A four-bedder at The Peak just set a new profit record for the development. The headline number grabs attention — but the annualised return tells the more useful story, and it's not the one you'd guess from the headline.
A four-bedder at The Peak, a freehold condo in Pasir Panjang, sold for $8.5 million on 3 July 2026 — a record $5.4 million profit (174.2%) for the development. But spread across the 21.5-year holding period, that works out to an annualised gain of just 4.8% a year — a useful reminder that big absolute profits and strong annual returns are two different things.
At the top of the list of profitable condo resale transactions for the week of 30 June to 7 July was The Peak, a freehold condo in Pasir Panjang. A 5,522 sq ft four-bedder on the second floor changed hands for $8.5 million, or $1,539 psf, on 3 July. The owner had purchased the unit in February 2005 for $3.1 million, or $561 psf — a profit of $5.4 million, or 174.2%, working out to an annualised gain of 4.8% over 21.5 years.
This is the most profitable deal at the development to date, surpassing a sale two years ago of a similarly sized four-bedroom apartment for $8.3 million, which had netted a then-record profit of $4 million on a unit bought in 2006 for $4.3 million. Completed in 1988, The Peak is a low-rise boutique condo on Pepys Road, featuring just 20 units spread across four four-storey blocks — all four-bedroom layouts sized between 4,349 and 5,543 sq ft.
$5.4 million is the kind of figure that makes headlines, and it's not wrong — the seller genuinely walked away with that much more than they put in. But as an investment return, 4.8% a year, compounded over two decades, is a solid outcome — comparable to long-run equity market averages, not the extraordinary windfall the headline number implies. This is the gap between absolute profit and annualised return, and it's worth understanding before you read the next "record profit" headline and assume it means something more dramatic than it does.
| Project | Sold | Profit / Loss | Return | Annualised | Hold Period |
|---|---|---|---|---|---|
| The Peak | $8.5M | +$5.4M | +174.2% | +4.8%/yr | 21.5 yrs |
| Viva | $5.39M | +$2.56M | +90.7% | +3.9%/yr | ~17 yrs |
| Belle Vue Residences | $5.1M | -$1.62M | -24.1% | -1.9%/yr | 14+ yrs |
Second on the list of profitable deals that week was a transaction at Viva, a freehold development on Suffolk Walk. A 1,959 sq ft four-bedroom unit on the sixth floor sold for $5.39 million on 1 July — bought from the developer in August 2009 for $2.83 million, a profit of $2.56 million (90.7%), or 3.9% annualised over nearly 17 years. The most lucrative Viva deal on record remains a June sale, where a 2,486 sq ft four-bedder fetched $7 million against a 2009 purchase price of $3.96 million, netting $3.04 million.
The other side of the story: Belle Vue Residences in River Valley recorded the week's most unprofitable deal. A 2,304 sq ft four-bedroom-plus-study unit sold on 3 July for $5.1 million — the seller had bought it in 2012 for $6.72 million, a loss of $1.62 million (24.1%), or a 1.9% annualised loss over more than 14 years. It was the fifth-most unprofitable transaction at the condo to date; excluding it, Belle Vue has seen nine resale deals this year, three of which were loss-making.
Long holding periods clearly improve the odds of a profitable outcome — every profitable deal above involved 17+ years of ownership. But holding period alone doesn't guarantee a good result, as Belle Vue's 14-year loss shows. Location, freehold status, and the specific asset's fundamentals still do most of the work. The Peak and Viva are both freehold, low-density, boutique developments in established locations — exactly the profile that tends to compound reliably over decades, even through multiple property cycles and cooling measures.
When a "record profit" headline crosses your feed, the number to actually look at is the annualised return, not the dollar figure — 4.8% a year for 21.5 years is a genuinely good, boring, compounding result. It's not a story about timing the market brilliantly; it's a story about buying a decent freehold asset and doing nothing for two decades. That's a much more replicable lesson than "buy in 2005," which none of us can do again.
The Belle Vue loss is the part I'd want clients to sit with too. A 14-year hold still lost money — the location and the specific unit matter as much as the holding period. If you're weighing a long-term hold right now, the question isn't just "will I hold long enough," it's "is this specific asset the kind that has historically compounded, or the kind that's historically lagged." Happy to walk through what that actually looks like for a project you're considering.
Thinking about a long-term hold, or wondering what your own property's annualised return actually looks like?
WhatsApp Bryan → More guides →Source: EdgeProp Singapore, 16 July 2026, "Record $5.4 mil profit from four-bedder at The Peak condo in District 5" by Kalynskye Adrian. Data based on caveats lodged, compiled by EdgeProp Research. This article is for informational purposes only and does not constitute financial or investment advice.
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