PropKaki
99-yearRCRDistrict 15 (Kallang)

Water Place

Reviewed by Nathan TangUpdated 20 June 2026Data through May 2026 (URA)
Quick Summary

Water Place is a 99-year condominium in District 15 (Kallang) that obtained TOP in 2004, with 437 units across 5 blocks. Units have recently transacted around S$2.45M (S$1,873 psf), from 973 sales on record. There are 31 units for sale from S$1.47M to S$3.10M. The lease has approximately 71 years remaining.

1

What are the key facts about Water Place?

Key Takeaway

Water Place is a 99-year condominium in District 15 (Kallang) that obtained TOP in 2004, with 437 units across 5 blocks.

Tenure
99-year
TOP / Completion
2004
Developer
TANJONG PROPERTIES PTE LTD
Total units
437
Blocks
5
District / Area
District 15 (Kallang)
Market segment
RCR
Median PSF
S$1,873 psf
Last transacted
May 2026
Remaining lease
≈ 71 years
2

What is the price and PSF at Water Place?

Key Takeaway

Units have recently transacted around S$2.45M (S$1,873 psf), at a gross rental yield of about 2.1% (URA caveat data).

Recent median price

S$2.45M

recent · 973 sales on record

Median PSF

S$1,873 psf

recent transactions

Median rent (monthly)

S$4,310

2,174 rentals on record

Gross rental yield

2.1%

indicative, gross

Units currently for sale are asking a median of S$2,015 psf — about 8% above the most recent transacted PSF.

Source: URA caveat data, through May 2026.

3

What has recently sold at Water Place?

Key Takeaway

Water Place has 973 recorded sales; the most recent transacted at S$2,520,000 in May 2026 (URA caveat data).

DatePriceSize (sqft)PSF
May 2026S$2,520,0001,281S$1,967 psf
Apr 2026S$2,470,0001,356S$1,821 psf
Apr 2026S$2,540,0001,356S$1,873 psf
Feb 2026S$2,450,0001,227S$1,997 psf
Feb 2026S$3,100,0001,561S$1,986 psf
Dec 2025S$2,350,0001,227S$1,915 psf
Nov 2025S$3,000,0001,561S$1,922 psf
Oct 2025S$2,235,0001,216S$1,837 psf
Aug 2025S$2,280,0001,227S$1,858 psf
Aug 2025S$2,380,0001,216S$1,957 psf
Aug 2025S$2,170,0001,216S$1,784 psf
Aug 2025S$2,508,0001,356S$1,849 psf

973 sales and 2,174 rentals on record since Jan 2001. Source: URA.

4

What bedroom types are available at Water Place?

Key Takeaway

Water Place has 31 units listed for sale, spanning 1–4-bedroom layouts.

Based on units currently listed for sale.

BedroomsFor salePrice rangeMedian PSF
1-bedroom2S$1.47M–S$2.98M
2-bedroom7S$1.80M–S$1.98MS$1,991 psf
3-bedroom15S$2.28M–S$3.10MS$2,015 psf
4-bedroom7S$2.93M–S$2.98M
5

Where is Water Place and what's nearby?

Key Takeaway

Water Place is located in Kallang, in the Central Region of Singapore.

Water Place is a 99-year condominium completed in 2004. It was developed by TANJONG PROPERTIES PTE LTD. The development has 437 residential units. It sits on a land area of 19,126 sqm and has a gross floor area of 53,552 sqm. The plot ratio is 2.8.

WATER PLACE is located at 179 Tanjong Rhu Road, Singapore 436606. It is part of District 15, Katong / Joo Chiat / Amber Road, Kallang. The project falls within the Central Region and the RCR market segment.

The nearest rail connection is Tanjong Rhu MRT, approximately 94m away, around 2 minutes on foot. Nearby amenities include Kallang Wave Mall for shopping, NTUC Fairprice Co-operative Ltd for groceries, and East Coast Park Area A for greenery and recreation. Facilities in the development include Aerobic pool, Barbeque Area, Covered car park, Fitness corner, Fun pool, and Gymnasium room.

6

How far is Water Place from MRT and schools?

Key Takeaway

The nearest MRT/LRT to Water Place is Tanjong Rhu MRT, about 94 m away (~2 min walk).

Getting around

Schools nearby

  • Dunman High SchoolMixed-level school1.2 km
  • Broadrick Secondary SchoolSecondary school1.9 km

Shops, food & parks

Mall: Kallang Wave Mall · 703 mSupermarket: NTUC Fairprice Co-operative Ltd · 703 mPark: East Coast Park Area A · 466 m

Straight-line distances from the development. Source: PropKaki amenities data.

7

What facilities does Water Place have?

Key Takeaway

Water Place has 13 facilities, including Aerobic pool, Barbeque Area, Covered car park, Fitness corner, and more.

Aerobic poolBarbeque AreaCovered car parkFitness cornerFun poolGymnasium roomJacuzziKaraokePlaygroundPutting Green24 hours securitySwimming poolTennis courts
8

What does it cost to own a unit at Water Place?

Key Takeaway

Buying a unit at Water Place (~S$2.45M) needs about S$17,935/mo in income and S$8,251/mo in repayments, after S$92,100 stamp duty and a S$613k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$2.45M) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →

Buyer's Stamp Duty

S$92,100

BSD, tiered

Downpayment (25%)

S$613k

cash + CPF

Monthly instalment

S$8,251/mo

30y @ 3.5%

Income required

S$17,935/mo

TDSR @ stress rate

9

Frequently asked questions about Water Place

What is the price at Water Place?

Units at Water Place have recently transacted around S$2.45M (S$1,873 psf), from 973 sales on record (URA caveat data).

What is the PSF at Water Place?

Units for sale at Water Place are asking a median of about S$2,015 psf.

Is Water Place freehold or leasehold?

Water Place is 99-year, with approximately 71 years remaining on the lease.

When was Water Place built?

Water Place obtained TOP in 2004, developed by TANJONG PROPERTIES PTE LTD.

How many units are for sale at Water Place?

There are 31 units for sale at Water Place, from S$1.47M to S$3.10M.

What is the rental yield at Water Place?

Gross rental yield at Water Place is about 2.1%, based on median current rents and prices.

How many units are in Water Place?

Water Place has 437 units across 5 blocks.

What facilities does Water Place have?

Water Place has 13 facilities, including Aerobic pool, Barbeque Area, Covered car park, Fitness corner, Fun pool, Gymnasium room, and more.

What is the nearest MRT to Water Place?

The nearest MRT/LRT station to Water Place is Tanjong Rhu MRT, about 94 m away (~2 min walk).

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