Three-bedder at The Waterside sets record profit of $3.81 mil
Finished in 2012, Bishopgate Residences makes up a single residential block real estate 31 units. The development provides a mix of 3- to five-bedroom units spanning 2,433 to 5,974 sq ft. It is situated inside the affluent Bishopgate– Chatsworth housing enclave, close to the Indonesian embassy.
Completed in 1993, The Waterside is a freehold condominium situated around Tanjong Rhu Road in District 15. The property development adjoins the Singapore Swimming Club and Dunman Secondary School, and is additionally near Katong Park MRT Station on the Thomson-East Coast Line. It comprises 6 23-storey residential blocks, providing 3- and four-bedroom units varying from 2,142 to 2,433 sq ft.
At the same time, the sale of a 755 sq ft unit at The Clift was the 2nd most unprofitable condominium resale deal of the week. The one-bedder on the 32nd floor settled for $1.3 million ($1,677 psf) on Feb 25. The seller, that got it in June 2011 for $2.06 million ($2,730 psf), sustained a loss of about $816,075, or 38.6%. The vendor had owned the unit for more than 14 1/2 years.
Based upon lodged caveats, this most current bargain notes the very first unlucrative resale purchase at Bishopgate Residences. In 2025, the property development saw just one resale offer: a 3,165 sq ft, five-bedroom unit thatfetched $10.45 million ($3,302 psf) in February.
This denotes the fifth most profitable resale purchase at the project to day. The record gain 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 formerly transacted for $2.8 million ($1,031 psf) in March 2007, that suggests the vendor made a profit of $3.68 million. This converts to an annualised profit of 5% after a keeping time frame of somewhat over 17 years.
The Clift is a 99-year leasehold advancement situated along McCallum Street in Area 1. Finished in 2011, the apartment comprises 312 houses and a single-storey retail podium. It provides one- and two-bedroom apartments estimating between 495 and 818 sq ft, in addition to one- and two-bedroom lofts ranging from 753 to 1,076 sq ft.
The Arcady @ Boon Keng 1037 Serangoon Road
Lodged caveats show that the development videotaped 19 resale deals last year, 9 of that were unprofitable. The 9 units, ranging from 495 to 775 sq ft, sustained decreases of $24,600 to $731,000.
The second-largest gain recorded throughout 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 made a profit of $3.02 million (111%), or an annualised gain of 4% over a holding period of nearly 19 years.
The most profitless resell deal throughout the period in review occurred at Bishopgate Residences, an estate 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 fetched $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 damage of 3.8% over five years.
One of the most successful condo resell deal in the middle of 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 changed controls for $5.5 million ($2,281 psf) on Feb 25. The unit was in the past acquired for $1.69 million ($700 psf) in April 1998. Thus, the seller generated a record income of $3.81 million (225.9%), or an annualised profit of 4.3% over almost 28 years.
The agreement notes the most beneficial resale transaction to day at The Waterside. It tops the previous 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 formerly transacted for $1.75 million ($817 psf) in September 2006, resulting in the dealer creating an annualised earnings of 5.7% over roughly 19 years.
