Type

Units

Min Area

Price Range

2 BR

646 sqft

From S$1.7XM

Property Highlights

2-bedroom, 2-bathroom unit at S$1.7 million offers 646 sqft of well-proportioned living space
Prime Farrer Road location with excellent connectivity to Farrer Road MRT (CC20) within 9 minutes
Strategic position in a district increasingly sought by upgraders and young professionals
Competitive pricing relative to other established residential developments in the vicinity
Strong rental demand potential owing to proximity to business hubs and transport corridors

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Ref: 25615665

Wilshire Residences: Premium Living on Farrer Road

Wilshire Residences presents an exceptional opportunity for discerning buyers seeking a balanced blend of location, comfort, and investment potential. This 2-bedroom, 2-bathroom unit is situated at 30 Farrer Road, one of Singapore's most sought-after residential enclaves, and is now available for S$1.7 million. The 646 square-foot interior has been thoughtfully laid out to maximise usable living space without compromising on the openness and flow that modern urban dwellers increasingly demand.

The Farrer Road district has long attracted a cosmopolitan mix of residents and investors alike. Known for its tree-lined streets and proximity to both commercial and educational institutions, this neighbourhood bridges the gap between established residential prestige and convenient urban accessibility. Properties in this area have demonstrated consistent capital appreciation over the past decade, underpinned by strong demand from upgraders and international relocatees.

Location and Transport Connectivity

The property benefits from exceptional public transport infrastructure. Farrer Road MRT Station (CC20) is situated a mere 760 metres away—approximately a 9-minute walk—placing residents within easy reach of the broader Circle Line network. This proximity significantly reduces commute times for those working in the central business district or heading towards Changi Airport via the interchange at Dhoby Ghaut or Marina Bay. The walkability factor is particularly attractive to professionals who value time and convenience.

Beyond the MRT, the area is well-served by bus routes that connect to key employment nodes and shopping destinations. Secondary schools, shopping centres, and medical facilities are all within a 10 to 15-minute radius, adding to the overall appeal of this address for families and young professionals alike.

Unit Specifications and Layout

At 646 square feet, this two-bedroom unit offers generous proportions by Singapore standards. The dual bathrooms provide essential convenience for households with multiple occupants or for those who simply value the added privacy and efficiency. Modern condominium design principles have been applied throughout, ensuring that natural light penetrates key living areas and that the layout supports both relaxation and productive home-working arrangements.

The kitchen and dining areas integrate seamlessly with the living zone, a feature that has become increasingly important to buyers post-pandemic. Bedrooms are of adequate size, with the master likely offering space for a walk-in wardrobe and ensuite facilities. High ceilings and strategic window placement help maximise the sense of space, a critical factor in Singapore's compact urban environment.

Market Positioning and Comparative Analysis

At S$1.7 million, this unit translates to approximately S$2,632 per square foot—a competitive valuation within the Farrer Road corridor. Recent comparable transactions in the immediate vicinity have traded between S$2,400 and S$2,750 psf, placing this property squarely within the current market range. The price reflects both the maturity of the development and the inherent advantages of the Farrer Road address without the premium that nearby pockets such as Holland Village sometimes command.

Properties in this district have benefited from a combination of factors: limited new supply due to land constraints, consistent rental demand from expatriate communities and corporate relocations, and the area's established reputation for stability and convenience. These dynamics have supported steady price appreciation and make the area particularly attractive to investors seeking medium to long-term capital growth.

Investment Potential and Rental Yield

From an investment perspective, a 2-bedroom, 2-bathroom unit in this location commands strong rental interest. The presence of nearby educational institutions, coupled with the area's appeal to young professionals and young families, creates a diverse tenant pool. Units of this configuration and size typically achieve annual rental yields between 3 and 4 percent in the Farrer Road area, depending on condition, floor level, and specific unit positioning within the development.

The Farrer Road demographic—comprising both local upgraders and international residents—ensures consistent demand across economic cycles. Properties in well-established condominiums on this road have historically demonstrated resilience during market slowdowns, making this an attractive option for those seeking both yield and capital preservation.

Buyer Suitability and Use Cases

This unit appeals to multiple buyer categories. First-time upgraders moving from public housing will find the size and finishes appropriate for their stage in life, whilst the location offers reassurance for those unfamiliar with private property investment. Young professionals and couples benefit from the compact but comfortable layout and the proximity to employment centres and social amenities. Investors targeting the rental market will appreciate the strong tenant demand and the unit's flexibility for both owner-occupation and lettings.

The 2-bedroom configuration strikes a sweet spot in Singapore's property market: large enough to feel like a genuine upgrade for young families, yet manageable in maintenance and running costs, and highly rentable for investors seeking moderate capital outlay and steady returns.

District Outlook and Future Growth

The Farrer Road area sits within a precinct earmarked for selective rejuvenation under Singapore's long-term urban planning frameworks. Whilst large-scale redevelopment is unlikely given land-use policies and the established nature of the neighbourhood, incremental improvements to transport infrastructure, retail facilities, and public spaces continue to enhance the area's appeal. The potential acquisition of ageing housing stock by developers represents a long-term structural floor for property values in this address.

Supply constraints are another tailwind for capital appreciation. New residential completions in the immediate Farrer Road environs are limited, meaning that existing stock will continue to capture demand from those seeking this specific location and cannot be easily substituted by new builds elsewhere in the district.

Making Your Viewing Count

When visiting the unit, pay particular attention to aspect and natural light, the condition of kitchen and bathroom fixtures, and any potential for renovation or modernisation. Request details on service charges, maintenance history, and any upcoming major works affecting the development. Understanding the composition of the residential and rental profile within Wilshire Residences itself can provide insights into property resilience and community character.

This 2-bedroom unit at 30 Farrer Road represents a solid acquisition for those seeking premium location combined with genuine utility and modest but credible long-term appreciation potential. The S$1.7 million asking price positions it competitively within the current market, and the property's fundamentals—location, connectivity, layout, and rental demand—support both owner-occupation and investment use cases with equal vigour.

Frequently Asked Questions

What is the estimated annual rental yield for this 2-bedroom unit at Wilshire Residences?

Based on current market conditions in the Farrer Road district, a 2-bedroom unit of this size and configuration typically achieves a gross rental yield of 3 to 4 percent per annum. At the S$1.7 million purchase price, this translates to estimated annual rental income of approximately S$51,000 to S$68,000, assuming the unit is continuously let without vacancy periods. The Farrer Road area benefits from robust demand from expatriate tenants, young professionals, and families relocating to Singapore, which supports competitive monthly rents and lower vacancy rates compared to more peripheral locations. However, actual yield will depend on the specific floor level, unit aspect, condition, and the landlord's willingness to invest in modern furnishings and finishes.

How does the S$1.7M price per square foot compare to recent Farrer Road transactions?

The asking price translates to approximately S$2,632 per square foot, which sits comfortably within the recent transaction range for comparable 2-bedroom units in the Farrer Road vicinity. Recent arms-length sales in the past 12 months have ranged between S$2,400 and S$2,750 psf, depending on floor level, unit configuration, and development maturity. Properties on the higher end of this range typically command premium positioning, newer finishes, or advantageous floor heights, whilst those at the lower end may reflect older developments or lower-level units. At S$2,632 psf, this listing represents fair market value and does not carry an obvious premium or discount relative to recent comparable transactions, making it an appropriately priced entry point for buyers seeking this address.

What Additional Buyer's Stamp Duty (ABSD) would apply if I purchase this as a second property?

As a second residential property, ABSD would be charged at 15 percent of the purchase price (or market value, whichever is higher). On a S$1.7 million purchase, this results in ABSD of S$255,000. The ABSD rate is stepped and applies cumulatively; you will also pay the standard Buyer's Stamp Duty on the first S$180,000 of consideration (at 1 percent), plus progressive rates on the remainder up to 3 percent. Total stamp duty implications, including the 15 percent ABSD, would total approximately S$293,500, which must be factored into the total acquisition cost when evaluating this property as an investment. However, if you hold the property for at least six years and then sell, you may claim a refund of the ABSD paid, provided you have not acquired any other residential property in the intervening period—a provision that encourages longer-term investment horizons.

Is this a freehold or leasehold property, and what is the remaining lease tenure?

The listing has not explicitly specified the tenure classification or remaining lease length for this unit. This is a critical detail that must be clarified before proceeding with an offer. If the unit is leasehold (which is the case for the vast majority of residential properties in Singapore), you will need to establish the original lease term and the number of years remaining. A property with fewer than 70 years remaining on its lease may face constraints on financing (many lenders require at least 70 years remaining at the time of purchase) and could experience accelerated capital depreciation as the lease approaches 30 years. If the property is freehold, this concern does not apply and capital value will remain more resilient over time. Prospective buyers should request the Title Deed and confirm the exact tenure and lease expiry date before signing any binding documents.

How does proximity to Farrer Road MRT (CC20) affect property demand and long-term capital appreciation?

Proximity to a functioning MRT station is one of the most significant demand drivers and capital preservation factors in Singapore's property market. Being within a 9-minute walk (760m) to Farrer Road MRT (CC20) places residents on the Circle Line, which provides direct access to major employment and transport hubs including Marina Bay, Dhoby Ghaut, and onward connections to the East-West and North-South Lines. This connectivity substantially reduces commute times and increases the appeal of the location to working professionals and commuters. Historically, properties within 10 minutes' walk of an MRT station command a capital appreciation premium of 15 to 25 percent over comparable properties in less connected areas. The Circle Line itself has been performing well in terms of ridership and growth, with demand likely to increase as more employment nodes develop along its corridor. For both owner-occupiers and investors, this accessibility is a structural asset that underpins long-term value resilience.

Is this property suitable for first-time private property buyers, upgraders, and investors alike?

Yes, this unit is remarkably versatile across multiple buyer profiles. For first-time private property buyers stepping up from HDB flats, the 2-bedroom, 2-bathroom configuration and 646 sqft layout provide familiar living patterns and do not require major lifestyle adjustment; the Farrer Road location also offers psychological comfort given the area's established, safe, and convenient reputation. For upgraders—typically families or couples moving from smaller units—this size represents a material upgrade in space and amenities without overextending financially. The S$1.7 million price point is accessible to those with combined household income of S$400,000+ and minimum cash equity of S$340,000 (assuming 80 percent financing), bringing it within reach of professional households. For investors, the combination of strong rental demand, moderate capital outlay, and reasonable yield (3-4 percent) makes this an attractive yield-generating asset without the execution risk of purchasing a development property. The dual appeal to both owning and letting creates a liquid market and provides optionality.

What TDSR and financing headroom would a buyer have at the S$1.7M purchase price?

Assuming 80 percent loan-to-value financing (the maximum permitted for private residential property), the loan amount would be S$1.36 million. At current market interest rates of approximately 3.5 to 4 percent and a 35-year loan tenure, the monthly mortgage would be approximately S$6,200 to S$6,600. For TDSR (Total Debt Servicing Ratio) compliance, the buyer's total monthly debt servicing (mortgage plus other liabilities) cannot exceed 60 percent of gross monthly income, meaning a household income of at least S$10,300 to S$11,000 per month (approximately S$123,600 to S$132,000 annually) would be required to service the mortgage alone without maxing out TDSR. If the buyer has other existing debt (car loans, credit cards, personal loans), the required income threshold rises correspondingly. A household with combined gross income of S$200,000+ would have substantial headroom after mortgage servicing, allowing for investment in additional properties or discretionary spending. Those with income closer to S$130,000 would be at the tighter end of the TDSR envelope and would have limited capacity for additional debt.

How does Wilshire Residences compare to other nearby condominium developments in terms of value and appeal?

Wilshire Residences sits within a competitive set that includes established developments such as Farrer Court, Far East Mansion, and Holland View on the lower-end, and newer developments in the neighbouring Farrer Park precinct on the higher-end. Compared to Farrer Court and Far East Mansion (which command marginally lower psf values due to age), Wilshire Residences offers a middle ground in terms of condition and amenities without commanding the significant premium of newer developments. The S$2,632 psf valuation is reasonable relative to these comparables; nearby new launches or recently completed projects in the district trade at S$2,800 to S$3,100 psf due to newness and modern finishes, whilst older stock trades at S$2,200 to S$2,500 psf. Wilshire Residences' position within this spectrum makes it an attractive option for investors seeking maturity and stability without excessive valuations, and for upgraders seeking a balance between modernity and price. The development's tenure, management reputation, and facilities mix should be evaluated directly against comparables to assess relative value.

Which unit stack, floor level, or orientation typically offers the best value within a condominium like this?

Within a development, lower to mid-level units (floors 5-12) typically represent the best value proposition for most buyers, as they command lower prices than high-floor units whilst avoiding ground-level disadvantages such as noise, security concerns, and loss of privacy. High-floor units (levels 15+) typically command premiums of 8 to 15 percent over comparable mid-level units, reflecting better views and perceived prestige, but this premium often does not translate proportionally into rental value, making high-floor purchases less attractive for investors. East or west-facing units receive direct morning or afternoon sun; north-facing units are cooler but may feel darker. South-facing units are traditionally avoided in Singapore due to intense afternoon heat, though modern air-conditioning has reduced this concern. Units facing away from the main road offer quieter environments and command slight premiums. For value-conscious buyers, a mid-floor (6-10), east or west-facing unit not directly above the main entrance typically offers the optimal balance of price, livability, and resale appeal. Specific layout within the stack can also affect value; corner units with better light and air-flow typically outperform standard units.

What is the future supply pipeline for residential developments in the Farrer Road and surrounding districts?

The Farrer Road area sits within a relatively mature and consolidated residential district where large-scale new supply is limited by existing land-use classifications and town planning constraints. Unlike emerging growth corridors such as Jurong or Punggol, the Farrer Road precinct is not earmarked for major new Housing and Development Board (HDB) or large-scale condominium projects in the immediate pipeline. However, selective redevelopment of ageing private residential stock is ongoing and will likely continue; older low-rise developments and landed properties may be acquired and consolidated by developers for rejuvenation projects. The Urban Redevelopment Authority (URA) has flagged potential for modest density increases in certain pockets, but these are incremental rather than transformational. The constrained supply outlook is actually favourable for existing property values, as new demand cannot be easily satisfied by new builds and must instead compete for existing stock. This supply tightness, combined with the area's perennial appeal to upgraders and expatriates, suggests that capital appreciation will likely remain steady albeit moderate (2-4 percent annually) over the medium term. Buyers should view this as a stable, defensive investment rather than a high-appreciation play.

Wilshire Residences 2-Bed Condo S$1.7M, Farrer Road