# Resale condo unit nets $3.1 mil profit at Palm Spring in prime District 10 - **Source:** EdgeProp Singapore - **Published:** 2026-08-27T05:00:00.000Z - **Author:** EdgeProp Singapore - **Original:** https://www.edgeprop.sg/property-news/resale-condo-unit-nets-31-mil-profit-palm-spring-prime-district-10 - **Topics:** Private Residential, Transactions & Deals ## Featured rationale The gain signals strong long-term value retention for spacious freehold District 10 homes, potentially reinforcing seller confidence, although annualised returns were a moderate 5.9%. ## AI summary A Palm Spring three-bedroom unit sold for $4.25 million on Aug 14, generating a $3.1 million profit after nearly 23 years. ## Original article A three-bedder at Palm Spring, a freehold condo on Ewe Boon Road in prime District 10, was the most profitable resale condo transaction during the week of Aug 11 to 18. The 1,884 sq ft unit on the third floor changed hands for $4.25 million ($2,256 psf) on Aug 14. It had been purchased in 2003 for $1.15 million ($611 psf). That works out to a profit of $3.1 million, or 5.9% when annualised over a holding period of nearly 23 years. This ranks as the second most profitable resale at Palm Spring to date. Its biggest gain stands at $3.19 million, when another three-bedder of the same size was sold for $4.4 million last January. The seller had bought the apartment for $1.21 million in 2005. Read also: Rivergate three-bedder sale yields $2.89 mil profit This year, Palm Spring has recorded four other resale deals that were all in the black, going by caveats lodged. These units raked in profits of $1.36 million to $2.38 million. Completed in 1997, the 167-unit Palm Spring offers spacious two- to four-bedroom layouts, sized between 947 and 3,014 sq ft. The freehold development sits within the Tanglin Planning Area, off Bukit Timah Road, Balmoral Road and Stevens Road. In the vicinity are several schools, including Anglo-Chinese School (Primary), Anglo-Chinese School (Barker Road), Singapore Chinese Girls’ Primary School and St Joseph’s Institution. As for amenities nearby, Palm Spring is a 13-minute walk to Balmoral Plaza shopping mall, while Tanglin Mall and the Orchard Road retail belt are about an eight-minute drive away. Second on the list of the week’s most profitable condo resales was a unit at One Amber, in the East Coast in District 15. The seller of the four-bedroom apartment garnered a gain of $2.06 million, or 4.2% on an annualised basis over a holding period of almost 17 years. Read also: Seller of five-bedder at Leedon Residence reaps $3.75 mil profit The 1,701 sq ft unit on the 13th floor was sold for around $4.09 million ($2,404 psf) on Aug 11. It had been purchased in 2009 for about $2.02 million ($1,190 psf). Still, this is not the most profitable resale at One Amber so far. A deal this February raked in the development’s largest gain, when the sale of a four-bedder reaped a $2.47 million profit. The owner had bought it for $1.3 million back in 2009 before selling it for $3.77 million this year. One Amber has recorded eight other caveated resale transactions this year, all of which were profitable. These units were priced between $2.22 million and $3.5 million, netting profits ranging from $380,000 to $1.91 million. Completed in 2010, One Amber is a freehold condo comprising four 23-storey towers, totalling 562 units. It has a mix of one- to four-bedders spanning 570 to 3,100 sq ft, alongside four-bedroom penthouses measuring from 2,659 to 3,541 sq ft. Located along Amber Gardens off Mountbatten Road, the condo is a 10-minute walk to Tanjong Katong MRT Station. Malls nearby include Katong Shopping Centre, Katong V and Parkway Parade. Meanwhile, the steepest loss among condo resales during the period in review came from a two-bedder at Skyline @ Orchard Boulevard, a freehold luxury boutique apartment along Angullia Park in District 9. Read also: Seller at The Morningside in District 9 reaps $3.54 mil profit The owner incurred a loss of more than $1.78 million, which translates to 1.9% when annualised over 16 years. They had bought the 1,744 sq ft, two-bedroom unit from the developer for $6.58 million ($3,776 psf) in 2010, and resold it for $4.8 million ($2,753 psf) on Aug 13. This marks the first unprofitable resale transaction at the development to date, based on caveat data. The 40-unit project, completed in 2015, has recorded only five caveated resales since 2010. Skyline @ Orchard Boulevard offers 33 storeys of large-format residences, each with a spacious balcony overlooking Orchard Road. They include two- to four-bedders, as well as a triplex penthouse measuring 9,494 sq ft with two private lifts. The development is a few minutes’ walk to Ion Orchard and Wheelock Place. ## Chinese translation > Translation model: grok_cli ### 优质第10区Palm Spring转售公寓单位净赚新币310万元 另一方面，Skyline @ Orchard Boulevard一个单位的卖家在回顾周内录得新币178万元亏损。 位于优质第10区尤文路（Ewe Boon Road）的永久地契公寓Palm Spring，一套三房单位成为8月11日至18日当周转售公寓交易中获利最高的一笔。 这套位于三楼、面积1,884平方英尺的单位于8月14日以新币425万元（每平方英尺新币2,256元）易手。该单位于2003年以新币115万元（每平方英尺新币611元）购入。以此计算，获利新币310万元，按近23年持有期年化回报率为5.9%。 这是迄今Palm Spring获利第二高的转售交易。该项目最大获利纪录为新币319万元，当时另一套同面积三房单位于去年1月以新币440万元售出。卖家于2005年以新币121万元购入该公寓。 延伸阅读：Rivergate三房单位转售获利新币289万元 根据已登记的买卖契约，Palm Spring今年另录得四笔转售交易，全部录得盈利。这些单位获利介于新币136万元至238万元。 Palm Spring于1997年竣工，共167个单位，提供宽敞的两房至四房户型，面积介于947至3,014平方英尺。 该永久地契项目位于东陵规划区（Tanglin Planning Area），毗邻武吉知马路（Bukit Timah Road）、百慕乐路（Balmoral Road）和史蒂芬路（Stevens Road）。附近有多所学校，包括英华小学（Anglo-Chinese School (Primary)）、英华学校巴克路校区（Anglo-Chinese School (Barker Road)）、新加坡女子学校小学部（Singapore Chinese Girls’ Primary School）和圣若瑟书院（St Joseph’s Institution）。 周边配套方面，Palm Spring步行13分钟可达百慕乐广场（Balmoral Plaza）购物中心，东陵购物中心（Tanglin Mall）和乌节路（Orchard Road）零售带驾车约八分钟即可抵达。 当周转售公寓获利排行第二的是位于东海岸第15区One Amber的一个单位。 该四房公寓卖家获利新币206万元，按近17年持有期计算，年化回报率为4.2%。 延伸阅读：Leedon Residence五房单位卖家获利新币375万元 这套位于13楼、面积1,701平方英尺的单位于8月11日以约新币409万元（每平方英尺新币2,404元）售出。该单位于2009年以约新币202万元（每平方英尺新币1,190元）购入。 不过，这并非One Amber迄今获利最高的转售交易。今年2月的一笔交易创下该项目最大获利纪录，一套四房单位转售获利新币247万元。业主于2009年以新币130万元购入，今年以新币377万元售出。 One Amber今年另录得八笔已登记买卖契约的转售交易，全部录得盈利。这些单位成交价介于新币222万元至350万元，获利介于新币38万元至191万元。 One Amber于2010年竣工，为永久地契公寓，由四座23层大楼组成，共562个单位。户型涵盖一房至四房，面积介于570至3,100平方英尺，另有面积2,659至3,541平方英尺的四房顶层公寓。 该公寓位于蒙巴登路（Mountbatten Road）旁的安伯花园（Amber Gardens），步行10分钟可达丹戎加东地铁站（Tanjong Katong MRT Station）。附近商场包括加东购物中心（Katong Shopping Centre）、Katong V和百汇广场（Parkway Parade）。 与此同时，回顾期内转售公寓亏损最严重的是Skyline @ Orchard Boulevard的一套两房单位。该项目为位于第9区安吉利雅园（Angullia Park）的永久地契豪华精品公寓。 延伸阅读：第9区The Morningside卖家获利新币354万元 业主亏损逾新币178万元，按16年持有期年化计算为1.9%。 他们于2010年以新币658万元（每平方英尺新币3,776元）从发展商购入这套面积1,744平方英尺的两房单位，并于8月13日以新币480万元（每平方英尺新币2,753元）转售。 根据买卖契约数据，这是该项目迄今首笔录得亏损的转售交易。该项目共40个单位，于2015年竣工，自2010年以来仅录得五笔已登记买卖契约的转售交易。 Skyline @ Orchard Boulevard提供33层大户型住宅，每套均配有可俯瞰乌节路的宽敞阳台。户型包括两房至四房，以及一套面积9,494平方英尺、配有两部私人电梯的三层顶层公寓。 该项目步行数分钟即可抵达Ion Orchard和会德丰广场（Wheelock Place）。