Three-bedder at The Waterside sets record profit of $3.81 mil
The second-largest gain recorded during 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 bought 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 made a profit of $3.02 million (111%), or an annualised income of 4% over a holding period of almost 19 years.
This notes the fifth most profitable resale purchase at the property development to day. The record gain 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 transacted for $2.8 million ($1,031 psf) in March 2007, that implies the dealer made a profit of $3.68 million. This translates to an annualised profit of 5% after a holding duration of a little over 17 years.
The Clift is a 99-year leasehold growth situated around McCallum Street in Area 1. Completed in 2011, the condo comprises 312 homes and a single-storey retail podium. It provides one- and two-bedroom apartment or condos assessing in between 495 and 818 sq ft, in addition to one- and two-bedroom lofts varying from 753 to 1,076 sq ft.
Carried out in 1993, The Waterside is a freehold apartment located along Tanjong Rhu Road in District 15. The property development is adjacent to the Singapore Swimming Club and Dunman Senior High School, and is additionally near Katong Park MRT Station on the Thomson-East Coast Line. It consists of 6 23-storey non commercial blocks, using 3- and four-bedroom units varying from 2,142 to 2,433 sq ft.
One of the most profitable condo resell deal throughout 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 shifted hands for $5.5 million ($2,281 psf) on Feb 25. The unit was previously bought for $1.69 million ($700 psf) in April 1998. Hence, the seller raked in a record profit of $3.81 million (225.9%), or an annualised profit of 4.3% over approximately 28 years.
The most profitless resell purchase during the time frame in review took place at Bishopgate Residences, a freehold apartment 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 previously brought $10.66 million ($3,682 psf) in March 2021. Therefore, the deal resulted in a deficit of $1.86 million (17.5%), that translates to an annualised loss of 3.8% over five years.
Based upon lodged caveats, this latest deal notes the first profitless resale transaction at Bishopgate Residences. In 2025, the property development found just one resale offer: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
Lentor Gardens Residences condo floor plan
The deal notes one of the most profitable resale deal to date at The Waterside. It tops the last log 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 dealer making an annualised profit of 5.7% over almost 19 years.
Meanwhile, the purchase of a 755 sq ft unit at The Clift was the 2nd most unprofitable 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 seller, who got it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of about $816,075, or 38.6%. The seller had possessed the unit for more than 14 1/2 years.
Finished in 2012, Bishopgate Residences consists of a single residential block real estate 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 within the well-off Bishopgate– Chatsworth residential territory, close to the Indonesian consular office.
Lodged caveats show that the development videotaped 19 resale deals in 2025, nine of which were unlucrative. The 9 units, varying from 495 to 775 sq ft, sustained decreases of $24,600 to $731,000.
