A $3.4 million profit is made by the seller of a four-bedroom apartment at Equatorial Apartments

A four bedroom apartment in Equatorial Apartments is the highest-profit condo resalesale transaction in the week from August 1-8 in accordance with caveats that were filed with URA. The apartment, which was 2,497 square feet traded hands in the amount of $4.55 million ($1,822 per square foot) on the 3rd of August. It was bought from the vendor in late October of 2003 at $1.14 million ($456 per sq ft) and they earned $3.41 million. This is an investment gain of 300% over a time duration of more than 20 years.

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It is the most profitable deal to date in Equatorial Apartments, based on the data collected through EdgeProp Singapore. This surpasses the previous record, set in the month of May 2007 when a 5,382 sq. ft. penthouse was purchased for $5.1 million ($948 per square foot) and yielded an income of $2.95 million. The penthouse was sold on Aug 3, also sets a brand new price-per-square-foot record for the development beating the previous record of $1,782 per square foot recorded in February, when the 2,497 square feet unit was purchased to a buyer for $4.45 million.

located in Meyer Road in District 15, Equatorial Apartments is a freehold boutique condo that was built in 1981. There are the totality of 61 apartments housed within a 16-story block. The typical units are four-bedroom homes with sizes ranging from 2,411 up to 2,497 sq feet. There are penthouses that range Between 2,691 to 5,565 square feet.

Teresa Ville was the second-highest profit during the week of review. A 1,981 sq ft apartment was purchased at $3.15 million ($1,590 per square foot) on August 8. The three-bedroom property was purchased by the seller in June of 1998. The price was $1.005 million ($507 per sq ft). Thus, the seller earned an income that was $2.155 millions (213%) after holding the property for a little more than 25 years.

This is the second highest-profit deal recorded by Teresa Ville to date. The most profitable transaction in the development took place earlier in the year one of the three-bedroom, 1,981 square feet apartment was purchased at $3.28 million ($1,656 per square foot) on the 20th of March. The seller, who bought the property at the end of April for 960,000 ($485 per square foot) realized a profit of $2.32 million, or 242%.

Teresa Ville is the name of a freehold development that has 264 units situated along Lower Delta Road in District 4. The development was completed in 1986. development is composed of three blocks housing an assortment of three, twoand four-bedroom apartments that range between 1,356 to 3,972 square feet.

Meanwhile, the sale of a four-bedroom-plus-study apartment at Orchard Scotts was the most unprofitable transaction during the week in review. The 2,282 sq ft apartment located on the fourth floor exchanged ownership at $3.78 million ($1,656 per square foot) on August 7. The property was purchased by the seller in march 2010 for $4.61 million ($2,019 per square foot). This means that the seller suffered losses of around 826,700 which is 18% over a time that was close to thirteen and a half years.

The second unit in Orchard Scotts that has changed hands this year, on the basis of caveats filed. Before this there was a 2,099 square feet unit was purchased to a buyer for $3.85 million ($1,834 per sq ft) on the 30th of May. The seller bought the property on August 12, 2012, for $4.1 million ($1,953 per square foot). They incurred the seller a loss of $250,000 from the deal.

Orchard Scotts is a 99-year leasehold development located on Anthony Road, off Clemenceau Avenue North in the District 9. It was developed through Far East Organization, it was completed in the year 2008. The 387-unit project comprises two to five bedroom homes ranging from 936 to 4,435 square feet.