To determine which condo resale transaction has the highest Internal Rate of Return (IRR) in the last 5 years, you would need to analyze the resale prices, purchase prices, and the time period between the transactions for various condos in Singapore.
Here are some key points to consider:
- Marina Bay Suites, for example, has seen significant transactions. While the highest recorded transaction was S$3,409 psf in October 2012, recent transactions have ranged from S$1,752 psf to S$2,018 psf. However, the IRR would depend on the specific purchase and sale dates, and the prices at those times.
- To find the condo with the highest IRR, you would typically look for properties that have appreciated significantly over a short period. This often involves condos in prime locations such as District 1, which includes areas like Raffles Place, Marina Bay, and Cecil.
- You can use the transaction data available on EdgeProp Singapore to compare the purchase and resale prices of various condos over the last 5 years. This would involve looking at the historical price trends and calculating the IRR for each transaction.
- For instance, if a condo was purchased at a lower price 5 years ago and has since increased significantly in value, it would likely have a higher IRR compared to one that has seen minimal appreciation.
To get precise data, you can use the tools and resources available on EdgeProp Singapore to research and compare the resale transactions of different condos over the last 5 years.
We appreciate you using EdgeProp Buddy. As I'm in Beta mode, I'd recommend seeking expert advice in real estate for such concerns.