Three-bedder at The Waterside sets record profit of $3.81 mil
Completed in 1993, The Waterside is a freehold condominium situated around Tanjong Rhu Road in District 15. The 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 six 23-storey residential blocks, using three- and four-bedroom units varying from 2,142 to 2,433 sq ft.
On the other hand, the purchase of a 755 sq ft unit at The Clift was the second most unsuccessful condominium resale transaction of the week. The one-bedder on the 32nd floor negotiated 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), sustained a loss of approximately $816,075, or 38.6%. The seller had had the unit for greater than 14 1/2 years.
The Clift is a 99-year leasehold advancement located around McCallum Street in Area 1. Finished in 2011, the condominium makes up 312 apartment or condos and a single-storey retail platform. It uses one- and two-bedroom houses estimating between 495 and 818 sq ft, along with one- and two-bedroom lofts ranging from 753 to 1,076 sq ft.
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 previously negotiated for $2.8 million ($1,031 psf) in March 2007, which implies the seller made a profit of $3.68 million. This equates to an annualised revenue of 5% after a sustaining period of slightly over 17 years.
The remarkably unlucrative resale purchase during the period in review occurred at Bishopgate Residences, a property apartment 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 brought $10.66 million ($3,682 psf) in March 2021. Hence, the purchase resulted in a deficit of $1.86 million (17.5%), which translates to an annualised loss of 3.8% over 5 years.
Lodged caveats reveal that the property development taped 19 resale deals last year, 9 of that were profitless. The nine units, ranging from 495 to 775 sq ft, sustained decreases of $24,600 to $731,000.
One of the most profitable condominium resale purchase throughout the week of Feb 24 to March 3 was the profit of a three-bedroom unit at The Waterside. The 2,411 sq ft unit on the seventh floor shifted controls for $5.5 million ($2,281 psf) on Feb 25. The unit was in the past purchased for $1.69 million ($700 psf) in April 1998. Thus, the seller raked in a log income of $3.81 million (225.9%), or an annualised gain of 4.3% over almost 28 years.
The second-largest gain reported during the week originated from the sale of a three-bedroom unit at Sky@Eleven, along Thomson Lane. The 2,271 sq ft unit on the 37th storey was bought 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.
Completed in 2012, Bishopgate Residences comprises a single residential block real estate 31 units. The property development provides a mix of three- to five-bedroom units spanning 2,433 to 5,974 sq ft. It is situated within the upscale Bishopgate– Chatsworth housing enclave, near the Indonesian embassy.
Based on lodged caveats, this most current bargain notes the initial unlucrative resale transaction at Bishopgate Residences. In 2025, the development observed just one resale offer: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
The transaction notes the most beneficial resale purchase to day at The Waterside. It tops the last record 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 vendor making an annualised profit of 5.7% over almost 19 years.
