US EditionResale four-bedder at Viva sold for $2.22 mil profit
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Resale four-bedder at Viva sold for $2.22 mil profit
The sale of a four-bedroom apartment at Viva was the most profitable condo resale transaction from April 29 to May 6. The 1,959 sq ft unit on the fifth floor fetched $5.02 million ($2,562 psf) on May 2. The seller had purchased the unit from the developer for $2.8 million ($1,431 psf) in September 2009. Thus, the seller raked in a profit of $2.2 million (79%), or an annualised profit of 3.8% over a holding period of nearly 16 years. Based on ca…
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