Three-bedder at The Waterside sets record profit of $3.81 mil
The Clift is a 99-year leasehold growth located along McCallum Street in Area 1. Finished in 2011, the apartment makes up 312 apartment or condos and a single-storey retail platform. It supplies one- and two-bedroom homes assessing between 495 and 818 sq ft, in addition to one- and two-bedroom loft spaces ranging from 753 to 1,076 sq ft.
Lodged caveats reveal that the property development videotaped 19 resale deals in 2025, nine of which were unprofitable. The nine units, varying from 495 to 775 sq ft, incurred losses of $24,600 to $731,000.
At the same time, the purchase of a 755 sq ft unit at The Clift was the 2nd most worthless condominium resale transaction of the week. The one-bedder on the 32nd level settled for $1.3 million ($1,677 psf) on Feb 25. The dealer, who obtained it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of approximately $816,075, or 38.6%. The seller had actually owned the unit for greater than 14 1/2 years.
This denotes the fifth most profitable resale purchase 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 pulled off for $2.8 million ($1,031 psf) in March 2007, that implies the vendor made a yield of $3.68 million. This converts to an annualised earnings of 5% after a holding period of somewhat over 17 years.
One of the most valuable apartment resell deal throughout the week of Feb 24 to March 3 was the profit of a three-bedroom unit at The Waterside. The 2,411 sq ft unit on the 7th floor shifted hands for $5.5 million ($2,281 psf) on Feb 25. The unit was formerly bought for $1.69 million ($700 psf) in April 1998. Thus, the seller raked in a record revenue of $3.81 million (225.9%), or an annualised gain of 4.3% over approximately 28 years.
The most unlucrative resale purchase during the duration in review occurred 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. Thus, the transaction resulted in a deficit of $1.86 million (17.5%), that equates to an annualised loss of 3.8% over five years.
The second-largest gain recorded throughout the week came 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 purchased for $2.73 million ($1,200 psf) in May 2007 and shifted 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 nearly 19 years.
Based on lodged warnings, this newest deal marks the initial unlucrative resale purchase at Bishopgate Residences. In 2025, the growth saw just one resale bargain: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
Completed in 2012, Bishopgate Residences makes up a single residential block housing 31 units. The property development provides a mix of three- to five-bedroom units extending 2,433 to 5,974 sq ft. It is positioned inside the upscale Bishopgate– Chatsworth non commercial territory, near to the Indonesian embassy.
The deal notes the most profitable resale transaction to day at The Waterside. It tops the previous record profit 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 previously transacted for $1.75 million ($817 psf) in September 2006, concluding in the vendor producing an annualised profit of 5.7% over almost 19 years.
Carried out in 1993, The Waterside is a freehold apartment situated along Tanjong Rhu Road in District 15. The property development adjoins the Singapore Swimming Club and Dunman High School, and is also near Katong Park MRT Terminal on the Thomson-East Coast Line. It makes up 6 23-storey residential blocks, using 3- and four-bedroom units varying from 2,142 to 2,433 sq ft.
