Three-bedder at The Waterside sets record profit of $3.81 mil
The Clift is a 99-year leasehold advancement located around McCallum Street in District 1. Completed in 2011, the condo comprises 312 homes and a single-storey retail platform. It offers one- and two-bedroom apartments measuring between 495 and 818 sq ft, in addition to one- and two-bedroom lofts varying from 753 to 1,076 sq ft.
Lodged caveats reveal that the development videotaped 19 resale deals last year, nine of that were profitless. The 9 units, varying from 495 to 775 sq ft, incurred losses of $24,600 to $731,000.
Finished in 2012, Bishopgate Residences makes up a single residential block housing 31 units. The development provides 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, near the Indonesian embassy.
The second-largest gain reported throughout the week originated from the sale of a three-bedroom unit at Sky@Eleven, along Thomson Lane. The 2,271 sq ft unit on the 37th level was acquired 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 almost 19 years.
This marks the fifth most profitable resale purchase at the project to day. 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 previously negotiated for $2.8 million ($1,031 psf) in March 2007, which indicates the seller made a profit of $3.68 million. This equates to an annualised earnings of 5% after a sustaining duration of a little over 17 years.
On the other hand, the transaction of a 755 sq ft unit at The Clift was the 2nd most worthless apartment resale transaction of the week. The one-bedder on the 32nd level transacted for $1.3 million ($1,677 psf) on Feb 25. The vendor, that acquired it in June 2011 for $2.06 million ($2,730 psf), incurred a loss of approximately $816,075, or 38.6%. The seller had actually possessed the unit for greater than 14 1/2 years.
The remarkably profitless resale purchase during the period 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 brought $10.66 million ($3,682 psf) in March 2021. Therefore, the transaction resulted in a loss of $1.86 million (17.5%), which translates to an annualised damage of 3.8% over 5 years.
The agreement notes the most profitable resale deal to date at The Waterside. It tops the previous record profit of $3.13 million, when a 2,142 sq ft unit brought $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 seller creating an annualised profit of 5.7% over almost 19 years.
One of the most profitable condominium resell deal 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 floor switched hands 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. Therefore, the seller raked in a record profit of $3.81 million (225.9%), or an annualised gain of 4.3% over approximately 28 years.
Based on lodged caveats, this newest offer marks the first unprofitable resale deal at Bishopgate Residences. In 2025, the property development observed just one resale offer: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
Completed in 1993, The Waterside is a freehold apartment located around Tanjong Rhu Road in District 15. The property development adjoins the Singapore Swimming Club and Dunman Senior High School, and is additionally near Katong Park MRT Terminal on the Thomson-East Coast Line. It consists of six 23-storey non commercial blocks, providing three- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
