on July 22Botanic Gardens View is a highly sought-after residential development in prime District 10. It is well-known for its prime location and lush greenery, as it is situated just across the iconic Singapore Botanic Gardens. Thus, it is no surprise that a recent resale transaction at the development has set a new record for being the most profitable ever recorded. The transaction, which took place during the week of September 3 to September 10, saw the sale of a three-bedroom unit on the sixth floor of the 1970-built freehold condo for $4.13 million ($2,353 psf) on September 9. According to records, the seller had purchased the 1,755 sq ft unit in July 1998 for about $862,000 ($491 psf). This means that the seller made a whopping gain of $3.27 million, reflecting an impressive capital gain of 379%, after holding the property for approximately 26 years.This transaction has surpassed the previous record set in August 2019, when another three-bedroom unit of 1,615 sq ft was sold for $4.07 million ($2,521 psf). The seller of that unit had acquired it back in September 2001 for approximately $930,000 ($576 psf), making a profit of $3.14 million. The 144-unit Botanic Gardens View condo is strategically located in the prime Taman Serasi neighbourhood, off Cluny Road, in District 10. The development offers a range of unit types, including two- and three-bedroom units that range from 1,259 sq ft to 1,755 sq ft. The lush greenery surrounding the condo as well as the proximity to the Singapore Botanic Gardens make it a highly desirable location for residents.Read also: Two units at Draycott Eight for sale at $14 mil AdvertisementAdvertisementThis recent transaction is only the second resale deal at Botanic Gardens View this year. The first transaction took place back in April when a 1,755 sq ft unit on the fourth floor was sold for $3.83 million ($2,183 psf). The same unit was last sold in July 2007 for $2.6 million ($1,482 psf), resulting in a profit of $1.23 million for the seller.The second most profitable sale during the week was recorded at Regency Park, where a three-bedroom unit of 2,250 sq ft changed hands for $5.13 million ($2,278 psf) on September 5. The seller had originally purchased the unit in July 2002 for $1.89 million ($839 psf), reaping a profit of $3.24 million or 172% after holding it for slightly over 22 years.Just last month, another resale unit at Regency Park was sold for a record-breaking profit of $4.89 million. The unit, which measures 3,649 sq ft, was last sold in February 2001 for $2.95 million ($808 psf) and was resold for $7.84 million ($2,149 psf), reflecting a profit of 166% for the seller. The freehold 292-unit Regency Park is located along Nathan Road in prime District 10 and comprises eight 25-storey residential blocks. The units are a mix of two- to four-bedroom apartments, with sizes ranging from 2,250 sq ft to 3,649 sq ft. An attractive feature of this development is its proximity to the Bishopsgate-Chatsworth Good Class Bungalow enclave, which is well-known for its tranquil and exclusive atmosphere. The development is also just a short drive away from popular malls such as Great World City and the Orchard Road shopping belt.Finally, the most unprofitable transaction recorded during the week was at The Scotts Tower, where a one-bedroom unit of 667 sq ft was sold for $1.3 million ($1,948 psf) on September 3. The seller had purchased the unit directly from the developer back in December 2011 for $2.22 million ($3,321 psf). As a result, the seller incurred a loss of around $916,400 (41%) after holding the unit for almost 13 years.Situated along Scotts Road in District 9, The Scotts Tower is a 231-unit 103-year leasehold condo that was completed in 2016. The units available include one- to three-bedroom apartments that range from 624 sq ft to 904 sq ft. There are also penthouses that measure 1,227 sq ft to 1,389 sq ft. This luxurious development is located in the heart of the city and is surrounded by a host of amenities, including popular shopping malls such as Scotts Square and ION Orchard. Its location, coupled with its modern and stylish design, makes it a highly attractive choice for both homeowners and investors alike.Overall, it is evident that transactions in prime District 10 have been very profitable for sellers. With the recent sale at Botanic Gardens View setting a new record for the most profitable resale deal, as well as other transactions at Regency Park and The Scotts Tower and their respective impressive profits, it is clear that properties in this prime district remain highly desirable and sought-after in Singapore’s real estate market.