Three-bedder at The Waterside sets record profit of $3.81 mil
Carried out in 1993, The Waterside is a freehold condominium located along Tanjong Rhu Road in District 15. The property development is adjacent to the Singapore Swimming Club and Dunman Senior High School, and is additionally near Katong Park MRT Station on the Thomson-East Coast Line. It comprises 6 23-storey non commercial blocks, providing three- and four-bedroom units varying from 2,142 to 2,433 sq ft.
One of the most profitable condo resale purchase 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 7th level shifted 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. Hence, the seller generated a record revenue of $3.81 million (225.9%), or an annualised profit of 4.3% over nearly 28 years.
On the other hand, the transaction of a 755 sq ft unit at The Clift was the 2nd most unlucrative apartment resale purchase of the week. The one-bedder on the 32nd level negotiated for $1.3 million ($1,677 psf) on Feb 25. The vendor, who 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 owned the unit for more than 14 1/2 years.
Based on lodged warnings, this most current bargain marks the very first unprofitable resale transaction 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 Clift is a 99-year leasehold development located around McCallum Street in District 1. Finished in 2011, the condo consists of 312 apartments and a single-storey retail podium. It provides one- and two-bedroom apartments assessing in between 495 and 818 sq ft, in addition to one- and two-bedroom loft spaces ranging from 753 to 1,076 sq ft.
The second-largest gain recorded during the week emerged 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 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 earned a profit of $3.02 million (111%), or an annualised income of 4% over a holding period of nearly 19 years.
The agreement notes one of the most profitable resale deal to date at The Waterside. It tops the last log gain of $3.13 million, when a 2,142 sq ft unit brought $4.88 million ($2,278 psf) in April 2025. The three-bedder had actually formerly negotiated for $1.75 million ($817 psf) in September 2006, resulting in the vendor creating an annualised earnings of 5.7% over nearly 19 years.
Finalized 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 positioned inside the affluent Bishopgate– Chatsworth housing territory, close to the Indonesian consular office.
This marks the fifth most profitable resale purchase at the development to date. 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 formerly negotiated for $2.8 million ($1,031 psf) in March 2007, which indicates the vendor made a yield of $3.68 million. This converts to an annualised profit of 5% after a keeping period of somewhat over 17 years.
The remarkably profitless resale transaction throughout the time frame in review took place at Bishopgate Residences, a property condominium 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 previously brought $10.66 million ($3,682 psf) in March 2021. Therefore, the deal led in a loss of $1.86 million (17.5%), which translates to an annualised loss of 3.8% over five years.
Lodged caveats show that the property development videotaped 19 resale deals in 2025, nine of that were unlucrative. The nine units, varying from 495 to 775 sq ft, incurred decreases of $24,600 to $731,000.
