Overview & Key Facts
WATERCOVE is a freehold condominium at WAK HASSAN DRIVE in District 27 (OCR), developed by .
Location & Connectivity
WATERCOVE is located in District 27. Check the dashboard for full transport connectivity data.
Market Position
WATERCOVE has recorded 13 sales at an average price of $3,320,906.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 3 | $796 psf | — |
| 2022 | 2 | $936 psf | ↑ 17.6% |
| 2023 | 2 | $1,077 psf | ↑ 15.0% |
| 2024 | 2 | $1,006 psf | ↓ 6.6% |
| 2025 | 1 | $993 psf | ↓ 1.3% |
| 2026 | 3 | $1,001 psf | ↑ 0.8% |
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WATERCOVE prices have cooled 7.0% from the 2023 peak, yet remain 25.8% above where the series began in 2021. The most recent period recovered 0.8%, so the pullback may be finding a floor.
Price Index Check
The ShiokNest Price Index for District 27 reads 134.7 as of June 2026 — up 2.7% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| NORTH GAIA | 99 yrs lease commencing from 2021 | $1,312 psf | 615 |
| THE WATERGARDENS AT CANBERRA | 99 yrs lease commencing from 2020 | $1,493 psf | 525 |
| PROVENCE RESIDENCE | 99 yrs lease commencing from 2020 | $1,183 psf | 414 |
| CANBERRA CRESCENT RESIDENCES | 99 yrs lease commencing from 2024 | $1,990 psf | 339 |
| THE VISIONAIRE | 99 yrs lease commencing from 2015 | $1,369 psf | 286 |
What Could Work Against You
- Only 3 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: car-owning households, long-term hold (10+ yr) and freehold / generational hold. Suits households with a car who value parking access alongside MRT proximity.
foreign / absd-aware buyers, light renovation budget and resort facilities should treat this as a shortlist candidate, not a default choice.
families with young children, multi-generational families and cbd walking distance should probably look elsewhere. Family-suitable layout and OCR (Outside Central Region) location with established school catchments nearby.
One caution flagged here: avoid if mrt-dependent — MRT is ~2344m away — over a 15-minute walk. Daily transit-only commuters should consider better-connected alternatives.
Verdict
WATERCOVE is a freehold development in District 27 (OCR), offering a gross yield of 3.1%.
At ~$999 psf, it represents a competitive entry point in the OCR segment.
Explore the full WATERCOVE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing WATERCOVE against staying public? These HDB towns sit within walking or short-drive distance:
- Sembawang — 4-room average $616,333 (1.4 km away), an upgrader gap of about $2,700,000
FAQ
What is the average PSF for WATERCOVE?
Is WATERCOVE freehold?
What is the rental yield for WATERCOVE?
Sources & Next Steps
- WATERCOVE Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 27 (Sembawang, Yishun) — District 27 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 13 transactions
- Rental data: 27 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jun 2026 · 13 records analysed · Source: URA private-sale caveats