Last month Katsumi Tada, a Japanese millionaire, experienced the largest sale loss of an apartment in Singapore. The loss was of $15.8 million for the sale of St. Regis penthouse which was originally purchased in May of 2007 for $28 million and sold last month for $12.2 million.

For a high end residence in that area, even those watching the market could see that the per square foot price was a bargain for Parc Life EC. Tada’s previously owned unit was picked up for a mere $2,028 per square foot in comparison to nearby luxury apartments with a price range of $2,500 to $3,000 per square foot.

Parc Life EC in Sembawang

According to experts however, if one were to take into account the fluctuation in exchange rates of Singapore’s dollar compared to the Japanese yen, the shortfall equates to a much smaller figure of $12.9 million in Sembawang Parc …