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Besides, the upcoming Great World MRT provides seamless connection to other parts of Zion Road Condo. The MRT station is expected to be open in 2021 and is situated a short 5-minute stroll away from the property. This new MRT line will add to the convenience of an already established public transport network.

The 2,497 sq ft unit at Equatorial Apartments changed hands for $4.55 million ($1,822 psf) on Aug 3, making it the most profitable condo resale transaction during the week of Aug 1 to 8. The sale marked a new psf-price high for the development, surpassing the previous high of $1,782 psf logged in February when a 2,497 sq ft unit was sold for $4.45 million. The unit had been purchased by the seller in October 2003 for $1.14 million ($456 psf), leading to a capital gain of 300% over a holding period of nearly 20 years.

Located on Meyer Road in District 15, Equatorial Apartments is a freehold boutique condo built in 1981 with a total of 61 units housed in a 16-storey block. Typical units comprise four-bedroom apartments ranging from 2,411 to 2,497 sq ft. There are also penthouses of between 2,691 and 5,565 sq ft. This is the most profitable transaction to have been recorded at the development thus far, beating the record established back in May 2007, when a 5,382 sq ft penthouse was sold at $5.1 million ($948 psf).

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The second most profitable transaction recorded during the same week was the sale of a 1,981 sq ft unit at Teresa Ville for $3.15 million ($1,590 psf). The three-bedroom unit had been purchased in June 1998 for $1.005 million ($507 psf). Thus, the seller gained a huge profit of $2.155 million (213%) after holding the unit for slightly over 25 years. This is the second most profitable transaction registered at Teresa Ville. Earlier this year, a 1,981 sq ft, three-bedroom apartment was sold for $3.28 million ($1,656 psf), leading to a profit of $2.32 million or 242%.

Teresa Ville is a 264-unit freehold development located along Lower Delta Road in District 4. Completed in 1986, the development comprises three blocks housing a mix of two-, three- and four-bedroom units measuring between 1,356 and 3,972 sq ft.

On the flip side, the most unprofitable transaction during the week in review was the sale of a four-bedroom-plus-study apartment at Orchard Scotts. 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). Hence, the seller incurred a loss of about $826,700 or 18% over a holding period of nearly 13½ years. This is the second unit at Orchard Scotts to change hands this year. In May, a 2,099 sq ft unit was sold for $3.85 million ($1,834 psf). The seller had bought the unit in August 2012 for $4.1 million ($1,953 psf), making this a loss of $250,000 on the sale.

Orchard Scotts is a 99-year leasehold development on Anthony Road, off Clemenceau Avenue North in prime District 9. Developed by Far East Organization, it was completed in 2008. The 387-unit development has two- to five-bedroom apartments of 936 to 4,435 sq ft.

For the most updated property news and listings, head to EdgeProp.sg. Check out the latest listings for Equatorial Apartments, Teresa Ville, and Orchard Scotts properties.