Three-bedder at The Waterside sets record profit of $3.81 mil
Completed in 1993, The Waterside is a freehold condo located 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 makes up six 23-storey residential blocks, supplying 3- and four-bedroom units ranging from 2,142 to 2,433 sq ft.
The deal notes one of the most profitable resale purchase to date at The Waterside. It tops the last record profit of $3.13 million, the moment a 2,142 sq ft unit obtained $4.88 million ($2,278 psf) in April 2025. The three-bedder had formerly transacted for $1.75 million ($817 psf) in September 2006, concluding in the dealer making an annualised earnings of 5.7% over nearly 19 years.
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 bought 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 income of 4% over a holding period of just about 19 years.
Canberra Crescent Residences Singapore
Finalized in 2012, Bishopgate Residences comprises a single residential block housing 31 units. The development offers a mix of three- to five-bedroom units spanning 2,433 to 5,974 sq ft. It is positioned within the upscale Bishopgate– Chatsworth housing enclave, near to the Indonesian embassy.
The Clift is a 99-year leasehold development situated around McCallum Street in District 1. Finished in 2011, the condominium comprises 312 houses and a single-storey retail podium. It supplies one- and two-bedroom houses assessing in between 495 and 818 sq ft, as well as one- and two-bedroom loft spaces varying from 753 to 1,076 sq ft.
Lodged caveats reveal that the property development tape-recorded 19 resale deals in 2025, 9 of that were unlucrative. The nine units, varying from 495 to 775 sq ft, incurred losses of $24,600 to $731,000.
This marks the fifth most profitable resale deal 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 actually formerly transacted for $2.8 million ($1,031 psf) in March 2007, which means the dealer made a profit of $3.68 million. This converts to an annualised revenue of 5% after a sustaining time frame of a little over 17 years.
One of the most valuable condo resale transaction 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 seventh level switched 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 generated a log profit of $3.81 million (225.9%), or an annualised gain of 4.3% over almost 28 years.
The remarkably unlucrative resell deal during the period in review occurred at Bishopgate Residences, an estate condominium 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 transaction led in a deficit of $1.86 million (17.5%), which translates to an annualised loss of 3.8% over 5 years.
At the same time, the sale of a 755 sq ft unit at The Clift was the 2nd most unlucrative 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, who obtained it in June 2011 for $2.06 million ($2,730 psf), incurred a loss of approximately $816,075, or 38.6%. The seller had actually owned the unit for more than 14 1/2 years.
Based upon lodged cautions, this latest bargain marks the initial unlucrative resale deal 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.
