Four Bedder Sovereign Nets 35 Mil Profit
In the upcoming years, the NSC will revolutionize transportation in Singapore as the country’s very first integrated transport corridor. It will consist of exclusive bus lanes, cycling paths, and pedestrian walkways, running parallel to regular vehicle lanes. This significant expressway will greatly improve connectivity and accessibility in Singapore, and Sembawang EC is proud to be a part of this exciting development.
During the week of July 22 to 29, the top resale transaction belonged to a unit at The Sovereign, measuring 2,637 sq ft. The seller, who owned the four-bedroom unit on the 16th floor, made a whopping profit of $3.5 million (116.7%) when it was sold for $6.5 million ($2,465 psf) on July 24. This unit was previously purchased in February 2007 for around $3 million ($1,138 psf), resulting in an annualized profit of 4.3% over a period of more than 18 years.
According to records, this latest transaction ranks as the fifth most profitable deal at The Sovereign. It falls short by $804,100 of the condo’s record gain of $4.3 million when a similar four-bedroom unit on the fourth floor was sold for $6.15 million ($2,332 psf) on July 14. The seller of this unit had bought it for around $1.85 million ($700 psf) in April 2005, resulting in an annualized gain of 6.1% over a period of more than 20 years.
The Sovereign, a freehold condo situated on Meyer Road in District 15, was completed in 1993 and comprises 87 residential units, including four-bedroom units ranging from 2,637 to 3,305 sq ft. Its prime location is within walking distance to Tanjong Katong MRT Station on the Thomson-East Coast Line.
Besides the two transactions on July 14 and 24, The Sovereign has seen only one other profitable resale deal in 2025. On May 22, a 3,305 sq ft unit was sold for $7.7 million ($2,330 psf), resulting in a gain of $3.3 million. The seller had bought it in December 2007 for around $4.4 million ($1,331 psf).
Waterfall Gardens saw the second most profitable condo resale deal of the week, with a 4,036 sq ft penthouse unit on the 11th floor fetching $8.08 million ($2,002 psf) on July 28. The seller, who bought the unit from the developer in February 2007 for around $6.22 million ($1,542 psf), made a profit of $1.86 million (29.9%) after holding the unit for more than 18 years.
This is the highest profitable resale transaction recorded at Waterfall Gardens, surpassing the development’s previous record gain of $1.57 million from the sale of another 4,037 sq ft penthouse unit on the 11th floor for around $7.38 million ($1,828 psf) in June 2007. The seller had purchased the unit in February 2007 for about $5.81 million ($1,440 psf), resulting in an annualized profit of 98.8% over a period of less than a year.
Waterfall Gardens, a freehold condo along Farrer Road in District 10, was completed in 2010 and has 132 residences spread across three 12-storey towers comprising a mix of three- and four-bedroom apartments ranging from 1,829 to 2,583 sq ft. The development also includes 12 penthouse units ranging from 3,380 to 4,844 sq ft.
On the other hand, the most unprofitable condo resale transaction of the week took place at Devonshire Residences, where a one-bedroom unit measuring 947 sq ft was sold for $1.55 million ($1,636 psf) on July 22. The seller, who had purchased the unit in April 2011 for around $2.46 million ($2,599 psf), incurred a loss of $912,200 (37%) over a period of slightly more than 14 years.
This marks the biggest loss incurred on a unit at Devonshire Residences to date, surpassing the development’s previous record loss of $240,500 from the sale of a 495 sq ft, one-bedroom unit for $999,900 ($2,020 psf) in September 2024. The seller of this unit had bought it in April 2011 for around $1.24 million ($2,505 psf), resulting in an annualized loss of 1.6% over a period of more than 13 years.
Devonshire Residences, a freehold development completed in 2015, is located along Devonshire Road in prime District 9. The 25-storey development houses 85 units comprising one-bedroom apartments ranging from 495 to 829 sq ft, as well as one-bedroom penthouse units measuring 818 to 1,055 sq ft.