Three-bedder at The Waterside sets record profit of $3.81 mil
The most unlucrative resell deal throughout the duration in review took place at Bishopgate Residences, a freehold condo 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 previously fetched $10.66 million ($3,682 psf) in March 2021. Hence, the deal turned out in a loss of $1.86 million (17.5%), which translates to an annualised loss of 3.8% over five years.
This marks the fifth most profitable resale deal at the property development to day. The record growth 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 previously transacted for $2.8 million ($1,031 psf) in March 2007, which suggests the vendor made a profit of $3.68 million. This equates to an annualised profit of 5% after a holding duration of slightly over 17 years.
Completed in 1993, The Waterside is a freehold apartment situated around Tanjong Rhu Road in District 15. The development is adjacent to the Singapore Swimming Club and Dunman Secondary School, and is additionally near Katong Park MRT Terminal on the Thomson-East Coast Line. It makes up 6 23-storey residential blocks, offering 3- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
One of the most successful condo resale purchase in the middle of the week of Feb 24 to March 3 was the purchase of a three-bedroom unit at The Waterside. The 2,411 sq ft unit on the 7th level shifted hands for $5.5 million ($2,281 psf) on Feb 25. The unit was previously purchased for $1.69 million ($700 psf) in April 1998. Thus, the seller generated a log profit of $3.81 million (225.9%), or an annualised profit of 4.3% over almost 28 years.
The agreement notes one of the most profitable resale deal to day at The Waterside. It tops the previous log gain of $3.13 million, the moment 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, concluding in the vendor making an annualised earnings of 5.7% over roughly 19 years.
At the same time, the purchase of a 755 sq ft unit at The Clift was the second most unsuccessful apartment resale purchase of the week. The one-bedder on the 32nd level settled for $1.3 million ($1,677 psf) on Feb 25. The dealer, that acquired it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of approximately $816,075, or 38.6%. The seller had owned the unit for more than 14 1/2 years.
Finished in 2012, Bishopgate Residences comprises a single residential block real estate 31 units. The development offers a mix of three- to five-bedroom units covering 2,433 to 5,974 sq ft. It is positioned inside the well-off Bishopgate– Chatsworth residential territory, near to the Indonesian consular office.
The Clift is a 99-year leasehold development located along McCallum Street in Area 1. Finished in 2011, the condo makes up 312 homes and a single-storey retail platform. It offers one- and two-bedroom houses measuring between 495 and 818 sq ft, in addition to one- and two-bedroom loft spaces ranging from 753 to 1,076 sq ft.
Based on lodged warnings, this latest bargain notes the very first unprofitable resale deal at Bishopgate Residences. In 2025, the development saw just one resale deal: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
The second-largest gain recorded throughout 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 floor was acquired for $2.73 million ($1,200 psf) in May 2007 and shifted 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 gain of 4% over a holding period of almost 19 years.
Lodged caveats reveal that the development videotaped 19 resale deals last year, nine of that were unlucrative. The 9 units, ranging from 495 to 775 sq ft, sustained losses of $24,600 to $731,000.
