Three-bedder at The Waterside sets record profit of $3.81 mil
The most profitless resell purchase throughout the duration 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 previously fetched $10.66 million ($3,682 psf) in March 2021. Hence, the transaction led in a deficit of $1.86 million (17.5%), which translates to an annualised damage of 3.8% over five years.
One of the most valuable condominium 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 seventh floor switched hands 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 raked in a log revenue of $3.81 million (225.9%), or an annualised gain of 4.3% over almost 28 years.
The Clift is a 99-year leasehold growth situated around McCallum Street in Area 1. Finished in 2011, the apartment comprises 312 apartments and a single-storey retail podium. It supplies one- and two-bedroom houses assessing in between 495 and 818 sq ft, as well as one- and two-bedroom lofts ranging from 753 to 1,076 sq ft.
This notes the fifth most beneficial resale purchase 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 formerly negotiated for $2.8 million ($1,031 psf) in March 2007, that indicates the seller made a profit of $3.68 million. This equates to an annualised profit of 5% after a sustaining period of slightly over 17 years.
The second-largest gain reported during the week came from the sale of a three-bedroom unit at Sky@Eleven, along 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 changed 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 nearly 19 years.
Completed in 2012, Bishopgate Residences consists of a single residential block real estate 31 units. The property development offers a mix of three- to five-bedroom units extending 2,433 to 5,974 sq ft. It is situated within the upscale Bishopgate– Chatsworth residential enclave, near the Indonesian consular office.
Lodged caveats reveal that the growth recorded 19 resale deals in 2025, nine of that were profitless. The nine units, ranging from 495 to 775 sq ft, sustained decreases of $24,600 to $731,000.
The deal notes the most profitable resale purchase to date at The Waterside. It tops the last record gain of $3.13 million, when a 2,142 sq ft unit fetched $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, concluding in the vendor creating an annualised revenue 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 deal of the week. The one-bedder on the 32nd level settled for $1.3 million ($1,677 psf) on Feb 25. The dealer, that obtained it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of around $816,075, or 38.6%. The vendor had actually owned the unit for greater than 14 1/2 years.
Based upon lodged warnings, this latest bargain notes the initial unprofitable resale purchase at Bishopgate Residences. In 2025, the development saw just one resale offer: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
Completed in 1993, The Waterside is a freehold apartment located along Tanjong Rhu Road in District 15. The development is adjacent to the Singapore Swimming Club and Dunman High School, and is additionally near Katong Park MRT Terminal on the Thomson-East Coast Line. It consists of 6 23-storey non commercial blocks, supplying three- and four-bedroom units varying from 2,142 to 2,433 sq ft.
