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after over 27 years of ownershipTenure of Ardmore ParkCondo projects with most unprofitable transactions in District 10Total number of units in Ardmore ParkThe District 10 luxury condo, Ardmore Park, recorded the highest profits in resale transactions this year. Located in the prime Ardmore-Draycott enclave, the freehold development saw a number of units change hands with significant gains. In fact, Ardmore Park accounted for the first, second, and fourth most profitable condo resale deals in the whole of Singapore between January 1 and December 10 this year.According to data from the Urban Redevelopment Authority (URA), the biggest profit came from the sale of a four-bedroom unit on the 26th floor, measuring 2,885 square feet. The unit was sold for $12.9 million on February 16, which is equivalent to $4,472 per square foot. This unit was originally purchased from the developer in July 1996 for $5.83 million, or $2,022 per square foot. Thus, the seller earned a whopping profit of $7.07 million, which translates to an impressive 121% gain after owning the unit for about 27 and a half years.The second-highest profit was recorded five months later on July 24, when another four-bedroom unit at Ardmore Park was sold for $12 million, at a rate of $4,160 per square foot. This unit was initially bought in December 2000 through a sub-sale transaction for $5.2 million, or $1,803 per square foot. With a gain of $6.8 million, the seller enjoyed a remarkable capital gain of 131% after owning the unit for about 23 and a half years.The fourth most profitable deal at Ardmore Park this year took place on April 22, when a four-bedroom unit measuring 2,885 square feet was sold for $12.5 million, at a rate of $4,333 per square foot. The same unit was purchased back in February 2007 for $6 million ($2,080 per square foot), which means the seller made a substantial profit of $6.5 million, or 108% after owning the unit for over 17 years.Apart from these top three transactions, three other 2,885 square feet four-bedroom units at Ardmore Park were sold this year, with their sellers making profits of $2.65 million, $3 million, and $3.05 million respectively. Last year, the condo recorded four resale transactions, with profits ranging from $2.8 million to a whopping $8.16 million.That said, Ardmore Park is not the only condo in District 10 to see significant profits this year. In fact, the list of top gains was dominated by other mature freehold condos within the same district. Beverly Hill, a boutique condo with just 86 units located on Grange Road, was completed in 1983 and recorded the fifth most profitable transaction this year. On July 15, a four-bedroom unit spanning 3,778 square feet on the fifth floor was sold for $9.15 million, or $2,422 per square foot. This unit was bought by the seller at just $3.68 million ($976 per square foot) in June 2004, making the seller a profit of $5.47 million, or 149% within 17 and a half years.Older freehold condos in Districts 9 recorded two of the top 10 profits this year. The third-highest gain came from the sale of a four-bedroom unit spanning 3,434 square feet at Yong An Park, located on River Valley Road. The unit was sold for $8.6 million, equivalent to $2,505 per square foot on August 12. This same unit was bought by the seller back in January 1999 for just $1.88 million, or $547 per square foot, which means the seller made a gain of $6.72 million, equivalent to a remarkable 358% after owning the unit for over 25 and a half years.The sale of a 3,057 square feet unit at The Ritz-Carlton Residences Singapore Cairnhill made the fourth most profitable deal this year. The unit was sold on January 9 for $16.5 million, at a rate of $5,397 per square foot. The seller had purchased the unit in November 2007 for $11.61 million, or $3,798 per square foot, thus making a profit of $4.89 million, equivalent to 42% after owning the unit for nearly 13 years.In contrast to the top gains, Sentosa Cove condos made up nearly half of the top 10 least profitable resale transactions in Singapore this year. At the top of the list is the sale of a five-bedroom duplex penthouse measuring 3,789 square feet at Marina Collection, a 124-unit condo on Cove Drive. The unit changed hands on July 22 for $6.7 million, equivalent to $1,768 per square foot. The seller had purchased the unit from the developer for $9.39 million in March 2010, or $2,479 per square foot. As a result, the seller made a loss of $2.69 million, equivalent to 29%.The second biggest loss this year was recorded at Seascape, located on Cove Way. On August 14, a four-bedroom unit measuring 2,680 square feet on the sixth floor was sold for $4.5 million, equivalent to $1,679 per square foot. The unit was bought by the seller from the developer in October 2010 for $7.03 million or $2,623 per square foot. With these figures, the seller made a loss of $2.53 million after owning the unit for over 10 years.In all, it’s clear that resale transactions at Ardmore Park have yielded some of the most significant gains this year. In fact, the freehold condo has consistently seen significant gains in recent years, with three other 2,885 square feet four-bedroom units changing hands between $2.65 million and $3.05 million this year. Other freehold condos that were completed between 1982 and 1990 also made up the list of top profitable deals in District 10, including Astrid Meadows on Coronation Road West, Regency Park on Nathan Road, Fontana Heights on Mount Sinai Rise, and Wing On Life Garden on Bukit Timah Road.