Seller at The Claymore in prime District 9 clinches $3.86 mil profit

The most profitable condo resale deal during the week of Aug 25 to Sept 1 involved a three-bedder at The Claymore, a freehold condo just off Orchard Road.

The 2,680 sq ft unit on the ninth floor changed hands for about $8.12 million ($3,032 psf) on Sept 1. The owner made a 90.6% profit — $3.86 million — having purchased the unit for around $4.26 million ($1,591 psf) in 1996. This translates to an annualised gain of 2.1% over 30 years.

But this is far from the top gain at The Claymore, going by caveats lodged. The record is held by a $9 million profit from the resale of a duplex penthouse in April 2020. The 4,919 sq ft, five-bedroom unit was transacted for $17 million — more than double the owner’s initial purchase price of $8 million back in March 2002.

Read also: Three-bedder at Goldenhill Park Condominium scores $2.55 mil profit

Excluding the recent Sept 1 deal, The Claymore has recorded two other resale transactions this year, both of which were in the black. One involved a three-bedder which was sold for $8.22 million, resulting in a $4.02 million profit. The other was for a four-bedder that fetched $11.2 million, bringing in a profit of $2.25 million.

Completed in 1985, The Claymore, in prime District 9, has 146 apartments which come in three- to five-bedroom configurations with private lift access and range from 2,680 to 4,919 sq ft.

Situated along Claymore Road, the condo is about a seven-minute walk to malls on the Orchard Road retail belt, such as Shaw House and Far East Shopping Centre. On foot, Orchard MRT Interchange is around 12 minutes away, while Newton MRT Interchange is 16 minutes away.

The week’s second-most profitable condo resale transaction took place at The Hillside, a freehold development on Upper Bukit Timah Road in District 21.

The owner of a four-bedder netted a profit of $3.59 million (226.2%) when it was sold for $5.18 million on Aug 27. That works out to a 4.6% gain on an annualised basis across 26.5 years. The 2,648 sq ft unit on the 10th floor was originally purchased from the developer in 2000 for around $1.59 million.

This stands as the most profitable deal at the development so far. It is double the previous record set in April 2024, when the owner of another four-bedder reaped $1.79 million in profit. That unit was resold for $2.7 million; it was initially purchased from the developer for $909,800 in 1998.

Read also: Resale condo unit nets $3.1 mil profit at Palm Spring in prime District 10

URA data compiled by EdgeProp Research shows that The Hillside recorded two other resale deals this year. Both involved three-bedroom units, and were profitable. They were priced at around $2.32 million and $2.65 million, earning the sellers $1.22 million and $1.77 million in profits, respectively.

Completed in 2001, The Hillside features 340 units in two- to four-bedroom layouts measuring between 1,044 and 3,240 sq ft. Hume MRT Station is an 11-minute walk away. Amenities and eateries are available at the HillV2 shopping plaza and at The Rail Mall, which are about six to eight minutes away by car.

On the flip side, the steepest loss from condo resale deals during the week came from Draycott Eight in District 10.

A loss of $929,600 — amounting to 12.4%, or 0.7% when annualised over nearly 19 years — resulted from the Aug 28 sale of a four-bedder at the condo. The 2,896 sq ft unit on the seventh floor was sold at $6.6 million ($2,279 psf), considerably less than its previous purchase price of $7.53 million ($2,600 psf) in 2007.

Draycott Eight’s most unprofitable deal thus far took place about 17 years ago, going by caveats lodged. Back then, the owner of a penthouse lost $4.5 million when the 4,187 sq ft unit changed hands in 2009 for $8.8 million — well below its previous price tag of $13.3 million when it was bought in 2007.

Draycott Eight is a 99-year leasehold luxury condo on Draycott Park, completed in 2005. The 136-unit development offers two- to four-bedroom units, including simplexes, duplexes and penthouses.

Read also: Rivergate three-bedder sale yields $2.89 mil profit

Anglo-Chinese School (Primary) and Anglo-Chinese School (Barker Road) are within a 1km radius. Tanglin Club is across the road from the condo, while Far East Plaza is an eight-minute walk away.

This year, Draycott Eight has logged eight other resale transactions. Four of them were in the red, with losses amounting to between $55,600 and $589,790.

Check out the latest listings for The Claymore properties