Three-bedder at The Waterside sets record profit of $3.81 mil
The agreement notes the most beneficial resale transaction to day at The Waterside. It tops the last record profit of $3.13 million, the moment a 2,142 sq ft unit brought $4.88 million ($2,278 psf) in April 2025. The three-bedder had actually previously transacted for $1.75 million ($817 psf) in September 2006, resulting in the vendor making an annualised revenue of 5.7% over almost 19 years.
Finalized in 2012, Bishopgate Residences consists of 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 situated inside the well-off Bishopgate– Chatsworth residential enclave, near the Indonesian consular office.
The Clift is a 99-year leasehold growth located along McCallum Street in District 1. Completed in 2011, the apartment comprises 312 apartment or condos and a single-storey retail platform. It supplies one- and two-bedroom apartment or condos estimating in between 495 and 818 sq ft, along with one- and two-bedroom loft spaces varying from 753 to 1,076 sq ft.
The remarkably profitless resale transaction throughout the period 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 fetched $10.66 million ($3,682 psf) in March 2021. Hence, the transaction resulted in a loss of $1.86 million (17.5%), which translates to an annualised damage of 3.8% over 5 years.
On the other hand, the purchase of a 755 sq ft unit at The Clift was the second most worthless condominium resale purchase of the week. The one-bedder on the 32nd floor worked out a deal for $1.3 million ($1,677 psf) on Feb 25. The seller, who obtained it in June 2011 for $2.06 million ($2,730 psf), incurred a loss of around $816,075, or 38.6%. The seller had had the unit for more than 14 1/2 years.
This marks the fifth most beneficial resale purchase at the project to date. 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 previously negotiated for $2.8 million ($1,031 psf) in March 2007, which means the seller made a gain of $3.68 million. This converts to an annualised profit of 5% after a holding duration of a little over 17 years.
Carried out in 1993, The Waterside is a freehold apartment situated along Tanjong Rhu Road in District 15. The property development adjoins the Singapore Swimming Club and Dunman High School, and is also near Katong Park MRT Station on the Thomson-East Coast Line. It makes up six 23-storey non commercial blocks, using 3- and four-bedroom units varying from 2,142 to 2,433 sq ft.
The most successful apartment resale purchase throughout 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 level switched hands for $5.5 million ($2,281 psf) on Feb 25. The unit was previously bought for $1.69 million ($700 psf) in April 1998. Hence, the seller generated a log revenue of $3.81 million (225.9%), or an annualised gain of 4.3% over almost 28 years.
Lodged caveats show that the growth videotaped 19 resale deals in 2025, nine of which were profitless. The 9 units, varying from 495 to 775 sq ft, incurred decreases of $24,600 to $731,000.
The second-largest gain documented 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 storey was purchased 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 earned a profit of $3.02 million (111%), or an annualised gain of 4% over a holding period of almost 19 years.
Based on lodged warnings, this most current bargain marks the very first unlucrative resale transaction at Bishopgate Residences. In 2025, the property development saw just one resale bargain: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
