Three-bedder at The Waterside sets record profit of $3.81 mil
Completed in 1993, The Waterside is a freehold apartment located along Tanjong Rhu Road in District 15. The property development adjoins the Singapore Swimming Club and Dunman Senior High School, and is likewise near Katong Park MRT Stop on the Thomson-East Coast Line. It consists of 6 23-storey residential blocks, providing three- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
The agreement notes the most profitable resale deal to day at The Waterside. It tops the last log profit 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 seller producing an annualised revenue of 5.7% over almost 19 years.
Based upon lodged caveats, this latest offer notes the very first unprofitable resale deal at Bishopgate Residences. In 2025, the property development observed just one resale bargain: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
The second-largest gain reported throughout the week originated 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 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 income of 4% over a holding period of just about 19 years.
One of the most successful condo resell transaction during 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 seventh floor changed controls for $5.5 million ($2,281 psf) on Feb 25. The unit was in the past bought for $1.69 million ($700 psf) in April 1998. Therefore, the seller generated a record income of $3.81 million (225.9%), or an annualised profit of 4.3% over almost 28 years.
The Clift is a 99-year leasehold growth located around McCallum Street in District 1. Finished in 2011, the condominium consists of 312 homes and a single-storey retail platform. It provides one- and two-bedroom apartments measuring between 495 and 818 sq ft, as well as one- and two-bedroom loft spaces ranging from 753 to 1,076 sq ft.
Meanwhile, the transaction of a 755 sq ft unit at The Clift was the second most unprofitable condominium resale purchase of the week. The one-bedder on the 32nd story transacted for $1.3 million ($1,677 psf) on Feb 25. The dealer, who obtained it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of about $816,075, or 38.6%. The vendor had had the unit for greater than 14 1/2 years.
Lodged caveats show that the development videotaped 19 resale deals in 2025, 9 of which were unlucrative. The 9 units, ranging from 495 to 775 sq ft, incurred decreases of $24,600 to $731,000.
The remarkably profitless resell purchase during the time frame 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. Hence, the transaction resulted in a decline of $1.86 million (17.5%), that converts to an annualised damage of 3.8% over five years.
This denotes the fifth most profitable resale transaction at the property development to date. 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 actually previously negotiated for $2.8 million ($1,031 psf) in March 2007, which means the dealer made a profit of $3.68 million. This translates to an annualised earnings of 5% after a holding duration of a little over 17 years.
Completed in 2012, Bishopgate Residences makes up a single residential block housing 31 units. The property development provides a mix of three- to five-bedroom units extending 2,433 to 5,974 sq ft. It is positioned inside the upscale Bishopgate– Chatsworth non commercial territory, near to the Indonesian embassy.
