Overview & Key Facts
WATERCREST is a 999 yrs lease commencing from 1885 condominium at LOYANG BESAR CLOSE in District 17 (OCR), developed by SIN CHUAN DEVELOPMENT PTE LTD, comprising 16 units, completed in 1993.
Location & Connectivity
WATERCREST is approximately 1030m from Pasir Ris MRT station.
| Station | Line | Distance |
|---|---|---|
| Pasir Ris | East-West Line | 1 km |
Schools & Education
9 schools within 2 km (4 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Pasir Ris Primary School | Primary | 840m |
| Pasir Ris Crest Secondary School | Secondary | 850m |
| Stamford American International School | International | 950m |
| Meridian Primary School | Primary | 990m |
| Pasir Ris Secondary School | Secondary | 1 km |
| Meridian Secondary School | Secondary | 1 km |
| Elias Park Primary School | Primary | 1 km |
| Brighton College (Singapore) | International | 1.1 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 1 | $999 psf | $860,000 |
| 3 BR | 6 | $1,038 psf | $1,306,667 |
| 4 BR | 1 | $1,056 psf | $1,660,000 |
Market Position
WATERCREST has recorded 8 sales at an average price of $1,295,000.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 2 | $983 psf | — |
| 2023 | 1 | $952 psf | ↓ 3.2% |
| 2025 | 2 | $1,093 psf | ↑ 14.8% |
| 2026 | 3 | $1,061 psf | ↓ 2.9% |
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WATERCREST prices have cooled 2.9% from the 2025 peak, yet remain 7.9% above where the series began in 2021.
Price Index Check
The ShiokNest Price Index for District 17 reads 148.0 as of June 2026. 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 |
|---|---|---|---|
| COASTAL CABANA | 99 years leasehold | $1,793 psf | 619 |
| THE JOVELL | 99 yrs lease commencing from 2018 | $1,395 psf | 271 |
| KASSIA | Freehold | $2,032 psf | 228 |
| HEDGES PARK CONDOMINIUM | 99 yrs lease commencing from 2010 | $1,154 psf | 196 |
| PARC KOMO | Freehold | $1,628 psf | 179 |
Lease Analysis
With 66 years remaining on its 99-year lease, WATERCREST still qualifies for full bank financing and CPF usage.
What Could Work Against You
- Only 4 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.
- At 16 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
- Completed in 1993, the development is over 33 years old — budget for rising maintenance, dated M&E systems, and the possibility that value increasingly rests on en-bloc potential rather than the units themselves.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: car-owning households, long-term hold (10+ yr), freehold / generational hold and boutique low-density (<100 units). Suits households with a car who value parking access alongside MRT proximity.
en-bloc speculators should treat this as a shortlist candidate, not a default choice.
first-time hdb upgraders should probably look elsewhere. OCR (Outside Central Region) pricing sits within reach of HDB upgraders banking proceeds from a mature-estate resale.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
WATERCREST is a 999 yrs lease commencing from 1885 development in District 17 (OCR), with 16 units, offering a gross yield of 2.8%.
At ~$1,074 psf, it represents a competitive entry point in the OCR segment.
Explore the full WATERCREST dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing WATERCREST against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for WATERCREST?
Is WATERCREST freehold?
What is the rental yield for WATERCREST?
Which MRT is nearest to WATERCREST?
Sources & Next Steps
- WATERCREST Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 17 (Changi, Loyang) — District 17 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: 8 transactions
- Rental data: 51 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jun 2026 · 8 records analysed · Source: URA private-sale caveats