Three-bedder at The Waterside sets record profit of $3.81 mil
The Clift is a 99-year leasehold growth situated around McCallum Street in Area 1. Finished in 2011, the condominium makes up 312 apartment or condos and a single-storey retail podium. It uses one- and two-bedroom homes estimating between 495 and 818 sq ft, along with one- and two-bedroom loft spaces varying from 753 to 1,076 sq ft.
Finalized 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 positioned inside the upscale Bishopgate– Chatsworth non commercial enclave, close to the Indonesian consular office.
This marks the fifth most profitable resale transaction at the property development to date. The record gain 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 means the dealer made a profit of $3.68 million. This equates to an annualised earnings of 5% after a holding period of somewhat over 17 years.
Meanwhile, the sale of a 755 sq ft unit at The Clift was the second most unlucrative condo resale transaction of the week. The one-bedder on the 32nd level negotiated 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 possessed the unit for more than 14 1/2 years.
The remarkably unlucrative resale deal throughout the time frame in review happened 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. Hence, the purchase turned out in a loss of $1.86 million (17.5%), that translates to an annualised damage of 3.8% over 5 years.
Based upon lodged caveats, this latest deal notes the initial profitless resale purchase at Bishopgate Residences. In 2025, the property development observed just one resale bargain: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
Lodged caveats show that the development tape-recorded 19 resale deals in 2025, 9 of which were unlucrative. The nine units, ranging from 495 to 775 sq ft, sustained losses of $24,600 to $731,000.
The deal notes the most beneficial resale transaction to day at The Waterside. It tops the past 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 worked out a deal for $1.75 million ($817 psf) in September 2006, concluding in the dealer making an annualised profit of 5.7% over nearly 19 years.
One of the most profitable apartment resale 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 seventh level switched 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 raked in a record income of $3.81 million (225.9%), or an annualised profit of 4.3% over almost 28 years.
Completed in 1993, The Waterside is a freehold apartment 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 Stop on the Thomson-East Coast Line. It comprises 6 23-storey residential blocks, using three- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
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 purchased 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 gain of 4% over a holding period of nearly 19 years.
