Three-bedder at The Waterside sets record profit of $3.81 mil
Based on lodged caveats, this latest deal marks the initial profitless resale transaction at Bishopgate Residences. In 2025, the growth observed just one resale offer: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
The Clift is a 99-year leasehold advancement situated around McCallum Street in Area 1. Finished in 2011, the condo comprises 312 apartments and a single-storey retail podium. It supplies one- and two-bedroom apartments estimating between 495 and 818 sq ft, as well as one- and two-bedroom lofts ranging from 753 to 1,076 sq ft.
This denotes the fifth most profitable resale transaction at the project 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 previously negotiated for $2.8 million ($1,031 psf) in March 2007, that means the vendor made a yield of $3.68 million. This converts to an annualised earnings of 5% after a keeping time frame of somewhat over 17 years.
Meanwhile, the sale of a 755 sq ft unit at The Clift was the second most unprofitable condominium 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 acquired it in June 2011 for $2.06 million ($2,730 psf), incurred a loss of approximately $816,075, or 38.6%. The seller had actually owned the unit for more than 14 1/2 years.
Completed in 2012, Bishopgate Residences makes up a single residential block real estate 31 units. The development provides a mix of three- to five-bedroom units covering 2,433 to 5,974 sq ft. It is positioned within the affluent Bishopgate– Chatsworth housing territory, near to the Indonesian consular office.
Finished in 1993, The Waterside is a freehold condo situated around Tanjong Rhu Road in District 15. The property development adjoins the Singapore Swimming Club and Dunman Secondary School, and is also near Katong Park MRT Station on the Thomson-East Coast Line. It comprises 6 23-storey residential blocks, supplying 3- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
One of the most valuable condominium resale transaction throughout the week of Feb 24 to March 3 was the sale 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 formerly bought for $1.69 million ($700 psf) in April 1998. Thus, the seller generated a record revenue of $3.81 million (225.9%), or an annualised profit 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 acquired 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 earned a profit of $3.02 million (111%), or an annualised gain of 4% over a holding period of just about 19 years.
The most profitless resale deal throughout the time frame 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 deal led in a decline of $1.86 million (17.5%), that equates to an annualised loss of 3.8% over five years.
The transaction marks one of the most beneficial resale purchase to day at The Waterside. It tops the past record profit of $3.13 million, the moment a 2,142 sq ft unit obtained $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 producing an annualised earnings of 5.7% over just about 19 years.
Lodged caveats reveal that the property development recorded 19 resale deals in 2025, nine of which were profitless. The 9 units, ranging from 495 to 775 sq ft, incurred losses of $24,600 to $731,000.
