Three-bedder at The Waterside sets record profit of $3.81 mil
Finished in 1993, The Waterside is a freehold condominium located around Tanjong Rhu Road in District 15. The property development adjoins the Singapore Swimming Club and Dunman Senior High School, and is likewise near Katong Park MRT Stop on the Thomson-East Coast Line. It comprises six 23-storey residential blocks, providing three- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
The Clift is a 99-year leasehold growth situated around McCallum Street in Area 1. Completed in 2011, the apartment consists of 312 homes and a single-storey retail podium. It uses one- and two-bedroom apartments estimating in between 495 and 818 sq ft, along with one- and two-bedroom lofts varying from 753 to 1,076 sq ft.
Based upon lodged caveats, this most current offer notes the first unprofitable resale purchase at Bishopgate Residences. In 2025, the development found just one resale deal: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
On the other hand, the purchase of a 755 sq ft unit at The Clift was the 2nd most unprofitable condominium resale purchase of the week. The one-bedder on the 32nd floor settled for $1.3 million ($1,677 psf) on Feb 25. The dealer, that got it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of around $816,075, or 38.6%. The seller had actually had the unit for more than 14 1/2 years.
The agreement marks the most beneficial resale deal to day at The Waterside. It tops the previous log gain of $3.13 million, when a 2,142 sq ft unit obtained $4.88 million ($2,278 psf) in April 2025. The three-bedder had previously transacted for $1.75 million ($817 psf) in September 2006, concluding in the dealer creating an annualised earnings of 5.7% over nearly 19 years.
This notes the fifth most beneficial resale transaction at the development to date. The record growth 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 pulled off for $2.8 million ($1,031 psf) in March 2007, that suggests the seller made a yield of $3.68 million. This translates to an annualised revenue of 5% after a sustaining period of slightly over 17 years.
One of the most valuable condominium resale deal throughout the week of Feb 24 to March 3 was the purchase 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 in the past purchased for $1.69 million ($700 psf) in April 1998. Therefore, the seller raked in a log profit of $3.81 million (225.9%), or an annualised gain of 4.3% over almost 28 years.
The second-largest gain recorded during 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 bought 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 income of 4% over a holding period of nearly 19 years.
Finalized in 2012, Bishopgate Residences comprises a single residential block housing 31 units. The property development offers 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 housing enclave, near to the Indonesian embassy.
The remarkably profitless resell transaction throughout the duration in review occurred at Bishopgate Residences, a property condo 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 transaction turned out in a deficit of $1.86 million (17.5%), which translates to an annualised loss of 3.8% over 5 years.
Lodged caveats show that the development taped 19 resale deals last year, 9 of which were unprofitable. The 9 units, ranging from 495 to 775 sq ft, incurred decreases of $24,600 to $731,000.
