Three-bedder at The Waterside sets record profit of $3.81 mil
The deal marks one of the most beneficial resale deal to day at The Waterside. It tops the past record gain of $3.13 million, the moment a 2,142 sq ft unit fetched $4.88 million ($2,278 psf) in April 2025. The three-bedder had previously negotiated for $1.75 million ($817 psf) in September 2006, concluding in the vendor creating an annualised profit of 5.7% over just about 19 years.
The remarkably unprofitable resale deal during the period in review occurred at Bishopgate Residences, a property condominium in prime District 10. The 2,896 sq ft, four-bedroom unit was cost $8.8 million ($3,039 psf) on Feb 27. The unit formerly brought $10.66 million ($3,682 psf) in March 2021. Hence, the deal resulted in a decline of $1.86 million (17.5%), that translates to an annualised damage of 3.8% over 5 years.
The Clift is a 99-year leasehold development situated around McCallum Street in Area 1. Finished in 2011, the apartment consists of 312 houses and a single-storey retail podium. It supplies one- and two-bedroom homes estimating in between 495 and 818 sq ft, along with one- and two-bedroom loft spaces ranging from 753 to 1,076 sq ft.
One of the most profitable condo resell transaction in the middle of the week of Feb 24 to March 3 was the profit of a three-bedroom unit at The Waterside. The 2,411 sq ft unit on the 7th level changed hands for $5.5 million ($2,281 psf) on Feb 25. The unit was in the past purchased for $1.69 million ($700 psf) in April 1998. Hence, the seller generated a record profit of $3.81 million (225.9%), or an annualised gain of 4.3% over nearly 28 years.
Completed in 2012, Bishopgate Residences comprises a single residential block housing 31 units. The development offers a mix of three- to five-bedroom units spanning 2,433 to 5,974 sq ft. It is situated inside the upscale Bishopgate– Chatsworth residential enclave, near the Indonesian consular office.
The second-largest gain recorded throughout the week came from the sale of a three-bedroom unit at Sky@Eleven, throughout Thomson Lane. The 2,271 sq ft unit on the 37th floor was acquired for $2.73 million ($1,200 psf) in May 2007 and switched hands for $5.75 million ($2,532 psf) on Feb 26. Hence, the seller made a profit of $3.02 million (111%), or an annualised profit of 4% over a holding period of almost 19 years.
Based on lodged cautions, this newest bargain notes the very first unlucrative resale deal at Bishopgate Residences. In 2025, the growth observed just one resale deal: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
This marks the fifth most profitable resale purchase at the property development to day. The record gain comes from the sale of a 2,713 sq ft four-bedder for $6.48 million ($2,389 psf) in April 2024. The unit had formerly pulled off for $2.8 million ($1,031 psf) in March 2007, that indicates the seller made a yield of $3.68 million. This equates to an annualised revenue of 5% after a keeping duration of slightly over 17 years.
Completed in 1993, The Waterside is a freehold condominium situated along Tanjong Rhu Road in District 15. The development adjoins the Singapore Swimming Club and Dunman Secondary School, and is also near Katong Park MRT Terminal on the Thomson-East Coast Line. It consists of 6 23-storey residential blocks, offering three- and four-bedroom units varying from 2,142 to 2,433 sq ft.
Meanwhile, the transaction of a 755 sq ft unit at The Clift was the second most unprofitable condo resale transaction of the week. The one-bedder on the 32nd level transacted for $1.3 million ($1,677 psf) on Feb 25. The dealer, who got it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of about $816,075, or 38.6%. The vendor had actually possessed the unit for greater than 14 1/2 years.
Lodged caveats reveal that the property development taped 19 resale deals last year, 9 of which were profitless. The nine units, varying from 495 to 775 sq ft, sustained losses of $24,600 to $731,000.
