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Condo prices · D16

Waterfront Waves

Bedok Reservoir Road · D16 · Outside central region · Condominium

The median sale at Waterfront Waves was $2,005,000 — $1,486 psf — across 68 transactions between Dec 2021 and Oct 2026. 99-year lease from 2007.

Median price
$2,005,000
68 sales in the window.
Median per sq ft
$1,486 psf
Median unit 1,308 sq ft.
Lease remaining
80 years
99-year lease from 2007

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
$2,089
$2,005,000 over 80 years remaining.
Per sq ft per year
$19.16
What a square foot of this development costs for one year of lease.
Lease expires
2106
19 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.

  • 2021two sales$1258
  • 202218 sales$1257
  • 202311 sales$1464
  • 202415 sales$1556
  • 202515 sales$1626
  • 2026seven sales$1662
Show the figures
YearMedian pricePer sq ftSales
2021$1,625,000$1,258 psf2
2022$1,614,000$1,257 psf18
2023$1,850,000$1,464 psf11
2024$2,110,000$1,556 psf15
2025$2,250,000$1,626 psf15
2026$2,200,000$1,662 psf7

What it rents for

URA’s median of rental contracts lodged at Waterfront Waves in 2025Q2, per square foot per month.

Median rent per sq ft
$3.95
A month. Middle half of contracts ran $3.84 to $4.13.
Gross yield
3.19%
A year of median rent against the median sale price.
Median sale per sq ft
$1,486 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 D16

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.