Three-bedder at The Waterside sets record profit of $3.81 mil
The second-largest gain reported during 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 level 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 profit of 4% over a holding period of just about 19 years.
Completed in 2012, Bishopgate Residences comprises a single residential block housing 31 units. The development provides a mix of 3- to five-bedroom units covering 2,433 to 5,974 sq ft. It is positioned within the well-off Bishopgate– Chatsworth non commercial territory, near to the Indonesian embassy.
Carried out in 1993, The Waterside is a freehold condo located along Tanjong Rhu Road in District 15. The property development is adjacent to the Singapore Swimming Club and Dunman High School, and is likewise near Katong Park MRT Stop on the Thomson-East Coast Line. It makes up 6 23-storey residential blocks, offering three- and four-bedroom units varying from 2,142 to 2,433 sq ft.
The most profitable condo resale purchase during the week of Feb 24 to March 3 was the sale of a three-bedroom unit at The Waterside. The 2,411 sq ft unit on the 7th floor changed controls for $5.5 million ($2,281 psf) on Feb 25. The unit was formerly acquired for $1.69 million ($700 psf) in April 1998. Hence, the seller raked in a record income of $3.81 million (225.9%), or an annualised profit of 4.3% over approximately 28 years.
The agreement notes one of the most profitable resale purchase to date at The Waterside. It tops the last log 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 formerly worked out a deal for $1.75 million ($817 psf) in September 2006, resulting in the dealer producing an annualised earnings of 5.7% over almost 19 years.
The Clift is a 99-year leasehold growth situated along McCallum Street in Area 1. Finished in 2011, the condominium consists of 312 apartments and a single-storey retail podium. It offers one- and two-bedroom homes measuring between 495 and 818 sq ft, as well as one- and two-bedroom lofts ranging from 753 to 1,076 sq ft.
Lodged caveats reveal that the property development videotaped 19 resale deals in 2025, nine of that were unprofitable. The nine units, varying from 495 to 775 sq ft, sustained decreases of $24,600 to $731,000.
Meanwhile, the transaction of a 755 sq ft unit at The Clift was the 2nd most worthless apartment resale purchase of the week. The one-bedder on the 32nd level worked out a deal for $1.3 million ($1,677 psf) on Feb 25. The vendor, who obtained it in June 2011 for $2.06 million ($2,730 psf), incurred a loss of about $816,075, or 38.6%. The vendor had possessed the unit for greater than 14 1/2 years.
Based upon lodged caveats, this latest offer notes the very first unprofitable resale deal at Bishopgate Residences. In 2025, the property development saw just one resale deal: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
The most unlucrative resell transaction throughout the duration in review happened at Bishopgate Residences, an estate condominium in prime District 10. The 2,896 sq ft, four-bedroom unit was sold for $8.8 million ($3,039 psf) on Feb 27. The unit formerly brought $10.66 million ($3,682 psf) in March 2021. Therefore, the deal resulted in a loss of $1.86 million (17.5%), that converts to an annualised loss of 3.8% over five years.
This marks the fifth most profitable resale purchase at the development to day. The record growth 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 previously pulled off for $2.8 million ($1,031 psf) in March 2007, that indicates the vendor made a profit of $3.68 million. This translates to an annualised revenue of 5% after a sustaining duration of a little over 17 years.
