Three-bedder at The Waterside sets record profit of $3.81 mil
Based on lodged caveats, this most current deal marks the first unlucrative resale transaction at Bishopgate Residences. In 2025, the development observed just one resale deal: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
The most profitless resale transaction during the time frame in review occurred at Bishopgate Residences, an estate apartment 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 turned out in a deficit of $1.86 million (17.5%), which translates to an annualised loss of 3.8% over 5 years.
Finished in 1993, The Waterside is a freehold apartment situated around Tanjong Rhu Road in District 15. The property development is adjacent to the Singapore Swimming Club and Dunman Senior High School, and is also near Katong Park MRT Station on the Thomson-East Coast Line. It comprises six 23-storey residential blocks, providing 3- and four-bedroom units varying from 2,142 to 2,433 sq ft.
Meanwhile, the transaction of a 755 sq ft unit at The Clift was the second most unsuccessful condominium resale deal of the week. The one-bedder on the 32nd floor transacted for $1.3 million ($1,677 psf) on Feb 25. The seller, who obtained 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.
This notes the fifth most beneficial resale purchase at the property development 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 actually previously negotiated for $2.8 million ($1,031 psf) in March 2007, which indicates the dealer made a yield of $3.68 million. This equates to an annualised profit of 5% after a holding duration of a little over 17 years.
The most successful condo resale purchase in the middle of 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 shifted hands for $5.5 million ($2,281 psf) on Feb 25. The unit was previously bought for $1.69 million ($700 psf) in April 1998. Hence, the seller generated a record income of $3.81 million (225.9%), or an annualised profit of 4.3% over almost 28 years.
The Clift is a 99-year leasehold advancement located around McCallum Street in District 1. Finished in 2011, the condominium consists of 312 houses and a single-storey retail platform. It offers one- and two-bedroom homes assessing between 495 and 818 sq ft, in addition to one- and two-bedroom loft spaces ranging from 753 to 1,076 sq ft.
Union Square Residences showflat location
Finalized in 2012, Bishopgate Residences consists of a single residential block real estate 31 units. The development offers a mix of 3- to five-bedroom units spanning 2,433 to 5,974 sq ft. It is positioned inside the upscale Bishopgate– Chatsworth housing enclave, near the Indonesian embassy.
The second-largest gain documented throughout 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 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 profit of 4% over a holding period of nearly 19 years.
The deal marks the most beneficial resale purchase to day at The Waterside. It tops the past log profit 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 actually previously negotiated for $1.75 million ($817 psf) in September 2006, resulting in the vendor creating an annualised revenue of 5.7% over nearly 19 years.
Lodged caveats show that the property development taped 19 resale deals in 2025, nine of that were profitless. The 9 units, ranging from 495 to 775 sq ft, incurred decreases of $24,600 to $731,000.
