Three-bedder at The Waterside sets record profit of $3.81 mil
Based upon lodged warnings, this newest offer marks the very first unlucrative resale purchase at Bishopgate Residences. In 2025, the development observed just one resale deal: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
The Clift is a 99-year leasehold advancement situated around McCallum Street in Area 1. Finished in 2011, the apartment comprises 312 apartment or condos and a single-storey retail platform. It provides one- and two-bedroom apartments measuring in between 495 and 818 sq ft, as well as one- and two-bedroom lofts varying from 753 to 1,076 sq ft.
The most profitless resell purchase during the duration in review took place at Bishopgate Residences, a property apartment 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 brought $10.66 million ($3,682 psf) in March 2021. Therefore, the transaction turned out in a decline of $1.86 million (17.5%), that converts to an annualised damage of 3.8% over 5 years.
On the other hand, the purchase of a 755 sq ft unit at The Clift was the 2nd most unprofitable condo resale purchase of the week. The one-bedder on the 32nd floor transacted for $1.3 million ($1,677 psf) on Feb 25. The seller, who obtained it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of about $816,075, or 38.6%. The vendor had owned the unit for greater than 14 1/2 years.
This marks the fifth most profitable resale purchase at the project 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 transacted for $2.8 million ($1,031 psf) in March 2007, that implies the seller made a yield of $3.68 million. This translates to an annualised earnings of 5% after a holding time frame of slightly over 17 years.
Completed in 2012, Bishopgate Residences comprises a single residential block housing 31 units. The property development offers a mix of 3- to five-bedroom units extending 2,433 to 5,974 sq ft. It is positioned inside the affluent Bishopgate– Chatsworth residential enclave, close to the Indonesian embassy.
The agreement marks the most beneficial resale purchase to date at The Waterside. It tops the previous log profit of $3.13 million, the moment a 2,142 sq ft unit obtained $4.88 million ($2,278 psf) in April 2025. The three-bedder had actually formerly worked out a deal for $1.75 million ($817 psf) in September 2006, resulting in the seller creating an annualised profit of 5.7% over nearly 19 years.
Finished in 1993, The Waterside is a freehold condo located along Tanjong Rhu Road in District 15. The property development is adjacent to the Singapore Swimming Club and Dunman High School, and is also near Katong Park MRT Terminal on the Thomson-East Coast Line. It consists of 6 23-storey non commercial blocks, providing three- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
The second-largest gain reported throughout 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 storey was acquired 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 profit of 4% over a holding period of nearly 19 years.
Lodged caveats show that the development recorded 19 resale deals last year, nine of which were profitless. The 9 units, ranging from 495 to 775 sq ft, incurred decreases of $24,600 to $731,000.
One of the most successful condo resale purchase during 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 controls for $5.5 million ($2,281 psf) on Feb 25. The unit was formerly bought for $1.69 million ($700 psf) in April 1998. Hence, the seller generated a log revenue of $3.81 million (225.9%), or an annualised profit of 4.3% over approximately 28 years.
