Resale three-bedder at RiverGate sold for $3.27 mil profit

The most profitable condo resale transaction during the week of Oct 28 to Nov 4 was the sale of a three-bedroom unit at RiverGate. The 1,733 sq ft unit on the 13th floor fetched $5.35 million ($3,087 psf) on Nov 4, with the seller netting a gain of $3.27 million. They had previously purchased the unit for $2.08 million ($1,200 psf) in May 2009. The profit netted by the seller translates to a capital gain of 157.3%, or an annualised profit of 5.9% after owning the unit for 16½ years.

This is the second-highest gain made on a unit at RiverGate to date. The record belongs to a 3,100 sq ft penthouse unit that transacted for $7.28 million ($2,348 psf) in September 2021. The seller, who bought the unit from the developer in 2005 for $3.46 million ($1,115 psf), netted a profit of $3.82 million after holding the unit for over 16 years.

A 1,733 sq ft unit on the 13th floor fetched $5.35 million on Nov 4, netting a gain of $3.27 million (Photo: Samuel Isaac Chua/EdgeProp Singapore)

RiverGate is a freehold condo located at Robertson Quay in prime District 9. Completed in 2009, it houses 545 units across three 43-storey residential blocks. It is within a short drive to several lifestyle hubs including Great World City and Robertson Walk, while Havelock MRT Station on the Thomson-East Coast Line is an 11-minute walk away.

The development has seen several profitable resale transactions in recent years. According to lodged caveats, 13 resale deals were completed in 2024, all of which were profitable. In 2025, 11 transactions have been recorded to date (excluding the Nov 4 sale), with 10 resulting in gains. The sellers reaped profits ranging from $380,000 to $2.09 million.

The second most profitable condo resale during the period in review was the sale of a three-bedroom unit at Maple Woods. The 1,507 sq ft unit on the eighth floor transacted for $3.5 million ($2,323 psf) on Nov 4. The unit had last changed hands for $1.12 million ($742 psf) in January 1995. This means the seller raked in a gain of $2.38 million (213.1%), or an annualised profit of 3.8% over a holding period of nearly 31 years.

A three-bedroom unit at Maple Woods changed hands for $3.5 million on Nov 4, resulting in a gain of $2.38 million (Photo: Samuel Isaac Chua/EdgeProp Singapore)

The development has seen 13 resale transactions so far this year, 12 of which were profitable. The highest profit came from the sale of a 2,551 sq ft unit, which changed hands for $5.45 million ($2,136 psf) on May 2. The seller, who had previously bought the unit for $1.46 million ($572) in January 2004, walked away with a profit of $3.99 million — the highest gain recorded at Maple Woods to date.

Maple Woods is a freehold condo located on Bukit Timah Road in District 21. Built in 1997, the 697-unit development offers a mix of two- to four-bedroom units of 850 sq ft to 3,003 sq ft. It is around five minutes by foot from King Albert Park MRT Station on the Downtown Line, which is set to become an interchange station with the completion of Phase 2 of the Cross Island Line in 2032.

Meanwhile, the week’s most unprofitable transaction was at Scotts Square, where the seller of a 947 sq ft unit incurred a loss of $669,529 (17.4%). The two-bedder on the 30th floor was sold for $3.18 million ($3,362 psf) on Oct 29, with the seller having previously purchased it for $3.85 million ($4,069 psf) in August 2007. This translates to an annualised loss of 1% over a holding period of over 18 years.

A 947 sq ft unit at Scotts Square was sold for for $3.18 million ($3,362 psf) on Oct 29 (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Located along Scotts Road in prime District 10, Scotts Square is a freehold mixed-use development that was completed in 2011. It comprises 338 residential units across two towers, which sit above a four-storey retail podium. The development offers a mix of one- to three-bedroom units, spanning 624 sq ft to 1,238 sq ft.

The most unprofitable resale deal ever recorded at Scotts Square involved a 1,249 sq ft unit, which changed hands for $3.65 million ($2,923 psf) in February 2017. The 36th-floor unit had previously transacted for $5.21 million ($4,171 psf) in August 2007, causing the seller to incur a loss of $1.56 million or an annualised loss of 3.7% over nearly 10 years.

Check out the latest listings for Rivergate properties