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SUMTER AREA APARTMENT GUIDE - Housing Referral Office

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The Hyde development, which is also located in the Southern Precinct, was completed in 2010 and has recorded 41 positive resales. The average capital gain for the building is 22%. To date the largest capital gain for the building is 45%. The apartment originally transacted for $1.28 million in November 2006 and resold for $1.85 million in October 2010. Another resale also resulted in a 41% gain. The resales in The Hyde have ensured six owners gained a 32% or 33% profi t with a further 15 selling their apartment for a 20% to 29% capital gain