SINGAPORE (Mar 26): The first transaction at St Regis Residences this year turned out to be the most unprofitable deal in the week of March 6 to 13, as revealed by the matching of URA caveat data as at March 20. A 1,507 sq ft, three- bedroom unit on the 13th floor of the luxury project was sold for $3.68 million ($2,442 psf) on March 12, resulting in a $2.03 million (35%) loss for the previous owner, who purchased it for $5.68 million ($3,771 psf) in 2007.

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