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Singaporean billioniare Tay Tee Peng has sold Memocorp's East Circular Quay apartment.
It was the weekend's top sale at $3,825,000.
Having been bought in the Toaster complex at 1 Macquarie Street at $1.96 million in 1999, its price growth over the 16 years was at just over 4% a year.
The two bedroom, two bathroom sold through <a href="https://www.domain.com.au/property/for-sale/apartment-unit-flat/nsw/sydney/?adid=2011907819" target="_blank">Morton &amp; Morton</a>.
Tay, ranked Singapore's 25th richest in the latest Forbes rich list, recently sold the <a href="/news/40736-singaporean-billionaire-tay-tee-peng-sells-in-dover-heights" target="_blank">Dover Heights property</a> which comes with panoramic ocean views.
Tay Tee Peng has commercial properties through his private investment company Memocorp, including Suncorp Plaza which was bought for $395 million in 2011.
The Tay family is known throughout Asia for its chain of affordable OG department stores, started in Indonesia as shirtmaker Ocean Garments.
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