Just how far do you think $100,000 can get you?
Well according to these sets of trivia - you can
- Fly with a Water Jet Pack
- Drive Off In A 2016 Dodge Viper GT
- AND EVEN get those Taylor Swift Tour Tickets more than 8x.
But what about you? What would you do with those Six-Figures?
Today, we're going to reveal the secrets behind getting jaw-dropping six-figure profits in just four years.
Yes, you heard it right! We have three incredible case studies of condos located in three different locations that have turned homeowners into profit-making superstars.
So, let's dive in and uncover the keys to their success!
So we can also model them for our own success
Seaside Residences
Our first case study takes us to the stunning Marine Parade area, where Seaside Residences has taken the real estate world by storm. With 841 units and a shiny, brand-new appeal, this development has captured the hearts of buyers who are willing to pay a premium for modern luxury. And guess what? The early buyers of Seaside Residences are now sitting on comfortable six-figure gains!
Can you believe it?
Why such a leap in price? If we take a look at the surrounding developments, the other condos are more than 27 years old. While these 2-decade developments offer larger sizes, they don’t have that “brand new sparkle” that homeowners would pay for.
Clement Canopy
Now, let's head over to Clement Canopy, a hidden gem completed in 2020.
With limited condo supply and its prime location near schools and educational institutions, this place has become a hot spot for savvy investors.
The demand for homes in this area remains strong, making condos like Clement Canopy a winning choice.
With upcoming developments set to increase supply, owning a unit here is not only profitable but also a smart long-term investment.
Clement Canopy is another profitable investment, with an average profit of $300,000. Those who bought a unit in 2017 started their investment at $1,203 psf, and then sold them at $1,346 psf in 2021.
Previously, the Clementi had very limited options, with only 4 developments. So with investments in this development, owners are banking on the strong demand, and it’s a very sustainable one, owing to its schools and other educational institutions.
By the way, there are more upcoming new launches that is scheduled for completion within the next few years:
- Parc Clematis (1468 units)
- Clavon (640 units)
So heads up, the condo supply will experience a steady increase. But it’s still ideal to purchase right now, since we are experiencing a tight market this year.
Grandeur Park Residences
Our final stop takes us to the vibrant Tanah Merah area, where Grandeur Park Residences has made waves despite tough competition.
Surrounded by an abundance of condo options, this development managed to stand out thanks to its attractive entry price.
Buyers who got in early at Grandeur Park Residences scored lower prices compared to similar developments nearby.
This pricing advantage paved the way for remarkable profits. It's all about timing, my friends!
Grandeur Park is a new development completed in 2021 in Tenah Merah. But check this out, there’s no scarcity within the area!
Around Grandeur Park stands:
- The Tanamera built in 1994 with 288 units
- East Meadows built in 2002 with 482 units
- Casa Merah built in 2009 with 556 units
- Optima @ Tanah Merah built in 2012 with 297 units
- Urban Vista built in 2016 with 582 units
- The Glades built in 2017 with 726 units
- Grandeur Park Residences built in 2021 with 720 units
So with such an abundant supply, how did Grandeur Park Residences gain 6-figure incomes, even up to $700,000?
An owner bought a unit in 2017 for only $1,154 psf, and sold it in 2021 at $1,587 psf. With 1,744 sq ft area, they profited a whopping $755,000! The rest were initially purchased at $1,300 psf in 2017, and sold in 2021 at $1,600 psf, taking home an average of $400,000 and above!
And here’s why it’s such a success: Grandeur Park Residences had a very affordable price when it launched compared to the other developments that launched.
Now, let's pause for a moment and talk about the allure of newness.
There's something magical about stepping into a brand-new condo with all its modern amenities and luxurious finishes.
Buyers are willing to pay a premium for that feeling of freshness and the privilege of owning a state-of-the-art unit. And with today's tight property market and construction delays, the demand for ready-to-move-in properties is through the roof!
But remember, real estate investing is not a one-size-fits-all strategy.
Each case study we've discussed today comes with its own unique circumstances and considerations.
To make wise property investment decisions, it's crucial to consult with a knowledgeable real estate expert who can guide you through the process and help you find the best opportunities.
That's a wrap for today's mind-blowing journey through the world of profitable condos. Stay tuned for more exciting insights, tips, and captivating real estate content that will leave you hungry for more. Until next time, keep dreaming big and making those six-figure profits!
So, Invest wisely and stay tuned! Click here to book a complimentary call with me so you'll be guided accordingly about your property decisions.
