Water Place
Tanjong Rhu Road · D15 · Rest of central region · Condominium
The median sale at Water Place was $2,138,000 — $1,690 psf — across 87 transactions between Nov 2021 and Oct 2026. 99-year lease from 1998.
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.
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.
- 2021two sales$1343
- 202220 sales$1535
- 202321 sales$1644
- 202415 sales$1806
- 202520 sales$1843
- 2026nine sales$1892
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2021 | $1,680,000 | $1,343 psf | 2 |
| 2022 | $1,935,500 | $1,535 psf | 20 |
| 2023 | $2,000,000 | $1,644 psf | 21 |
| 2024 | $2,350,000 | $1,806 psf | 15 |
| 2025 | $2,250,444 | $1,843 psf | 20 |
| 2026 | $2,470,000 | $1,892 psf | 9 |
What it rents for
URA’s median of rental contracts lodged at Water Place in 2026Q3, per square foot per month.
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 D15
- The Continuum · $2,789 psf
- Arina East Residences · $2,784 psf
- Grand Dunman · $2,524 psf
- Mandarin Gardens · $1,285 psf
- Seaside Residences · $2,251 psf
- Tembusu Grand · $2,450 psf
- Amber House · $3,060 psf
- Silversea · $2,044 psf
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.