Three-bedder at The Waterside sets record profit of $3.81 mil
Carried out in 1993, The Waterside is a freehold condominium situated along Tanjong Rhu Road in District 15. The development is adjacent to the Singapore Swimming Club and Dunman Secondary School, and is also near Katong Park MRT Stop on the Thomson-East Coast Line. It comprises 6 23-storey non commercial blocks, supplying three- and four-bedroom units varying from 2,142 to 2,433 sq ft.
One of the most profitable condo resell transaction 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 7th floor switched 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 generated a record income of $3.81 million (225.9%), or an annualised profit of 4.3% over approximately 28 years.
At the same time, the sale of a 755 sq ft unit at The Clift was the 2nd most worthless condo resale deal of the week. The one-bedder on the 32nd floor negotiated for $1.3 million ($1,677 psf) on Feb 25. The dealer, who acquired it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of approximately $816,075, or 38.6%. The seller had owned the unit for more than 14 1/2 years.
Based upon lodged warnings, this latest deal notes the very first unlucrative resale transaction 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.
This denotes the fifth most profitable resale deal at the property development to day. The record growth 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 actually previously negotiated for $2.8 million ($1,031 psf) in March 2007, which indicates the dealer made a profit of $3.68 million. This equates to an annualised revenue of 5% after a sustaining period of a little over 17 years.
Completed in 2012, Bishopgate Residences comprises a single residential block real estate 31 units. The development provides a mix of 3- to five-bedroom units spanning 2,433 to 5,974 sq ft. It is positioned inside the upscale Bishopgate– Chatsworth non commercial territory, near to the Indonesian consular office.
The agreement notes one of the most beneficial resale transaction to day at The Waterside. It tops the previous log gain 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 formerly negotiated for $1.75 million ($817 psf) in September 2006, concluding in the vendor producing an annualised earnings of 5.7% over roughly 19 years.
Lodged caveats reveal that the growth recorded 19 resale deals last year, 9 of which were unlucrative. The 9 units, varying from 495 to 775 sq ft, incurred losses of $24,600 to $731,000.
The Clift is a 99-year leasehold development located along McCallum Street in District 1. Finished in 2011, the condominium makes up 312 apartments and a single-storey retail podium. It supplies one- and two-bedroom apartment or condos measuring in between 495 and 818 sq ft, as well as one- and two-bedroom lofts ranging from 753 to 1,076 sq ft.
The most unprofitable resale deal throughout 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. Thus, the purchase led in a deficit of $1.86 million (17.5%), which equates to an annualised damage of 3.8% over 5 years.
The second-largest gain recorded throughout the week emerged 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 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 profit of 4% over a holding period of nearly 19 years.
