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A four-bedroom unit at Equatorial Apartments in Singapore proved to be the most profitable condo resale transaction for the week of Aug 1 to 8, based on caveats lodged with URA. The 2,497 sq ft apartment was sold on Aug 3 for $4.55 million ($1,822 psf), which resulted in a capital gain of 300% over a holding period of nearly 20 years.

Inspired by its lush environment, Tampines Ave 11 Condo Capitaland also features lush foliage and features to create a tranquil living space. With the nearby Tampines Town Park, it provides some of the greenest and most diverse lifestyle opportunities, while greenery is interspersed throughout the development. Residents can look forward to various amenities and facilities, such as a swimming pool, a children’s playground, and a gymnasium. Residents can also enjoy easy access to retail and food outlets, as well as a nearby supermarket.

This is the most profitable transaction recorded to date at Equatorial Apartments, according to data compiled by EdgeProp Singapore. It does beat the previous record set in May 2007, when a 5,382 sq ft penthouse was sold for $5.1 million ($948 psf), resulting in a profit of $2.95 million. In addition, the Aug 3 sale also marks a new psf-price high at Equatorial Apartments, taking over the February psf-price of $1,782 psf when a 2,497 sq ft unit was sold for $4.45 million.

Located on Meyer Road in District 15, Equatorial Apartments is a freehold boutique condo built in 1981, offering 61 units ranging from two- to four-bedroom apartments from 2,411 to 2,497 sq ft as well as penthouses from 2,691 to 5,565 sq ft.

Meanwhile, Teresa Ville saw the second most profitable transaction during the week when a 1,981 sq ft unit was sold on Aug 8 at $3.15 million ($1,590 psf). The seller had bought the three-bedroom unit in June 1998 for $1.005 million ($507 psf), leading to a net gain of $2.155 million (213%) after holding the unit for slightly over 25 years.

Teresa Ville is a freehold development located along Lower Delta Road in District 4, offering 264 units ranging from two-, three- and four-bedroom units of 1,356 to 3,972 sq ft.

On the other hand, the most unprofitable transaction for the week was the sale of a four-bedroom-plus-study apartment at Orchard Scotts. The 2,282 sq ft unit on the fourth floor changed hands for $3.78 million ($1,656 psf) on Aug 7, after being purchased in March 2010 for $4.61 million ($2,019 psf). This means the seller made a loss of about $826,700 (18%) over a holding period of nearly 13½ years.

Orchard Scotts is a 99-year leasehold development located on Anthony Road, off Clemenceau Avenue North in prime District 9. Developed by Far East Organization, it was completed in 2008, housing 387 units of two to five bedrooms, sized between 936 and 4,435 sq ft.

Overall, the profitable condo resale transactions during the week of Aug 1 to 8 may provide potential buyers and sellers more insight into the Singapore property market. Check out the latest listings for Equatorial Apartments, Teresa Ville, Orchard Scotts properties on EdgeProp.sg for more.