Three-bedder at The Waterside sets record profit of $3.81 mil
Based upon lodged warnings, this most current deal notes the initial unlucrative resale transaction at Bishopgate Residences. In 2025, the development observed just one resale bargain: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
The most successful condominium resale purchase throughout 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 seventh floor switched controls for $5.5 million ($2,281 psf) on Feb 25. The unit was in the past acquired for $1.69 million ($700 psf) in April 1998. Therefore, the seller raked in a record income of $3.81 million (225.9%), or an annualised gain of 4.3% over almost 28 years.
This denotes the fifth most beneficial resale transaction at the development to date. The record gain belongs to the sale of a 2,713 sq ft four-bedder for $6.48 million ($2,389 psf) in April 2024. The unit had actually formerly transacted for $2.8 million ($1,031 psf) in March 2007, which suggests the vendor made a gain of $3.68 million. This translates to an annualised profit of 5% after a keeping duration of slightly over 17 years.
Lodged caveats reveal that the development tape-recorded 19 resale deals in 2025, nine of that were profitless. The 9 units, varying from 495 to 775 sq ft, sustained decreases of $24,600 to $731,000.
Completed in 2012, Bishopgate Residences comprises a single residential block real estate 31 units. The development provides a mix of 3- to five-bedroom units covering 2,433 to 5,974 sq ft. It is situated inside the upscale Bishopgate– Chatsworth housing territory, close to the Indonesian embassy.
On the other hand, the transaction of a 755 sq ft unit at The Clift was the 2nd most unlucrative apartment resale deal of the week. The one-bedder on the 32nd floor settled for $1.3 million ($1,677 psf) on Feb 25. The vendor, that got it in June 2011 for $2.06 million ($2,730 psf), incurred a loss of approximately $816,075, or 38.6%. The vendor had had the unit for more than 14 1/2 years.
Completed in 1993, The Waterside is a freehold condominium situated around Tanjong Rhu Road in District 15. The property development adjoins the Singapore Swimming Club and Dunman High School, and is additionally near Katong Park MRT Terminal on the Thomson-East Coast Line. It consists of six 23-storey residential blocks, providing three- and four-bedroom units varying from 2,142 to 2,433 sq ft.
The remarkably unlucrative resell purchase during the time frame in review happened at Bishopgate Residences, a freehold apartment 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. Therefore, the purchase led in a deficit of $1.86 million (17.5%), that converts to an annualised damage of 3.8% over five years.
The transaction marks one of the most valuable resale purchase to date at The Waterside. It tops the previous record gain of $3.13 million, when a 2,142 sq ft unit obtained $4.88 million ($2,278 psf) in April 2025. The three-bedder had actually previously worked out a deal for $1.75 million ($817 psf) in September 2006, concluding in the vendor creating an annualised earnings of 5.7% over nearly 19 years.
The second-largest gain documented during the week emerged from the sale of a three-bedroom unit at Sky@Eleven, along Thomson Lane. The 2,271 sq ft unit on the 37th storey was bought for $2.73 million ($1,200 psf) in May 2007 and changed hands for $5.75 million ($2,532 psf) on Feb 26. Hence, the seller earned a profit of $3.02 million (111%), or an annualised gain of 4% over a holding period of almost 19 years.
The Clift is a 99-year leasehold growth located around McCallum Street in Area 1. Completed in 2011, the condominium comprises 312 apartments and a single-storey retail platform. It offers one- and two-bedroom apartment or condos measuring between 495 and 818 sq ft, as well as one- and two-bedroom lofts varying from 753 to 1,076 sq ft.
