1 hour ago1 hr Staff Scotts Square is a prestigious freehold condominium at 6–8 Scotts Road, developed by Wharf Estates Singapore Pte Ltd, with 338 units across 43 floors. It stands out for its prime Orchard Road location, luxury fittings, private lift lobbies, and retail podium below, making it one of District 9’s most exclusive addresses.Looks luxurious but completely unprofitable developmentPositioning & profile- Tenure: Freehold - Scale: 43 storeys, 338 units - T.O.P.: 2011 [Purchased in 2007 under construction]Connectivity: Easy access to Central Expressway (CTE) and CBDSurroundings: Between Grand Hyatt and Marriott Hotels, near ION Orchard, Shaw House, Tangs PlazaRetail Podium: 4-storey boutique mall with supermarket, cafes, banks, designer labels, and dining options
1 hour ago1 hr Author Staff Scotts SquareOwners Selling @ a LossRental - Tenant? Not my problemOverall outcome: This sample is 100% loss-making (10/10 negative profits) with negative annualised returns throughout. It reads like a “high-entry-base” cohort that never recovered to their entry psf.Price gap (psf): Sale prices sit around ~S$2,803–3,404 psf (avg ~S$3,083 psf) versus purchase prices ~S$3,766–4,451 psf (avg ~S$4,136 psf). That implies a typical psf compression of roughly ~-950 to -1,250 psf.Loss magnitude ( ): Losses are very large and relatively clustered: ~ -S\1.16M to -S$1.56M (avg ~ -S$1.28M, median ~ -S$1.26M). The worst case (-S$1.56M) is a 1,249 sqft 3-bed bought at ~S$4,171 psf and sold at ~S$2,923 psf—showing how large size + big psf drop drives extreme absolute losses.Annualised performance & holding period: Annualised returns range -1.4% to -3.7% (avg ~ -2.9%). The least negative result (-1.4%) corresponds to the longest hold (6,755 days)—time reduced the annualised pain, but did not turn outcomes positive. Most others held ~3,051–4,002 days (about 8–11 years) and still landed around ~-2.4% to -3.7% annualised.What stands out: Entry timing is highly concentrated (Aug–Nov 2007) across all rows. The pattern suggests performance is driven less by unit selection and more by being priced in at a high point, followed by exits at materially lower psf.Practical takeaway: Based on these records, Scotts Square (for this 2007 buyer cohort) shows a clear risk of capital loss when purchased at elevated entry psf, where longer holding periods mainly soften the annualised loss rather than restore profitability.Area (sqft)BedroomsSale Price (S$ psf)Bought OnPurchase Price (S$ psf)Loss(S$)DaysAnnualised (%)1,24932,92324 Aug 20074,171-1,558,3303,451-3.71,24933,00324 Aug 20074,071-1,333,4303,814-2.91,24933,40428 Nov 20074,451-1,308,0504,002-2.41,23833,23130 Aug 20074,280-1,298,6403,871-2.61,24933,12319 Oct 20074,161-1,295,8403,458-3.01,24933,04318 Oct 20074,026-1,227,2253,476-2.91,24932,80328 Aug 20073,766-1,202,4853,051-3.51,24933,0436 Nov 20074,006-1,202,2453,136-3.11,23833,29624 Aug 20074,245-1,175,3106,755-1.494722,9563 Sep 20074,184-1,163,1953,445-3.6
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