Water Place
Water Place is a 99-year condominium in District 15 (Kallang) that obtained TOP in 2004, with 437 units across 5 blocks. Across 977 transactions on record, units have recently transacted around S$2.45M (S$1,892 psf, ~1,281 sqft). There are 41 units for sale from S$1.35M to S$3.00M. The lease has approximately 71 years remaining.
| Tenure | 99-year leasehold from 1998 (≈71 years left) |
|---|---|
| TOP year | 2004 |
| Developer | TANJONG PROPERTIES PTE LTD |
| Units | 437 in 5 blocks |
| District and area | District 15 · Kallang · RCR |
| Nearest MRT | Tanjong Rhu MRT, 94 m (~2 min walk) |
| Latest median psf | S$1,892 psf, last 12 URA caveats to Oct 2026 |
What's for sale and for rent at Water Place?
Water Place has 41 units listed for sale, asking S$1.35M to S$3.00M (median S$2,017 psf), and 17 units for rent at a median of S$6,300 a month.
For sale
41 listings
S$1.35M – S$3.00M
For rent
17 listings
S$1,200 – S$6,500 a month
| Bedrooms | For sale | Asking price | Median PSF |
|---|---|---|---|
| 1-bedroom | 6 | S$1.35M–S$1.35M | S$1,844 psf |
| 2-bedroom | 11 | S$1.80M–S$1.90M | S$1,991 psf |
| 3-bedroom | 21 | S$2.40M–S$3.00M | S$2,047 psf |
| 4-bedroom | 3 | S$2.98M–S$2.98M | S$2,051 psf |
Asking prices of units currently listed on property portals, not transacted prices.
What are the floor plans and unit sizes at Water Place?
PropKaki has 34 layouts on record for Water Place, from 1 to 5 bedrooms (732 sqft to 4,241 sqft).
| Bedrooms | Layouts | Sizes |
|---|---|---|
| 1 Bedroom | 1 | 732 sq ft |
| 2 Bedroom | 3 | 904 to 1,130 sq ft |
| 3 Bedroom | 20 | 1,216 to 1,668 sq ft |
| 4 Bedroom | 5 | 1,453 to 3,089 sq ft |
| 5 Bedroom | 1 | 4,241 sq ft |
| Other layouts | 4 | — |
PropKaki holds no floor plan images for Water Place yet.
See Water Place's floor plans — ask PropKaki.
Ask PropKakisqm ↔ sq ft converterLayouts digitised from developer brochures.
What is the price and PSF at Water Place?
Units have recently transacted around S$2.45M (S$1,892 psf), at a gross rental yield of about 2.1% (URA caveat data).
Recent median price
S$2.45M
recent · 977 sales on record
Median PSF
S$1,892 psf
recent transactions
Median rent (monthly)
S$4,353
2,209 rentals on record
Gross rental yield
2.1%
indicative, gross
Units currently for sale are asking a median of S$2,017 psf — about 7% above the most recent transacted PSF.
Source: URA caveat data, through Oct 2026.
What has recently sold at Water Place?
Water Place has 977 recorded sales; the most recent transacted at S$2,750,000 in Oct 2026 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Oct 2026 | S$2,750,000 | 1,453 | S$1,892 psf |
| Jul 2026 | S$2,435,000 | 1,356 | S$1,795 psf |
| Jun 2026 | S$2,380,000 | 1,216 | S$1,957 psf |
| May 2026 | S$2,200,000 | 1,216 | S$1,809 psf |
| May 2026 | S$2,520,000 | 1,281 | S$1,967 psf |
| Apr 2026 | S$2,470,000 | 1,356 | S$1,821 psf |
| Apr 2026 | S$2,540,000 | 1,356 | S$1,873 psf |
| Feb 2026 | S$2,450,000 | 1,227 | S$1,997 psf |
| Feb 2026 | S$3,100,000 | 1,561 | S$1,986 psf |
| Dec 2025 | S$2,350,000 | 1,227 | S$1,915 psf |
| Nov 2025 | S$3,000,000 | 1,561 | S$1,922 psf |
| Oct 2025 | S$2,235,000 | 1,216 | S$1,837 psf |
977 sales and 2,209 rentals on record since Jan 2001. Source: URA.
Are prices at Water Place rising?
The median transacted PSF at Water Place has risen 58% over the past 9 years (2017–2026), from S$1,195 psf to S$1,892 psf (URA caveats).
| Year | Median PSF | Median price | Sales | YoY |
|---|---|---|---|---|
| 2026 | S$1,892 psf | S$2.47M | 9 | +3.0% |
| 2025 | S$1,837 psf | S$2.25M | 20 | +1.7% |
| 2024 | S$1,806 psf | S$2.35M | 15 | +9.9% |
| 2023 | S$1,644 psf | S$2.00M | 21 | +7.9% |
| 2022 | S$1,524 psf | S$1.93M | 20 | +16.5% |
| 2021 | S$1,308 psf | S$1.65M | 22 | +5.6% |
| 2020 | S$1,239 psf | S$1.59M | 9 | -6.6% |
| 2019 | S$1,327 psf | S$1.66M | 11 | +2.2% |
| 2018 | S$1,299 psf | S$1.58M | 30 | +8.7% |
| 2017 | S$1,195 psf | S$1.48M | 20 | — |
Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.
Is Water Place a good investment?
Of 524 units at Water Place that were bought and later resold (bought from 2001, resold up to 2026), 92% sold for more than they were bought for, with a median gain of 36% over a median 6.2-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 2.1%. Units listed now ask about 7% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.
Sold for more than bought
92%
of 524 resales here
Median gain
36%
gross, before costs
Median hold
6.2 years
bought to resold
Every unit at Water Place with a purchase and a later resale on record, matched from URA caveats. Check the odds for your unit size and holding period →
Where is Water Place and what's nearby?
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.
How far is Water Place from MRT and schools?
The nearest MRT/LRT to Water Place is Tanjong Rhu MRT, about 94 m away (~2 min walk).
Getting around
- Tanjong Rhu MRT94 m · ~2 min
- Stadium MRT731 m · ~11 min
Schools nearby
- Dunman High SchoolMixed-level school1.2 km
- Broadrick Secondary SchoolSecondary school1.9 km
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
Who built Water Place and how big is the development?
Water Place was developed by TANJONG PROPERTIES PTE LTD, designed by ARCHURBAN ARCHITECTS PLANNERS, with 437 units over up to 20 storeys.
- Developer
- TANJONG PROPERTIES PTE LTD
- Architect
- ARCHURBAN ARCHITECTS PLANNERS
- Main contractor
- WOH HUP (PRIVATE) LIMITED
- Floors
- 20 storeys
- Blocks
- 5
- Land area
- 19,126 sqm (205,870 sqft)
- Gross floor area
- 53,552 sqm (576,428 sqft)
- Plot ratio
- 2.80
What facilities does Water Place have?
Water Place has 13 facilities, including Aerobic pool, Barbeque Area, Covered car park, Fitness corner, and more.
What does it cost to own a unit at Water Place?
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
How many property agents are active around Water Place?
10,154 CEA-registered agents closed at least one recorded deal in District 15 — where Water Place sits — in the last 12 months, across all property types.
Active agents · 12mo
10,154
District 15 · closed ≥1 deal
Deals on record
62,704
all-time · all property types
Source: CEA public transaction records, attributed to District 15 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.
Thinking about Water Place? Ask before you commit.
A fair-value read, recent comps and what a unit really costs — from Water Place's own transactions.
PropKakiRecent units at Water Place sold close to their fair value — solid, no obvious overpay.
Frequently asked questions about Water Place
Is Water Place freehold?⌄
No. Water Place is on a 99-year lease that started in 1998, with about 71 years left.
How old is Water Place?⌄
Water Place was completed (obtained TOP) in 2004, so it is about 22 years old.
Is Water Place a good investment?⌄
Of 524 units at Water Place that were bought and later resold (bought from 2001, resold up to 2026), 92% sold for more than they were bought for, with a median gain of 36% over a median 6.2-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 2.1%. Units listed now ask about 7% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.
Is Water Place an EC?⌄
No. Water Place is a private condominium, not an executive condominium (EC).
Who is the developer of Water Place?⌄
Water Place was developed by TANJONG PROPERTIES PTE LTD.
What is the price of a condo at Water Place?⌄
Units at Water Place have recently sold for around S$2.45M (S$1,892 psf), the median of the last 12 URA caveats to Oct 2026. The price depends on size, floor and facing. 41 units are listed for sale from S$1.35M to S$3.00M.
Where is Water Place located?⌄
Water Place is at 179 Tanjong Rhu Road, Singapore 436606, in Kallang (District 15). The nearest MRT station is Tanjong Rhu MRT, about 94 m away.
How many units are there in Water Place?⌄
Water Place has 437 units in 5 blocks, up to 20 storeys high.
How much do I need to earn to buy at Water Place?⌄
For a unit around S$2.45M as a first home, you'd need roughly S$17,935/mo in income (assessed at the stress-test rate), with repayments near S$8,251/mo after a S$613k (25%) downpayment and S$92,100 Buyer's Stamp Duty.
Are prices at Water Place going up?⌄
The median price per square foot at Water Place has risen about 58% between 2017 and 2026, based on URA caveats. The year-by-year figures are in the price-trend table above.