Three-bedder at The Waterside sets record profit of $3.81 mil
The transaction notes the most profitable resale purchase to date at The Waterside. It tops the last 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 previously worked out a deal for $1.75 million ($817 psf) in September 2006, resulting in the dealer creating an annualised revenue of 5.7% over roughly 19 years.
Finalized in 2012, Bishopgate Residences comprises a single residential block housing 31 units. The development offers a mix of three- to five-bedroom units spanning 2,433 to 5,974 sq ft. It is positioned inside the affluent Bishopgate– Chatsworth residential territory, near the Indonesian consular office.
Completed in 1993, The Waterside is a freehold apartment situated along Tanjong Rhu Road in District 15. The property development is adjacent to the Singapore Swimming Club and Dunman Secondary School, and is likewise near Katong Park MRT Stop on the Thomson-East Coast Line. It consists of six 23-storey non commercial blocks, offering three- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
Lodged caveats reveal that the growth tape-recorded 19 resale deals last year, 9 of which were unlucrative. The nine units, ranging from 495 to 775 sq ft, sustained losses of $24,600 to $731,000.
The second-largest gain recorded 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 floor was purchased 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 gain of 4% over a holding period of nearly 19 years.
Robertson Opus condo floor plan
Based upon lodged caveats, this most current bargain marks the very first profitless resale deal at Bishopgate Residences. In 2025, the development saw just one resale offer: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
This denotes the fifth most profitable resale transaction at the development to date. 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 actually previously pulled off for $2.8 million ($1,031 psf) in March 2007, that implies the dealer made a gain of $3.68 million. This converts to an annualised profit of 5% after a holding period of slightly over 17 years.
The remarkably profitless resale transaction during the duration in review happened at Bishopgate Residences, a freehold 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 formerly fetched $10.66 million ($3,682 psf) in March 2021. Therefore, the purchase led in a decline of $1.86 million (17.5%), which equates to an annualised loss of 3.8% over 5 years.
The Clift is a 99-year leasehold advancement situated around McCallum Street in District 1. Finished in 2011, the condo makes up 312 apartment or condos and a single-storey retail podium. It offers one- and two-bedroom homes measuring in between 495 and 818 sq ft, in addition to one- and two-bedroom lofts varying from 753 to 1,076 sq ft.
At the same time, the transaction of a 755 sq ft unit at The Clift was the second most unlucrative apartment 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 acquired 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 owned the unit for greater than 14 1/2 years.
One of the most valuable apartment resell transaction 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 seventh floor shifted 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. Hence, the seller generated a record income of $3.81 million (225.9%), or an annualised profit of 4.3% over approximately 28 years.
