Three-bedder at The Waterside sets record profit of $3.81 mil
Based on lodged caveats, this most current deal marks the initial unlucrative resale purchase at Bishopgate Residences. In 2025, the development observed just one resale offer: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
Finalized in 2012, Bishopgate Residences makes up a single residential block real estate 31 units. The property development provides a mix of three- to five-bedroom units spanning 2,433 to 5,974 sq ft. It is situated inside the well-off Bishopgate– Chatsworth residential territory, near to the Indonesian embassy.
Meanwhile, the transaction of a 755 sq ft unit at The Clift was the 2nd most unsuccessful apartment resale deal of the week. The one-bedder on the 32nd level worked out a deal for $1.3 million ($1,677 psf) on Feb 25. The seller, that obtained it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of approximately $816,075, or 38.6%. The vendor had possessed the unit for greater than 14 1/2 years.
The Clift is a 99-year leasehold growth situated around McCallum Street in District 1. Finished in 2011, the apartment consists of 312 apartments and a single-storey retail podium. It supplies one- and two-bedroom apartment or condos estimating in between 495 and 818 sq ft, in addition to one- and two-bedroom loft spaces varying from 753 to 1,076 sq ft.
The most unlucrative resale deal during the duration 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 deal resulted in a decline of $1.86 million (17.5%), that translates to an annualised damage of 3.8% over 5 years.
Finished in 1993, The Waterside is a freehold condo situated along Tanjong Rhu Road in District 15. The property development adjoins the Singapore Swimming Club and Dunman Senior High School, and is additionally near Katong Park MRT Stop on the Thomson-East Coast Line. It consists of six 23-storey non commercial blocks, offering 3- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
The second-largest gain documented throughout the week originated from the sale of a three-bedroom unit at Sky@Eleven, throughout 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 changed 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 almost 19 years.
The deal notes 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 brought $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, resulting in the dealer producing an annualised revenue of 5.7% over roughly 19 years.
One of the most valuable condominium resale deal throughout 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 floor switched controls for $5.5 million ($2,281 psf) on Feb 25. The unit was formerly purchased for $1.69 million ($700 psf) in April 1998. Thus, the seller generated a log revenue of $3.81 million (225.9%), or an annualised profit of 4.3% over approximately 28 years.
This marks the fifth most profitable resale deal at the project to date. The record gain 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 formerly negotiated for $2.8 million ($1,031 psf) in March 2007, which suggests the vendor made a yield of $3.68 million. This translates to an annualised profit of 5% after a keeping time frame of a little over 17 years.
Lodged caveats show that the growth recorded 19 resale deals last year, 9 of that were profitless. The nine units, ranging from 495 to 775 sq ft, sustained decreases of $24,600 to $731,000.
