Three-bedder at The Waterside sets record profit of $3.81 mil
The deal marks the most profitable resale transaction to date at The Waterside. It tops the last record gain 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 previously transacted for $1.75 million ($817 psf) in September 2006, concluding in the dealer creating an annualised revenue of 5.7% over just about 19 years.
Based on lodged caveats, this newest offer notes the first unprofitable resale deal at Bishopgate Residences. In 2025, the growth found just one resale bargain: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
One of the most successful condominium resale deal during 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 7th floor changed 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. Therefore, the seller raked in a log income of $3.81 million (225.9%), or an annualised profit of 4.3% over approximately 28 years.
The Clift is a 99-year leasehold development located around McCallum Street in District 1. Completed in 2011, the condo comprises 312 apartments and a single-storey retail platform. It uses one- and two-bedroom houses measuring in between 495 and 818 sq ft, as well as one- and two-bedroom loft spaces ranging from 753 to 1,076 sq ft.
This notes the fifth most beneficial resale transaction at the project to day. 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 previously pulled off for $2.8 million ($1,031 psf) in March 2007, which suggests the seller made a profit of $3.68 million. This converts to an annualised revenue of 5% after a holding time frame of somewhat over 17 years.
The most profitless resell purchase during the duration in review happened at Bishopgate Residences, a property condo 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 resulted in a loss of $1.86 million (17.5%), that equates to an annualised loss of 3.8% over 5 years.
Carried out in 1993, The Waterside is a freehold condominium located around Tanjong Rhu Road in District 15. The development adjoins the Singapore Swimming Club and Dunman Secondary School, and is likewise near Katong Park MRT Station on the Thomson-East Coast Line. It comprises 6 23-storey non commercial blocks, offering 3- and four-bedroom units varying from 2,142 to 2,433 sq ft.
The second-largest gain recorded 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 storey 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 made a profit of $3.02 million (111%), or an annualised income of 4% over a holding period of nearly 19 years.
Lodged caveats show that the property development taped 19 resale deals last year, nine of which were profitless. The 9 units, ranging from 495 to 775 sq ft, sustained losses of $24,600 to $731,000.
Finalized in 2012, Bishopgate Residences makes up a single residential block real estate 31 units. The property development offers a mix of 3- to five-bedroom units extending 2,433 to 5,974 sq ft. It is situated within the well-off Bishopgate– Chatsworth housing territory, near the Indonesian embassy.
On the other hand, the purchase of a 755 sq ft unit at The Clift was the 2nd most unprofitable 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 got it in June 2011 for $2.06 million ($2,730 psf), incurred a loss of around $816,075, or 38.6%. The vendor had actually possessed the unit for greater than 14 1/2 years.
