Made $2.7 million when a 3 bedroom home at Botanic Gardens View was sold

The most lucrative condo sale near The Florence Residences for the week of November 7-14 was the sale of a three-bedroom unit at Botanic Gardens View. On November 8th, a 1,410 sq ft first-floor condo sold for $3.55 million ($2,518 psf) whose floor plans are similar to The Florence Residences Floor Plan and Showflat. The owner paid $880,000 ($624 psf) for it back in August 2003. This indicates that the seller earned a gross profit of $2.67 million or 303% upon selling the apartment, which they had held for little over 20 years.

If the caveats filed are any indication, this sale is the third most lucrative in the history of Botanic Gardens View. In August of this year, a three-bedroom unit that was 1,615 square feet in size sold for $4.07 million ($2,521 per square foot). The seller, who had bought the property in September 2001 for $930,000 ($576 psf), netted a profit of $3.14 million.

The Botanic Gardens View condos are a freehold development in the very desirable Tanglin neighborhood of District 10 (just off Cluny Road). Its 144 apartments were finished in 1970. The apartment is conveniently close to many prestigious institutions for female students, including Raffles Girls’ Secondary and Crescent Girls’. The Orchard Road retail district is also nearby.

The Anchorage had the week’s second-most lucrative deal. A three-bedroom, 1,798-square-foot property sold for $3.58 million ($1,992 psf) on November 9. The seller bought it for $1.08 million ($601 psf) in May 2006. They gained $2.5 million, or 231%, over 17½ years.

This is Anchorage’s most lucrative sales. It exceeded the previous record profit of $1.77 million from the February 2020 sale of a 2,077-square-foot, four-bedroom condominium for $3.17 million ($1,526 psf). The seller acquired it in October 1995 for $1.4 million ($674 psf).

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