Three-bedder at The Waterside sets record profit of $3.81 mil
Finished in 2012, Bishopgate Residences comprises a single residential block real estate 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 within the well-off Bishopgate– Chatsworth non commercial territory, near the Indonesian embassy.
The most successful apartment resell transaction during 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 7th floor switched controls for $5.5 million ($2,281 psf) on Feb 25. The unit was in the past bought for $1.69 million ($700 psf) in April 1998. Thus, the seller generated a record income of $3.81 million (225.9%), or an annualised gain of 4.3% over almost 28 years.
At the same time, the purchase of a 755 sq ft unit at The Clift was the 2nd most unlucrative condo resale deal of the week. The one-bedder on the 32nd story transacted for $1.3 million ($1,677 psf) on Feb 25. The dealer, who got it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of approximately $816,075, or 38.6%. The vendor had actually owned the unit for more than 14 1/2 years.
Finished in 1993, The Waterside is a freehold condo located along Tanjong Rhu Road in District 15. The development adjoins the Singapore Swimming Club and Dunman High School, and is likewise near Katong Park MRT Station on the Thomson-East Coast Line. It comprises six 23-storey residential blocks, using 3- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
Lodged caveats show that the property development videotaped 19 resale deals in 2025, 9 of which were unlucrative. The nine units, varying from 495 to 775 sq ft, sustained decreases of $24,600 to $731,000.
Based upon lodged caveats, this newest deal notes the first unprofitable resale deal 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.
The remarkably unlucrative resell purchase during the period in review took place at Bishopgate Residences, an estate 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. Hence, the deal resulted in a decline of $1.86 million (17.5%), which equates to an annualised loss of 3.8% over five years.
The transaction marks one of the most profitable resale purchase to date at The Waterside. It tops the previous record gain of $3.13 million, when a 2,142 sq ft unit fetched $4.88 million ($2,278 psf) in April 2025. The three-bedder had previously negotiated for $1.75 million ($817 psf) in September 2006, concluding in the seller creating an annualised revenue of 5.7% over almost 19 years.
This marks the fifth most profitable resale deal at the development to day. 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 previously negotiated 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 profit of 5% after a keeping duration of slightly over 17 years.
The second-largest gain documented during the week came 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 purchased 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 earned a profit of $3.02 million (111%), or an annualised gain of 4% over a holding period of almost 19 years.
The Clift is a 99-year leasehold development situated along McCallum Street in Area 1. Finished in 2011, the apartment makes up 312 homes and a single-storey retail podium. It offers one- and two-bedroom apartments measuring in between 495 and 818 sq ft, as well as one- and two-bedroom lofts ranging from 753 to 1,076 sq ft.
