Water Place
Water Place is a 99-year leasehold condominium located in District 15 (Joo Chiat, Amber Road, Katong), part of the Rest of Central Region (RCR). Completed in 2005, the development comprises 437 units, on a lease that commenced in 1998. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
WATER PLACE
Over the 12 months to Jun 2026, Water Place recorded 15 resale transactions at a median $1,915 psf (median price $2,450,000), and 69 rental contracts at a median $6,000/mo, a gross rental yield of 2.9%. Source: URA caveat data, as of Jun 2026.
Water Place's median of $1,915 psf over the trailing 12 months places its pricing above roughly 61% of District 15 condos; resale liquidity has been moderate with 15 caveats lodged; the 2.9% gross rental yield sits below the ~3% private-market benchmark. Figures reflect URA-registered resale caveats and exclude new-launch sales; weigh unit-specific factors — floor, facing and remaining lease — against this project-level average.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Jun-26 | $2,380,000 | $1,957 psf | 1,216 sqft | 11 to 15 | 3BR |
| May-26 | $2,200,000 | $1,809 psf | 1,216 sqft | 01 to 05 | 3BR |
| May-26 | $2,520,000 | $1,967 psf | 1,281 sqft | 16 to 20 | 3BR |
| Apr-26 | $2,540,000 | $1,873 psf | 1,356 sqft | 11 to 15 | 4BR |
| Apr-26 | $2,470,000 | $1,821 psf | 1,356 sqft | 11 to 15 | 4BR |
| Feb-26 | $2,450,000 | $1,997 psf | 1,227 sqft | 16 to 20 | 3BR |
| Feb-26 | $3,100,000 | $1,986 psf | 1,561 sqft | 06 to 10 | 4BR |
| Dec-25 | $2,350,000 | $1,915 psf | 1,227 sqft | 11 to 15 | 3BR |
Can I afford Water Place?
Get the monthly repayment, total interest and cash flow based on this project’s median price of $2,450,000.
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.