SINGAPORE (Mar 19): The sale of a four-bedroom unit at the Glentrees condominium in District 10 was the most profitable transaction in the week of Feb 27 to March 6. The 3,412 sq ft unit was sold on March 1 for $3.9 million ($1,143 psf). The unit was initially bought for $1.59 million ($466 psf) in 2005. The seller realised a $2.31 million (145%) profit on the sale of the property, which translates into an annual profit of 7% over a holding period of 12.7 years.

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