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Condo prices · D02

Wallich Residence

Wallich Street · D02 · Core central region · Apartment

The median sale at Wallich Residence was $5,100,000 — $3,239 psf — across 43 transactions between Dec 2021 and May 2026. 99-year lease from 2011.

Median price
$5,100,000
43 sales in the window.
Median per sq ft
$3,239 psf
Median unit 1,658 sq ft.
Lease remaining
84 years
99-year lease from 2011

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$5,060
$5,100,000 over 84 years remaining.
Per sq ft per year
$36.63
What a square foot of this development costs for one year of lease.
Lease expires
2110
15 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2021three sales$3252
  • 202218 sales$3658
  • 2023six sales$3071
  • 2024five sales$2915
  • 2025seven sales$3310
  • 2026four sales$2772
Show the figures
YearMedian pricePer sq ftSales
2021$2,330,000$3,252 psf3
2022$5,939,000$3,658 psf18
2023$5,174,000$3,071 psf6
2024$4,128,000$2,915 psf5
2025$3,128,000$3,310 psf7
2026$2,525,000$2,772 psf4

What it rents for

URA’s median of rental contracts lodged at Wallich Residence in 2026Q3, per square foot per month.

Median rent per sq ft
$10.34
A month. Middle half of contracts ran $9.73 to $11.28.
Gross yield
3.83%
A year of median rent against the median sale price.
Median sale per sq ft
$3,239 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D02

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.