When you consider the impressive resale profits at Ardmore Park, it’s clear that this luxury development remains a lucrative investment. The recent sale of a four-bedroom unit for $12 million is a testament to the value this property holds. This sale not only generated a staggering profit of $6.5 million for the seller but also reflects an astounding 118% return on investment. It’s hard to overlook such significant appreciation, especially when the previous purchase price for this unit was just $5.5 million, or $1,907 per square foot.
What makes Ardmore Park particularly appealing is its positioning in the high-end market. With an average resale price of approximately $4,190 per square foot, it stands out as one of the most sought-after developments in the area. This premium price point is indicative of the neighborhood’s desirability, and it’s a clear signal that buyers are willing to invest heavily in quality living spaces. When you’re considering your options, knowing that you’re investing in a property with such high demand can be incredibly reassuring.
Another noteworthy sale at Ardmore Park further illustrates the potential for returns. A different four-bedroom unit sold for an impressive $13.2 million earlier in the year, yielding a profit of $8.54 million. This sale marks a staggering 183% increase since its purchase, underscoring the robust appreciation trend in this luxury market. The consistent profits from these sales highlight the potential for savvy investors like you to capitalize on the opportunities within this exclusive development.
The annualized profit for the four-bedroom unit sold for $12 million is also quite compelling, calculated at 5.3% over a 15-year holding period. This figure indicates that investing in Ardmore Park isn’t just about immediate gains; it also presents a stable and steady growth opportunity over time. If you’re looking for a long-term investment with the potential for solid returns, the numbers speak for themselves.
As you evaluate your investment strategy, you can’t ignore the market dynamics at play in Ardmore Park. The high resale prices and impressive returns on investment reflect a strong demand for luxury living in this area. With the ongoing developments and urban enhancements in the vicinity, you can expect this trend to continue, making it an opportune moment for you to consider entering or expanding your presence in this market.
NEW CONDO LAUNCH: BLOOMSBURY RESIDENCES
Bloomsbury Residences is an upcoming luxury condominium development designed for affluent buyers, featuring spacious units and modern amenities.
While specific pricing details and floor plans are yet to be released, the project’s strategic location near shopping districts and transportation hubs is expected to attract significant interest.
Interested buyers can explore the Bloomsbury Residences Project Information and register for updates, including the launch date and Bloomsbury Residences e-brochure.
View BLOOMSBURY RESIDENCES ShowFlat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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