Resale unit at Highgate reaps $1.27 mil profit

SINGAPORE (EDGEPROP) - The seller of a unit at Highgate made the top gain of $1.27 million over the week of Oct 22 to 29. The 1,905 sq ft unit on the sixth floor was bought for $1.15 million ($604 psf) in June 2009, and sold for $2.42 million ($1,270 psf) on Oct 24. The seller made a 110% profit, or an annualised profit of 7% over around 10 years.

Located at Highgate Crescent in District 21, the freehold Highgate was developed by Lum Chang Properties. Completed in 1995, Highgate comprises 216 units in five blocks. It is a four-minute drive to Beauty World Plaza and Beauty World Centre.


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