Seller at Rivergate condo in District 9 scores $2.35 mil profit
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Topping the list of profitable condo resale transactions over the week of June 9 to 16 was the sale of a four-bedder at Rivergate, a freehold apartment in Robertson Quay.
The 2,077 sq ft unit on the 27th floor changed hands on June 10 for around $6.29 million, or $3,027 psf. It was previously purchased in August 2010 for $3.94 million, or $1,897 psf. Hence, the seller netted a profit of approximately $2.35 million (59.6%), or an annualised gain of 3% over almost 16 years.
A four-bedder at Rivergate was sold for about $6.29 million on June 10 (Photo: Samuel Isaac Chua/EdgeProp Singapore)
This ranks as the eighth-most profitable transaction at the development to date. The all-time high is the $3.82 million profit from the sale of a 3,100 sq ft, four-bedroom unit. The seller had bought it from the developer in 2005 for $3.46 million, before selling it for $7.28 million in September 2021.
Apart from the June 10 deal, Rivergate has seen five other resale transactions this year — all of which were profitable. These units were sold for between $3.1 million and $4.95 million, netting profits of $879,050 to $1.97 million. Completed in 2009, the 545-unit Rivergate has three residential blocks of up to 43 storeys. It comprises two- to four-bedroom apartments measuring 1,023 to 3,918 sq ft.
It is situated in District 9, with Great World MRT Station a seven-minute walk away. Lifestyle amenities are available at Great World shopping mall, which is connected to the station.
Second on the list of profitable resale condo transactions for the week was the sale of a 1,755 sq ft, four-bedroom unit at Bayshore condo Costa Del Sol.
On June 11, the eighth-floor unit was sold for $3.35 million ($1,909 psf). The owner had originally purchased it for around $1.09 million ($620 psf) in October 2005. This translates to a profit of about $2.26 million (208.2%), or a 5.6% gain annualised after nearly 21 years.
A seller at Costa Del Sol netted a a 208.2% profit after a holding period of nearly 21 years (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Based on caveats lodged, this is the most profitable resale transaction at the development to date. It surpasses a December 2025 deal that scored a $1.95 million gain when a four-bedder was sold for $2.97 million. The seller had bought the unit in 2005 for $1.02 million.
Data tabulated on EdgeProp Research shows that Costa Del Sol has had 13 profitable resale deals this year, excluding the June 11 transaction. Priced between $1.7 million and $3.29 million, these units garnered profits ranging from $400,000 to $1.71 million.
Completed in 2004, Costa Del Sol is a 99-year leasehold condo in District 16. It offers 906 units in two- to four-bedroom layouts, alongside penthouses. Bayshore MRT Station is next to the condo.
Meanwhile, a deal for a 1,464 sq ft unit at Reflections at Keppel Bay incurred the steepest loss for resale condo transactions during the week in review.
Situated on the 12th floor, the three-bedder — bought in 2012 for $3.03 million ($2,072 psf) — changed hands for $2.46 million ($1,680 psf) on June 9. Thus, the seller incurred a loss of $572,800 (18.9%), or 1.5% when annualised across 13½ years.
At Reflections at Keppel Bay, a transaction chalked up a $572,800 loss (Photo: Samuel Isaac Chua/EdgeProp Singapore)
However, the transaction is far from being the development’s most unprofitable resale deal. That record belongs to a 7,050 sq ft penthouse that was purchased from the developer for $17.95 million in 2007 and subsequently sold for $11 million in 2021. The sale resulted in a loss of $6.95 million.
The 99-year leasehold Reflections at Keppel Bay along Keppel Bay View was completed in 2011. It features 1,129 units, comprising one- to four-bedders of 732 to 2,874 sq ft.
The development is a 10-minute walk away from Telok Blangah MRT Station. Nearby amenities include Vivocity, which is connected to HarbourFront MRT Station.
Caveats lodged show that there have been 28 other resale deals at Reflections at Keppel Bay this year. Of these, 17 were in the red, incurring losses of $50,000 to $1.54 million.
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