A four-bedroom unit at The Tessarina recently achieved a remarkable milestone, selling for $3.81 million on June 3, 2025, and setting a record for the most profitable resale within the development. This transaction is a testament to the robust real estate market in the area and highlights the increasing value of properties in this sought-after location. The seller, who purchased the unit in March 2003 for $1.42 million, realized an impressive profit of $2.4 million from this sale, underscoring the potential for significant capital gains over time in the property sector.
The Tessarina, completed in 2003, encompasses a total of 443 units, with sizes ranging from 926 square feet to 3,671 square feet. Situated on Wilby Road near Bukit Timah Road, the development has become an attractive option for families and individuals looking for spacious living environments in a prime location. The recent sale reflects not only a personal financial success for the seller but also indicates a sustained demand for housing in this area, contributing to the overall appreciation of property values.
The substantial profit of $2.4 million translates to a remarkable capital gain of 168.9% over the 22-year holding period. This figure illustrates the significant appreciation in property values that can be achieved with long-term ownership. Such returns are enviable in any investment landscape, particularly within real estate, where market dynamics can fluctuate over time.
The annualized profit from this transaction is calculated at 4.5%, indicating a consistent and reliable growth in the unit’s value during the ownership period.
The Tessarina’s appeal lies in its blend of location, size, and amenities, making it a desirable residence for those who prioritize both space and accessibility. As urban living continues to evolve, developments like The Tessarina stand out for their commitment to providing quality housing options that meet the needs of modern families. The recent sale further emphasizes the unit’s desirability and the development’s overall reputation as a premier residential choice.
The transaction not only sets a new benchmark within The Tessarina but also serves as an indicator of the broader real estate trends in the region. As buyers continue to seek out properties that offer both investment potential and quality living experiences, the success of this resale reinforces the narrative that well-located developments with desirable features can yield significant returns over time.
The Tessarina remains a pivotal player in the local real estate market, showcasing the benefits of long-term investment in residential properties.
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News Source: Edgeprop
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