padding: 10px;\"><em><strong>Don\u2019t guess your selling price \u2013\u00a0know it. Use\u00a0<a href=\"https:\/\/www.99.co\/singapore\/property-value-tool\" target=\"_blank\" rel=\"noreferrer noopener\">99.co\u2019s Property Value Tool<\/a>\u00a0for a fast, reliable estimate in under a minute, with up to 98% accuracy.<\/strong><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-about-the-project-ultra-luxury-condo-designed-by-world-famous-architects\">About the project: Ultra-luxury condo designed by world-famous architects<\/h2>\n\n\n\n<p>Completed in 2017, New Futura is a freehold luxury condo in prime District 9. Developed by CDL, the project consists of 124 units spread across twin 36-storey towers. Unit sizes range from 2-bedroom layouts at 1,098 sqft to large 4-bedroom homes at 2,691 sqft. At the top are two penthouses of 7,836 sqft each, designed as duplexes with five bedrooms and 360-degree panoramic views of the city.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1620\" height=\"1080\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited.webp\" alt=\"\" class=\"wp-image-89090\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited.webp 1620w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited-1536x1024.webp 1536w\" sizes=\"(max-width: 1620px) 100vw, 1620px\" \/><figcaption class=\"wp-element-caption\">New Futura by CDL was first launched for sale in January 2018<\/figcaption><\/figure>\n\n\n\n<p>The development was designed by Skidmore, Owings &amp; Merrill, the renowned New York-based architectural firm behind iconic skyscrapers such as the Burj Khalifa and One World Trade Centre.<\/p>\n\n\n\n<p>The first phase of the upmarket development, comprising its 64-unit South Tower, was soft-launched and nearly sold out in January 2018. The launch sales achieved an average selling price of over S$3,350 psf. The average figure was boosted by the penthouse sale, which fetched S$36.28 million or S$4,630 psf.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1047\" height=\"698\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_1-edited.jpg\" alt=\"\" class=\"wp-image-89082\"\/><figcaption class=\"wp-element-caption\">&#8220;Bungalow in the Sky&#8221; grand penthouse at New Futura<\/figcaption><\/figure>\n\n\n\n<p>New Futura offers more than 50 lifestyle facilities, including an Infinity Lap Pool, Aqua Beds, Cabanas, Wellness Studio, Social Lounge, Pets\u2019 Lawn, and Epicure Dining. Its dual-level clubhouse provides private dining and barbecue options, while six themed sky terraces offer sweeping views and leisure spaces.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-location-review-leonie-hill-road\">Location review: Leonie Hill Road<\/h3>\n\n\n\n<iframe src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d20248.038854463855!2d103.83691296342866!3d1.2846918562495386!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x31da196c8c67759f%3A0xd4145369b04966b5!2sNew%20Futura!5e0!3m2!1sen!2ssg!4v1756197590056!5m2!1sen!2ssg\" width=\"600\" height=\"450\" style=\"border:0;\" allowfullscreen=\"\" loading=\"lazy\" referrerpolicy=\"no-referrer-when-downgrade\"><\/iframe>\n\n\n\n<p><\/p>\n\n\n\n<p>The development is located on Leonie Hill Road, a quiet enclave just minutes from Orchard Road. Residents are about a 10-minute walk to <a href=\"https:\/\/www.99.co\/singapore\/sale\/condos-apartments\/great-world-mrt\" target=\"_blank\" rel=\"noreferrer noopener\">Great World MRT<\/a> station on the Thomson-East Coast Line, which connects directly to Great World City mall. Orchard Road shopping landmarks like Ngee Ann City, ION Orchard, and 313@Somerset are also within walking distance.<\/p>\n\n\n\n<p>For families with young children, the condo is within a 1km radius of River Valley Primary School. There are four more primary schools within 2km, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Alexandra Primary School<\/li>\n\n\n\n<li>Anglo-Chinese School (Junior)<\/li>\n\n\n\n<li>St. Margaret&#8217;s School (Primary)<\/li>\n\n\n\n<li>Zhangde Primary School<\/li>\n<\/ul>\n\n\n\n<p>Beyond shopping and schools, the area also offers plenty of lifestyle options. Fort Canning Park is nearby for outdoor activities, while the Singapore River and Robertson Quay provide a mix of waterfront dining and nightlife. Residents can also enjoy the ease of being close to both Orchard and the CBD, making Leonie Hill Road a rare blend of convenience and exclusivity.<\/p>\n\n\n\n    <section id=\"portal-widget-tab-panel-6a0591253880e\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-6a0591253880e\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">See available units at New Futura<\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/condos-apartments\/new-futura?main_category=condo&name=New%20Futura&page_num=1&page_size=36&property_segments=residential&query_coords=1.29830050868932%2C103.83421175271701&query_ids=dedKeaJppf7CYUekdzCGfcnM&query_name=New%20Futura&query_text=New%20Futura&query_type=cluster&show_cluster_preview=true&show_description=true&show_internal_linking=true&show_meta_description=true&show_nearby=true&sort_field=relevance&sort_order=desc&zoom=15&utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/quzMDBmSZoCQhcxGQFFJvP?text=Tay+Cai+Chang%2C+Louis&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=799ead5bb26e669f4d6b0da1e72dc44c8ec74ef5\" alt=\"New Futura Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">New Futura<\/div>\n                            <div class=\"card-text card-subtitle\">18 Leonie Hill Rd \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,830 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 7,500,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/new-futura-condo-XtFNzYMcWMKDTTnrWy8YdG?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/YrggrhSACCykHQyrZjrdWF?text=Jeslynn+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=96538d39cfaf740b07c1a8477c17d9bf570ca702\" alt=\"New Futura Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">New Futura<\/div>\n                            <div class=\"card-text card-subtitle\">18 Leonie Hill Rd \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,367 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 4,678,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/new-futura-condo-ix8XqoMyjx3J6msFvJubP4?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/tHEks7cPVTZXyVWuSKoyVA?text=GINA+TNG&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=1a4d7969b3fc949a17b7056be27b80dabb09e59f\" alt=\"New Futura Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">New Futura<\/div>\n                            <div class=\"card-text card-subtitle\">14 Leonie Hill Rd \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,830 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 7,000,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/new-futura-condo-8PpM3ksghGTGUqYsZWZE4p?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/DhKyAjmBZpjtHQ2FvMPUhd?text=Sen+Yap&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=e80eaa087c35c3dbbd31ea1a64f516288f88321d\" alt=\"New Futura Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">New Futura<\/div>\n                            <div class=\"card-text card-subtitle\">14 Leonie Hill Rd \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>5<\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,250 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 11,000,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/new-futura-condo-9ckVBSWu7tE4zY5UwoDztB?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/TZDwodn5Yn6wEJHAHXRtxA?text=Jeremy+Liew&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=d9a18db680289739d4d2a9ea6fe21fa18098b50e\" alt=\"New Futura Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">New Futura<\/div>\n                            <div class=\"card-text card-subtitle\">14 Leonie Hill Rd \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,830 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 7,770,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/new-futura-condo-4a4iSp8B9VUnmrurtZHenT?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/9mUMyDegfaV9KFphEbKaLY?text=Debbie&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=827716b35bdf0a9b9a1d9cdaa9f4998a5117ebd7\" alt=\"New Futura Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">New Futura<\/div>\n                            <div class=\"card-text card-subtitle\">18 Leonie Hill Rd \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,367 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 5,000,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/new-futura-condo-oPoxmzufY4uuNdioNvMZ3p?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/Ekas63Tgbt8ee8QuG6SfAn?text=Joshua+Ng+Xuan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=311510ab5cef72f7e91e0cc927f0960a8a94f8cf\" alt=\"New Futura Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">New Futura<\/div>\n                            <div class=\"card-text card-subtitle\">18 Leonie Hill Rd \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,830 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 7,500,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/new-futura-condo-JMjtmrQCf7jfxnVv2rbmQH?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/M5kocXQZJCyubmuRG8L5ee?text=CHARLIE+LI&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=daff3d67ecb734e54a9262bd59f5043ef76cdfdb\" alt=\"New Futura Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">New Futura<\/div>\n                            <div class=\"card-text card-subtitle\">14 Leonie Hill Rd \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,367 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 5,000,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/new-futura-condo-mTBKbpr4nxb4CJFV6PoEFX?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/9n2MUhxUXXabtfCXdUPzk3?text=CHARLIE+LI&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=6f72b18cb6de61e4fee7442369053c806ad0b262\" alt=\"New Futura Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">New Futura<\/div>\n                            <div class=\"card-text card-subtitle\">16 Leonie Hill Rd \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,830 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 8,800,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/new-futura-condo-ZtejakGFwiN64StMFRFbrv?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/cPjZGUdPmPB8Auwydr5khB?text=Chris+Long&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=d34963693718264b60ba7d1bad8cd2f4db871a20\" alt=\"New Futura Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">New Futura<\/div>\n                            <div class=\"card-text card-subtitle\">16 Leonie Hill Rd \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>6<\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,691 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 12,000,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/new-futura-condo-Wxxe7FX2oaftyGMrfepugF?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/hDNpQWjMpXkrKPwEWjgzt2?text=Chris+Long&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=459990ae2d2861d8c2af6e9ece07ea9367639d01\" alt=\"New Futura Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">New Futura<\/div>\n                            <div class=\"card-text card-subtitle\">14 Leonie Hill Rd \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>5<\/span>\n                                <\/div>\n                                <div >\n                                    <span>2,250 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 9,600,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/new-futura-condo-fLjWMV8jHNfknxg3oNB6Hj?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/aoNUNuokz2Y4CXDnswgQKS?text=Grace+Lee&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=b3e38ccd411b321c7bcc0faf9cdc890aa6ad6ac1\" alt=\"New Futura Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">New Futura<\/div>\n                            <div class=\"card-text card-subtitle\">16 Leonie Hill Rd \u00b7 D9<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,830 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 7,500,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/new-futura-condo-PGKfE3XLy5vUv6qK7rpTKQ?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-wrapping-up\">Wrapping up<\/h2>\n\n\n\n<p>The S$2.15 million loss at New Futura shouldn\u2019t be mistaken as a sign of weakness in the CCR luxury market. In fact, July 2025 also recorded a <a href=\"https:\/\/www.99.co\/singapore\/insider\/most-profitable-condo-july-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">4-bedroom condo in Orchard that was sold for a S$3.08M profit<\/a> after just 6 years. The outlier transaction at New Futura was shaped by unusual circumstances, including its link to the money laundering case and an above-average entry price in 2018. Stripping out this isolated fire sale, New Futura has delivered strong capital gains reflected in its limited resale transactions.<\/p>\n\n\n\n<p><strong><em>Enjoying this in-depth analysis? 99.co&nbsp;<a href=\"https:\/\/www.99.co\/singapore\/insider\/tag\/condo-cash-or-crash\/\" target=\"_blank\" rel=\"noreferrer noopener\">Condo Cash or Crash<\/a>&nbsp;covers monthly notable transactions in Singapore\u2019s private property market.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent resale at New Futura condo has caught market watchers\u2019 attention, not for record gains but for a rare multi-million-dollar loss. Despite being a sought-after freehold project in River Valley, one unit changed hands significantly below the market average. What really happened, and what does it tell us about the ultra-luxury segment? New Futura&hellip;<\/p>\n","protected":false},"author":142,"featured_media":89090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"59689,88217,68966,85805,75943,87695","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53601,57131,53984],"tags":[55657,53604,59372,59260,55464,54990,53934,59371],"persona":[57125,57127,57126,57128],"class_list":{"2":"type-post","22":"entry","23":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Futura condo in River Valley sold at S$2.15M loss - 99.co<\/title>\n<meta name=\"description\" content=\"A 4-bedroom freehold unit at New Futura recently changed hands for S$8 million, marking a significant capital loss. Read more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luxury River Valley condo involved in money laundering resold at a S$2.15M loss\" \/>\n<meta property=\"og:description\" content=\"A 4-bedroom freehold unit at New Futura recently changed hands for S$8 million, marking a significant capital loss. Read more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/99dotco\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-26T10:46:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-31T04:58:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1620\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Ananda Bayu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@99dotco\" \/>\n<meta name=\"twitter:site\" content=\"@99dotco\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ananda Bayu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/\"},\"author\":{\"name\":\"Ananda Bayu\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/ce652b7fa706c66bf453b7b35a284693\"},\"headline\":\"Luxury River Valley condo involved in money laundering resold at a S$2.15M loss\",\"datePublished\":\"2025-08-26T10:46:11+00:00\",\"dateModified\":\"2025-10-31T04:58:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/\"},\"wordCount\":1434,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited.webp\",\"keywords\":[\"CCR condo\",\"condo\",\"condo capital loss\",\"Condo Cash or Crash\",\"Freehold Condo\",\"new futura\",\"resale condo\",\"unprofitable condo\"],\"articleSection\":[\"Condo\",\"Property News\",\"Resale Condo\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#respond\"]}],\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"},\"accessibilityFeature\":[\"tableOfContents\"]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/\",\"name\":\"New Futura condo in River Valley sold at S$2.15M loss - 99.co\",\"isPartOf\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited.webp\",\"datePublished\":\"2025-08-26T10:46:11+00:00\",\"dateModified\":\"2025-10-31T04:58:12+00:00\",\"description\":\"A 4-bedroom freehold unit at New Futura recently changed hands for S$8 million, marking a significant capital loss. Read more.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#primaryimage\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited.webp\",\"contentUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited.webp\",\"width\":1620,\"height\":1080,\"caption\":\"River Valley freehold luxury condo unit sold at a S$2.15M loss\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.99.co\/singapore\/insider\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Property News\",\"item\":\"https:\/\/www.99.co\/singapore\/insider\/property-news\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Luxury River Valley condo involved in money laundering resold at a S$2.15M loss\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#website\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/\",\"name\":\"\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.99.co\/singapore\/insider\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#organization\",\"name\":\"99.co\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp\",\"contentUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp\",\"width\":192,\"height\":72,\"caption\":\"99.co\"},\"image\":{\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/99dotco\/\",\"https:\/\/x.com\/99dotco\",\"http:\/\/instagram.com\/99.co\",\"https:\/\/www.linkedin.com\/company\/3625176\",\"http:\/\/pinterest.com\/99dotco\/\",\"https:\/\/www.youtube.com\/channel\/UCTFNrxXF9L1XZUlZNq07VKA\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/ce652b7fa706c66bf453b7b35a284693\",\"name\":\"Ananda Bayu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/IMG_7556-96x96.jpg\",\"contentUrl\":\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/IMG_7556-96x96.jpg\",\"caption\":\"Ananda Bayu\"},\"description\":\"Ananda has been wrangling Singapore's complex real estate trends into readable bites since 2020. She writes like she's explaining it to a friend over kopi \u2014 because who has time for jargon? When off the clock, she\u2019s probably doom-scrolling through cat memes on X, convincing herself it's the highest tier of \\\"creative inspiration\\\".\",\"url\":\"https:\/\/www.99.co\/singapore\/insider\/author\/ananda-bayu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New Futura condo in River Valley sold at S$2.15M loss - 99.co","description":"A 4-bedroom freehold unit at New Futura recently changed hands for S$8 million, marking a significant capital loss. Read more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/","og_locale":"en_US","og_type":"article","og_title":"Luxury River Valley condo involved in money laundering resold at a S$2.15M loss","og_description":"A 4-bedroom freehold unit at New Futura recently changed hands for S$8 million, marking a significant capital loss. Read more.","og_url":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/","article_publisher":"https:\/\/www.facebook.com\/99dotco\/","article_published_time":"2025-08-26T10:46:11+00:00","article_modified_time":"2025-10-31T04:58:12+00:00","og_image":[{"width":1620,"height":1080,"url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited.webp","type":"image\/webp"}],"author":"Ananda Bayu","twitter_card":"summary_large_image","twitter_creator":"@99dotco","twitter_site":"@99dotco","twitter_misc":{"Written by":"Ananda Bayu","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#article","isPartOf":{"@id":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/"},"author":{"name":"Ananda Bayu","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/ce652b7fa706c66bf453b7b35a284693"},"headline":"Luxury River Valley condo involved in money laundering resold at a S$2.15M loss","datePublished":"2025-08-26T10:46:11+00:00","dateModified":"2025-10-31T04:58:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/"},"wordCount":1434,"commentCount":0,"publisher":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#organization"},"image":{"@id":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#primaryimage"},"thumbnailUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited.webp","keywords":["CCR condo","condo","condo capital loss","Condo Cash or Crash","Freehold Condo","new futura","resale condo","unprofitable condo"],"articleSection":["Condo","Property News","Resale Condo"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#respond"]}],"copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#organization"},"accessibilityFeature":["tableOfContents"]},{"@type":"WebPage","@id":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/","url":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/","name":"New Futura condo in River Valley sold at S$2.15M loss - 99.co","isPartOf":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#primaryimage"},"image":{"@id":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#primaryimage"},"thumbnailUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited.webp","datePublished":"2025-08-26T10:46:11+00:00","dateModified":"2025-10-31T04:58:12+00:00","description":"A 4-bedroom freehold unit at New Futura recently changed hands for S$8 million, marking a significant capital loss. Read more.","breadcrumb":{"@id":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#primaryimage","url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited.webp","contentUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/08\/2018_north_tower_luxury_freehold_futura_desktop_main-edited.webp","width":1620,"height":1080,"caption":"River Valley freehold luxury condo unit sold at a S$2.15M loss"},{"@type":"BreadcrumbList","@id":"https:\/\/www.99.co\/singapore\/insider\/new-futura-condo-loss-2025-river-valley\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.99.co\/singapore\/insider\/"},{"@type":"ListItem","position":2,"name":"Property News","item":"https:\/\/www.99.co\/singapore\/insider\/property-news\/"},{"@type":"ListItem","position":3,"name":"Luxury River Valley condo involved in money laundering resold at a S$2.15M loss"}]},{"@type":"WebSite","@id":"https:\/\/www.99.co\/singapore\/insider\/#website","url":"https:\/\/www.99.co\/singapore\/insider\/","name":"","description":"","publisher":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.99.co\/singapore\/insider\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.99.co\/singapore\/insider\/#organization","name":"99.co","url":"https:\/\/www.99.co\/singapore\/insider\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/","url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp","contentUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2022\/08\/nnco_logo.webp","width":192,"height":72,"caption":"99.co"},"image":{"@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/99dotco\/","https:\/\/x.com\/99dotco","http:\/\/instagram.com\/99.co","https:\/\/www.linkedin.com\/company\/3625176","http:\/\/pinterest.com\/99dotco\/","https:\/\/www.youtube.com\/channel\/UCTFNrxXF9L1XZUlZNq07VKA"]},{"@type":"Person","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/ce652b7fa706c66bf453b7b35a284693","name":"Ananda Bayu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.99.co\/singapore\/insider\/#\/schema\/person\/image\/","url":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/IMG_7556-96x96.jpg","contentUrl":"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2024\/08\/IMG_7556-96x96.jpg","caption":"Ananda Bayu"},"description":"Ananda has been wrangling Singapore's complex real estate trends into readable bites since 2020. She writes like she's explaining it to a friend over kopi \u2014 because who has time for jargon? When off the clock, she\u2019s probably doom-scrolling through cat memes on X, convincing herself it's the highest tier of \"creative inspiration\".","url":"https:\/\/www.99.co\/singapore\/insider\/author\/ananda-bayu\/"}]}},"modified_by":"Sophiyanah David","_links":{"self":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts\/89010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/users\/142"}],"replies":[{"embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/comments?post=89010"}],"version-history":[{"count":3,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts\/89010\/revisions"}],"predecessor-version":[{"id":89121,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/posts\/89010\/revisions\/89121"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/media\/89090"}],"wp:attachment":[{"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/media?parent=89010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/categories?post=89010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/tags?post=89010"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.99.co\/singapore\/insider\/wp-json\/wp\/v2\/persona?post=89010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}