Three-bedder at The Waterside sets record profit of $3.81 mil
The Clift is a 99-year leasehold development situated around McCallum Street in Area 1. Finished in 2011, the condominium comprises 312 homes and a single-storey retail podium. It offers one- and two-bedroom homes estimating between 495 and 818 sq ft, along with one- and two-bedroom loft spaces ranging from 753 to 1,076 sq ft.
Finished 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 covering 2,433 to 5,974 sq ft. It is situated inside the upscale Bishopgate– Chatsworth residential enclave, near to the Indonesian embassy.
Carried out in 1993, The Waterside is a freehold condo located around Tanjong Rhu Road in District 15. The property development adjoins the Singapore Swimming Club and Dunman Secondary School, and is also near Katong Park MRT Station on the Thomson-East Coast Line. It makes up six 23-storey residential blocks, using 3- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
This notes the fifth most profitable resale transaction at the 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 formerly pulled off for $2.8 million ($1,031 psf) in March 2007, that means the dealer made a yield of $3.68 million. This converts to an annualised profit of 5% after a keeping period of a little over 17 years.
Lodged caveats show that the development taped 19 resale deals in 2025, nine of that were unprofitable. The 9 units, varying from 495 to 775 sq ft, incurred decreases of $24,600 to $731,000.
The transaction notes the most profitable resale purchase to date at The Waterside. It tops the past log 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 actually previously negotiated for $1.75 million ($817 psf) in September 2006, resulting in the seller creating an annualised profit of 5.7% over roughly 19 years.
On the other hand, the purchase of a 755 sq ft unit at The Clift was the 2nd most unsuccessful condominium resale transaction of the week. The one-bedder on the 32nd level settled for $1.3 million ($1,677 psf) on Feb 25. The seller, that obtained it in June 2011 for $2.06 million ($2,730 psf), incurred a loss of about $816,075, or 38.6%. The vendor had actually owned the unit for more than 14 1/2 years.
The most profitable 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 level switched hands for $5.5 million ($2,281 psf) on Feb 25. The unit was formerly acquired 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 approximately 28 years.
The second-largest gain documented 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 level was bought for $2.73 million ($1,200 psf) in May 2007 and changed 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 just about 19 years.
Hillock Green condo floor plan
Based on lodged cautions, this most current bargain marks the very first profitless resale deal at Bishopgate Residences. In 2025, the growth observed just one resale deal: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
The remarkably unlucrative resale transaction throughout the time frame in review occurred at Bishopgate Residences, an estate 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 previously brought $10.66 million ($3,682 psf) in March 2021. Thus, the deal led in a loss of $1.86 million (17.5%), which converts to an annualised loss of 3.8% over five years.
