A remarkable transaction at The Tessarina has set a new benchmark in the property market, as a four-bedroom unit was sold for $3.81 million, generating a substantial profit of $2.4 million for the seller. This sale, which occurred on June 3, 2025, has been recognized as the most profitable resale transaction recorded at The Tessarina to date. The financial success of this deal highlights the enduring appeal and value of properties within this well-regarded development.
Originally purchased in March 2003 for $1.42 million, the four-bedroom unit realized a staggering capital gain of 168.9% over approximately 22 years. This impressive increase underscores the potential for long-term investment in real estate, particularly in sought-after locations.
The Tessarina, completed in 2003, comprises 443 units that vary in size from 926 square feet to a spacious 3,671 square feet. The development is strategically situated on Wilby Road, in close proximity to the affluent Bukit Timah area, which has historically been known for its high property values and demand.
Calculating the annualized profit from this particular transaction reveals a rate of 4.5% over the holding period. This figure exemplifies the steady appreciation that can be expected in the Singapore property market, especially in prime areas like Bukit Timah. The Tessarina’s reputation for quality living spaces and its attractive location contribute significantly to its desirability among buyers, making it a valuable asset for owners.
The property’s layout, featuring four bedrooms, caters to families and individuals seeking ample living space, which further enhances its marketability. As urban living trends evolve, the demand for larger units that provide comfort and versatility remains robust.
The seller’s decision to capitalize on the investment at this juncture appears to have been timely, as the market continues to reflect strong interest in premium properties. Real estate analysts anticipate that this transaction will influence future sales at The Tessarina and similar developments in the area.
The record profit achieved not only sets a new standard for profitability in the complex but also serves as a benchmark for potential sellers considering their options in the current market. Buyers may be encouraged to act swiftly, knowing that the value of such properties has proven resilient over time.
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News Source: Edgeprop
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