Seller of four-bedder at Equatorial Apartments rakes in $3.4 mil profit

on EdgeProp.sg

Equatorial Apartments in District 15 saw the most profitable condo resale transaction during the week of Aug 1 to 8, according to a caveat lodged with URA. The 2,497 sq ft four-bedroom unit changed hands for $4.55 million ($1,822 psf) on Aug 3. The seller purchased the apartment in October 2003 for $1.14 million ($456 psf), resulting in a profit of $3.41 million – a capital gain of 300% after a holding period of nearly 20 years.

This is the most profitable resale transaction at Equatorial Apartments to date, according to EdgeProp Singapore, surpassing the previous record from May 2007 when a 5,382 sq ft penthouse was sold at $5.1 million ($948 psf), leading to a profit of $2.95 million. The sale of the four-bedroom unit also marks a new psf-price high for the development, exceeding the $1,782 psf reached when another similar-sized unit was sold for $4.45 million in February.

Teresa Ville came in second for the most profitable transaction during that week, when a 1,981 sq ft unit was sold for $3.15 million ($1,590 psf). The three-bedroom apartment had been purchased in June 1998 for $1.005 million ($507 psf). This resulted in a profit of $2.155 million (213%) after 25 years of holding the unit.

This sale comes second in Teresa Ville’s profitable transactions, with the first occurring earlier this year when a 1,981 sq ft, three-bedroom apartment was sold for $3.28 million ($1,656 psf). The seller, who had bought the unit in April 2006 for $960,000 ($485 psf), saw a gain of $2.32 million or 242%.

The building offers a wide range of amenities including a swimming pool, gym, dance studio, game room, and lounge. The building also provides access to a 24-hour security system and concierge services. Residents can expect to receive personalized services whenever they need it. Woodlands Champions Way Condo is also dedicated to providing its residents with the highest standards of living that they can find in the area. With its well-maintained facilities and modern amenities, residents can truly experience the best living experience that Woodlands Champions Way Condo has to offer.

In contrast, the sale of a four-bedroom-plus-study apartment at Orchard Scotts was the most unprofitable transaction during the week in question. The 2,282 sq ft unit on the fourth floor was sold for $3.78 million ($1,656 psf) on Aug 7; it had been purchased in March 2010 for $4.61 million ($2,019 psf). This resulted in a loss of approximately $826,700 or 18% over 13½ years.

This follows the sale of a 2,099 sq ft unit in May, which fetched $3.85 million ($1,834 psf) but was bought in August 2012 for $4.1 million ($1,953 psf). Though the seller profited, the gain of $250,000 was not substantial.

Equatorial Apartments, Teresa Ville and Orchard Scotts are all freehold developments, each with unique features and sizes. Those looking to invest can visit EdgeProp.sg to check out the latest listings for these properties.