Three-bedder at The Waterside sets record profit of $3.81 mil
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 floor 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 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 likewise near Katong Park MRT Stop on the Thomson-East Coast Line. It makes up 6 23-storey non commercial blocks, providing 3- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
Lodged caveats reveal that the property development tape-recorded 19 resale deals last year, 9 of that were profitless. The nine units, ranging from 495 to 775 sq ft, incurred losses of $24,600 to $731,000.
On the other hand, the purchase of a 755 sq ft unit at The Clift was the 2nd most unprofitable condominium resale purchase of the week. The one-bedder on the 32nd floor transacted for $1.3 million ($1,677 psf) on Feb 25. The vendor, that acquired it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of around $816,075, or 38.6%. The seller had had the unit for more than 14 1/2 years.
The Clift is a 99-year leasehold growth located along McCallum Street in District 1. Completed in 2011, the condo makes up 312 homes and a single-storey retail podium. It uses one- and two-bedroom apartment or condos estimating between 495 and 818 sq ft, along with one- and two-bedroom loft spaces ranging from 753 to 1,076 sq ft.
The deal marks one of the most valuable resale purchase to day at The Waterside. It tops the past record profit 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 previously worked out a deal for $1.75 million ($817 psf) in September 2006, resulting in the vendor producing an annualised profit of 5.7% over just about 19 years.
The most valuable apartment resell deal in the middle of 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 level switched controls for $5.5 million ($2,281 psf) on Feb 25. The unit was formerly acquired for $1.69 million ($700 psf) in April 1998. Hence, the seller generated a record profit of $3.81 million (225.9%), or an annualised profit of 4.3% over nearly 28 years.
The remarkably profitless resale transaction throughout the period in review happened at Bishopgate Residences, a freehold 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 formerly brought $10.66 million ($3,682 psf) in March 2021. Thus, the purchase led in a decline of $1.86 million (17.5%), that converts to an annualised damage of 3.8% over 5 years.
This notes the fifth most beneficial resale purchase at the project 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 previously negotiated for $2.8 million ($1,031 psf) in March 2007, that suggests the vendor made a gain of $3.68 million. This equates to an annualised earnings of 5% after a holding duration of slightly over 17 years.
Finished in 2012, Bishopgate Residences comprises a single residential block housing 31 units. The development offers a mix of three- to five-bedroom units extending 2,433 to 5,974 sq ft. It is situated within the affluent Bishopgate– Chatsworth housing enclave, near to the Indonesian embassy.
Based upon lodged cautions, this most current bargain marks the first unlucrative resale deal at Bishopgate Residences. In 2025, the property development found just one resale bargain: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
