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What is the fastest appreciating condo in Singapore in the last 2 years?
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Based on the recent data, several condos in Singapore have shown significant appreciation over the last two years. Here are a few notable examples:
The Blossomvale
This 999-year lease condo has seen substantial gains, particularly due to improvements in its vicinity such as the King Albert Park MRT station and new developments like Mayfair Garden and The Reserve Residences. Recent transactions have shown annualized gains of up to 7.4%, with sale prices reaching up to $2,263 per square foot.
One Amber
Located in Marine Parade, One Amber has benefited from the completion of the Thomson-East Coast Line (TEL) and its proximity to amenities like Parkway Parade and i12 Katong. It has recorded strong gains, with recent transactions at $2,296 per square foot and annualized returns of up to 7.6%.
The Tessarina
Situated in Bukit Timah, The Tessarina has also shown impressive appreciation. Recent sales have been at $2,309 per square foot, with annualized gains of up to 8.2%. The area's appeal to those seeking lower-density living has contributed to its rising value.
These condos have demonstrated significant appreciation due to a combination of factors including improved infrastructure, new developments in the area, and their desirable locations.
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