The seller of a unit at Pinewood Gardens made the top gain of $1.68 million over the week of July 9 to 16. The 1,959 sq ft unit on the second floor was bought for $1.6 million ($817 psf) in October 2006, and sold for $3.28 million ($1,674 psf) on July 15. The seller made a 105% profit, or an annualised profit of 6% over nearly 13 years.
Located at Balmoral Park in prime District 10, the freehold Pinewood Gardens was developed by City Developments Ltd. Completed in 1990, it comprises 149 units, ranging from 1,227 sq ft, two-bedders, to 2,099 sq ft, four-bedroom units. The Singapore Botanic Gardens is a short six-minute drive away. The development is also near reputable schools. Anglo-Chinese School (Primary) is a six-minute drive away, while Raffles Girls’ School (Secondary) is a seven-minute walk away.
