Three-bedder at The Waterside sets record profit of $3.81 mil
The second-largest gain recorded during the week emerged 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 profit of 4% over a holding period of just about 19 years.
Finalized in 2012, Bishopgate Residences makes up a single residential block housing 31 units. The property development provides a mix of 3- to five-bedroom units covering 2,433 to 5,974 sq ft. It is positioned inside the upscale Bishopgate– Chatsworth non commercial territory, near the Indonesian embassy.
Lodged caveats show that the growth videotaped 19 resale deals in 2025, nine of which were profitless. The 9 units, ranging from 495 to 775 sq ft, sustained losses of $24,600 to $731,000.
The deal marks the most valuable resale transaction to date at The Waterside. It tops the last record gain 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 negotiated for $1.75 million ($817 psf) in September 2006, resulting in the vendor making an annualised revenue of 5.7% over roughly 19 years.
This notes the fifth most profitable resale transaction at the project to date. The record growth 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 previously transacted for $2.8 million ($1,031 psf) in March 2007, which suggests the vendor made a profit of $3.68 million. This equates to an annualised revenue of 5% after a holding time frame of slightly over 17 years.
Springleaf Residence Guocoland & Hong Leong Group
Completed in 1993, The Waterside is a freehold apartment situated around Tanjong Rhu Road in District 15. The development adjoins the Singapore Swimming Club and Dunman High School, and is also near Katong Park MRT Stop on the Thomson-East Coast Line. It consists of 6 23-storey non commercial blocks, supplying 3- and four-bedroom units varying from 2,142 to 2,433 sq ft.
Based on lodged caveats, this latest deal marks the first unprofitable resale deal at Bishopgate Residences. In 2025, the property development observed just one resale bargain: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
The most unlucrative resell deal during the duration in review occurred at Bishopgate Residences, an estate 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. Thus, the transaction led in a decline of $1.86 million (17.5%), which translates to an annualised loss of 3.8% over five years.
Meanwhile, the purchase of a 755 sq ft unit at The Clift was the second most worthless condominium resale deal of the week. The one-bedder on the 32nd level negotiated for $1.3 million ($1,677 psf) on Feb 25. The dealer, that 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 had the unit for more than 14 1/2 years.
The most successful condo resale deal in the middle of the week of Feb 24 to March 3 was the sale 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 previously purchased 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 nearly 28 years.
The Clift is a 99-year leasehold development situated around McCallum Street in District 1. Finished in 2011, the condo makes up 312 apartment or condos and a single-storey retail platform. It supplies one- and two-bedroom houses estimating between 495 and 818 sq ft, in addition to one- and two-bedroom loft spaces ranging from 753 to 1,076 sq ft.
