Three-bedder at The Waterside sets record profit of $3.81 mil
The second-largest gain recorded throughout the week emerged 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 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 gain of 4% over a holding period of nearly 19 years.
The most unprofitable resell deal throughout the duration in review took place at Bishopgate Residences, an estate condominium 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 fetched $10.66 million ($3,682 psf) in March 2021. Therefore, the purchase led in a decline of $1.86 million (17.5%), that equates to an annualised damage of 3.8% over 5 years.
The transaction notes the most profitable resale deal to day at The Waterside. It tops the past record profit of $3.13 million, the moment 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, resulting in the dealer making an annualised revenue of 5.7% over roughly 19 years.
The Clift is a 99-year leasehold growth located along McCallum Street in District 1. Completed in 2011, the condominium consists of 312 homes and a single-storey retail platform. It uses one- and two-bedroom apartments estimating between 495 and 818 sq ft, along with one- and two-bedroom loft spaces varying from 753 to 1,076 sq ft.
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 Secondary School, and is likewise near Katong Park MRT Terminal on the Thomson-East Coast Line. It comprises 6 23-storey non commercial blocks, offering three- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
Meanwhile, the transaction of a 755 sq ft unit at The Clift was the 2nd most unprofitable condominium resale transaction of the week. The one-bedder on the 32nd floor worked out a deal for $1.3 million ($1,677 psf) on Feb 25. The dealer, that obtained it in June 2011 for $2.06 million ($2,730 psf), incurred a loss of approximately $816,075, or 38.6%. The vendor had owned the unit for more than 14 1/2 years.
Based on lodged warnings, this latest offer marks the very first profitless resale transaction at Bishopgate Residences. In 2025, the development saw just one resale deal: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
Lodged caveats reveal that the development videotaped 19 resale deals last year, 9 of which were profitless. The 9 units, ranging from 495 to 775 sq ft, incurred decreases of $24,600 to $731,000.
The most profitable condominium resale purchase in the middle of 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 level switched hands for $5.5 million ($2,281 psf) on Feb 25. The unit was in the past acquired for $1.69 million ($700 psf) in April 1998. Thus, the seller raked in a record income of $3.81 million (225.9%), or an annualised profit of 4.3% over approximately 28 years.
This denotes the fifth most beneficial resale deal at the development to date. The record gain 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 formerly pulled off for $2.8 million ($1,031 psf) in March 2007, which implies the vendor made a gain of $3.68 million. This translates to an annualised earnings of 5% after a keeping time frame of slightly over 17 years.
Completed in 2012, Bishopgate Residences makes up 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 upscale Bishopgate– Chatsworth non commercial territory, close to the Indonesian consular office.
