Three-bedder at The Waterside sets record profit of $3.81 mil
The second-largest gain recorded 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 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 made a profit of $3.02 million (111%), or an annualised gain of 4% over a holding period of just about 19 years.
Finished in 1993, The Waterside is a freehold condo located around Tanjong Rhu Road in District 15. The development adjoins the Singapore Swimming Club and Dunman Secondary School, and is additionally near Katong Park MRT Stop on the Thomson-East Coast Line. It consists of 6 23-storey residential blocks, providing 3- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
Finalized in 2012, Bishopgate Residences consists of a single residential block housing 31 units. The property development provides a mix of three- to five-bedroom units extending 2,433 to 5,974 sq ft. It is positioned within the upscale Bishopgate– Chatsworth housing territory, close to the Indonesian consular office.
Lodged caveats reveal that the growth recorded 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.
Based upon lodged caveats, this latest deal marks the very first unprofitable resale purchase 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.
The most profitless resale purchase throughout the time frame in review happened at Bishopgate Residences, a property 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. Thus, the purchase led in a loss of $1.86 million (17.5%), that converts to an annualised damage of 3.8% over 5 years.
The Clift is a 99-year leasehold advancement located around McCallum Street in Area 1. Completed in 2011, the condominium consists of 312 apartment or condos and a single-storey retail podium. It provides one- and two-bedroom homes measuring between 495 and 818 sq ft, in addition to one- and two-bedroom lofts varying from 753 to 1,076 sq ft.
On the other hand, the purchase of a 755 sq ft unit at The Clift was the second most unprofitable condo resale deal of the week. The one-bedder on the 32nd story settled for $1.3 million ($1,677 psf) on Feb 25. The dealer, who obtained it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of around $816,075, or 38.6%. The vendor had actually had the unit for more than 14 1/2 years.
Tengah Garden Residences condo price
This notes the fifth most profitable resale deal at the project to date. 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 previously transacted for $2.8 million ($1,031 psf) in March 2007, which indicates the seller made a profit of $3.68 million. This translates to an annualised earnings of 5% after a sustaining duration of a little over 17 years.
One of the most profitable condo resale deal 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 seventh level switched 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. Hence, the seller raked in a log revenue of $3.81 million (225.9%), or an annualised profit of 4.3% over nearly 28 years.
The deal marks the most profitable resale purchase to date at The Waterside. It tops the last record gain of $3.13 million, the moment a 2,142 sq ft unit brought $4.88 million ($2,278 psf) in April 2025. The three-bedder had actually formerly transacted for $1.75 million ($817 psf) in September 2006, concluding in the seller producing an annualised earnings of 5.7% over roughly 19 years.
