Three-bedder at The Waterside sets record profit of $3.81 mil
The second-largest gain recorded during the week came 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 purchased 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 gain of 4% over a holding period of almost 19 years.
The transaction marks the most beneficial resale transaction to day at The Waterside. It tops the past log profit of $3.13 million, the moment a 2,142 sq ft unit fetched $4.88 million ($2,278 psf) in April 2025. The three-bedder had previously transacted for $1.75 million ($817 psf) in September 2006, resulting in the vendor producing an annualised earnings of 5.7% over almost 19 years.
Finalized in 2012, Bishopgate Residences comprises a single residential block real estate 31 units. The development offers a mix of three- to five-bedroom units covering 2,433 to 5,974 sq ft. It is positioned within the affluent Bishopgate– Chatsworth residential enclave, close to the Indonesian consular office.
This notes the fifth most beneficial resale deal at the property development to date. 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 formerly transacted for $2.8 million ($1,031 psf) in March 2007, which means the vendor made a profit of $3.68 million. This equates to an annualised profit of 5% after a sustaining period of slightly over 17 years.
Bloomsbury Residences Singapore
On the other hand, the transaction of a 755 sq ft unit at The Clift was the second most worthless apartment resale purchase of the week. The one-bedder on the 32nd level transacted for $1.3 million ($1,677 psf) on Feb 25. The vendor, who obtained it in June 2011 for $2.06 million ($2,730 psf), incurred a loss of around $816,075, or 38.6%. The vendor had had the unit for greater than 14 1/2 years.
Lodged caveats show that the development taped 19 resale deals last year, 9 of which were profitless. The 9 units, ranging from 495 to 775 sq ft, sustained decreases of $24,600 to $731,000.
One of the most valuable condominium resale purchase 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 seventh level changed controls for $5.5 million ($2,281 psf) on Feb 25. The unit was formerly acquired for $1.69 million ($700 psf) in April 1998. Thus, the seller generated a record revenue of $3.81 million (225.9%), or an annualised profit of 4.3% over nearly 28 years.
The remarkably unlucrative resell purchase during the period in review occurred at Bishopgate Residences, an estate 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 previously fetched $10.66 million ($3,682 psf) in March 2021. Thus, the transaction turned out in a decline of $1.86 million (17.5%), which translates to an annualised loss of 3.8% over 5 years.
Based on lodged cautions, this newest deal marks the first unlucrative resale deal at Bishopgate Residences. In 2025, the property development found 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 located around McCallum Street in Area 1. Finished in 2011, the apartment makes up 312 apartment or condos and a single-storey retail platform. It provides one- and two-bedroom houses assessing in between 495 and 818 sq ft, as well as one- and two-bedroom loft spaces ranging from 753 to 1,076 sq ft.
Completed in 1993, The Waterside is a freehold condo situated around Tanjong Rhu Road in District 15. The development adjoins the Singapore Swimming Club and Dunman Senior High School, and is likewise near Katong Park MRT Stop on the Thomson-East Coast Line. It comprises 6 23-storey non commercial blocks, offering three- and four-bedroom units varying from 2,142 to 2,433 sq ft.
