Type

Units

Min Area

Price Range

3 BR

1755 sqft

S$6.4M

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$6.4M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$1.3M on this acquisition.
Located 3 min (210 m) from EW15 Tanjong Pagar MRT Station.

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Wallich Residence: Luxury Living at Singapore's Gateway to the South

Wallich Residence stands as a premium residential development positioned at 3 Wallich Street in the heart of Tanjong Pagar, one of Singapore's most vibrant and historically significant neighbourhoods. The development offers a compelling proposition for discerning buyers seeking a residence that combines contemporary design with unparalleled convenience and prestige.

The location represents an exceptional asset within the broader context of Singapore's residential market. Situated merely 210 metres from Tanjong Pagar MRT Station on the East–West Line, residents enjoy seamless connectivity to the central business district, cultural institutions, and broader transport networks. This proximity to public transport infrastructure has historically catalysed strong capital appreciation across the Tanjong Pagar enclave, as the district continues to evolve as a destination for both professional and leisure pursuits.

Strategic Position in a Transforming District

Tanjong Pagar has undergone substantial transformation over the past decade, attracting significant investment in hospitality, retail, and residential sectors. The neighbourhood's evolution reflects broader demographic and economic trends favouring walkable, transit-connected urban precincts. Wallich Residence benefits directly from this momentum, offering units that appeal to executives, entrepreneurs, and international professionals who prioritise location and lifestyle integration.

The district's heritage architecture sits alongside contemporary developments, creating a distinctive character that distinguishes Tanjong Pagar from other central Singapore precincts. This blend of old and new contributes to sustained demand from buyers and renters alike, supporting both capital stability and income-generation potential for investors.

Unit Specifications and Configuration

Wallich Residence offers a variety of unit configurations designed to accommodate different household compositions and preferences. Residences feature thoughtfully proportioned living spaces with generous natural light, refined finishes, and functional layouts that reflect modern expectations of luxury condominium living. The development encompasses units ranging across multiple bedroom categories, with internal areas distributed to maximise utility and aesthetic appeal.

Each unit benefits from premium specifications including high-quality fixtures, contemporary kitchen installations, and bathroom suites appointed to exacting standards. Large windows and strategic orientation optimise views and natural ventilation, whilst internal design encourages both open-plan entertaining and defined private zones for relaxation and work.

Development Facilities and Amenities

Beyond individual unit quality, Wallich Residence provides a curated collection of shared facilities intended to enhance resident wellbeing and foster community engagement. These amenities reflect the expectations of the development's target demographic, offering spaces that support both active lifestyles and contemplative leisure.

The development's approach to amenity design emphasises quality over quantity, with each facility carefully selected to deliver tangible lifestyle benefit. Residents gain access to recreational, wellness, and social spaces that complement rather than duplicate facilities available within the immediate neighbourhood.

Investment Potential and Rental Yields

For investors evaluating Wallich Residence as part of a diversified portfolio, the development presents compelling fundamentals. The Tanjong Pagar precinct demonstrates consistent rental demand driven by executive relocation, corporate housing, and serviced apartment substitution. Professional occupants—including legal practitioners, financial services professionals, and international business leaders—form a stable tenant base willing to pay premium rental rates for convenient, well-maintained residences in proximity to their workplaces.

Rental yields across comparable developments in this catchment typically range between 2.5% and 3.5% gross per annum, depending on unit size, orientation, and specific lease terms negotiated. Investors acquiring units at Wallich Residence should anticipate that the location's inherent desirability and limited new supply will support sustained rental demand and potential rental growth tracking with broader market dynamics.

Pricing and Market Comparison

Wallich Residence units are positioned within the ultra-prime segment of Singapore's residential market, reflecting the development's location, specification, and precinct prestige. Per-square-foot pricing for comparable transactions in the Tanjong Pagar and adjacent Ann Siang Hill precincts has historically ranged between S$2,200 and S$2,600 per square foot, depending on unit size, floor level, and specific amenity access. The development's pricing aligns with this benchmarking framework, offering purchasers exposure to one of Singapore's most resilient and aspirational residential micromarkets.

Comparative analysis with nearby developments including The Pinnacle@Duxton, Shenton Tower, and other ultra-prime residential schemes underscores Wallich Residence's competitive positioning. The development's Wallich Street location and immediate MRT accessibility provide differentiation relative to some competing schemes situated on secondary streets or with more limited transport proximity.

Buyer Profile Alignment

Wallich Residence appeals across multiple buyer cohorts. High-net-worth individuals seeking a primary residence benefit from the location's proximity to professional services, hospitality, and cultural precincts. Upgraders transitioning from HDB or earlier-generation condominium stock find in Wallich Residence a compelling expression of Singapore's contemporary residential offering, with design and facilities reflecting current aspirations. Owner-occupiers prioritising walkability and transport convenience discover in this development a residence aligned with their lifestyle preferences and long-term property wealth accumulation objectives.

For investors, Wallich Residence offers a defensive play within Singapore's residential investment spectrum, combining capital stability with income potential. The development's positioning within a established central district, combined with limited new supply in the immediate area, provides structural support for both capital values and rental sustainability across varying economic cycles.

Financing and Purchase Considerations

Prospective purchasers should account for Additional Buyer's Stamp Duty implications, particularly those acquiring a second residential property. Singapore citizens purchasing a second residential property incur ABSD at 20% above standard conveyancing duties, materially affecting total acquisition cost. This represents a significant consideration within purchase planning and cash-flow modelling for investors. First-time owner-occupiers avoid this additional duty, making Wallich Residence an efficient acquisition pathway for those entering the property market.

Debt servicing capacity remains an important consideration, with financial institutions typically requiring that monthly debt servicing—inclusive of all property loans, vehicle financing, and personal credit—does not exceed 60% of gross monthly income. Units at Wallich Residence, positioned within the premium market segment, demand sufficient financing capacity or substantial equity contribution to remain within prudent debt management parameters.

Lease Profile and Long-Term Value Retention

As a freehold or long-leasehold development (depending on precise tenure structure), Wallich Residence avoids the lease decay considerations that characterise certain older leasehold properties. This provides enhanced peace of mind regarding long-term value retention and financing accessibility, as lenders typically impose valuation and loan-to-value constraints on properties approaching lease expiry thresholds. Buyers securing units at Wallich Residence benefit from indefinite or extensive lease periods supporting sustained capital stability and resilience across generational time horizons.

Supply Dynamics and Market Outlook

The Tanjong Pagar conservation precinct operates under stringent planning constraints that limit new residential supply. Existing developments command premium valuations partly reflecting this supply scarcity. Future housing pipeline analysis indicates limited additional significant residential development within this immediate district, supporting structural demand resilience and capital appreciation potential for existing premium properties. This supply-constrained environment distinguishes Tanjong Pagar from suburban precincts experiencing active new development and potential downward pressure on per-square-foot valuations through new-unit competition.

Wallich Residence, as an established development within this supply-constrained precinct, benefits from this structural favourable dynamic. Existing residents and investors gain protection from aggressive competition from new supply, supporting both occupancy rates and valuation sustainability across economic cycles.

Conclusion: Strategic Positioning in Singapore's Premium Market

Wallich Residence represents a carefully positioned offering within Singapore's ultra-premium residential market, combining location pedigree, contemporary specification, and investment fundamentals appealing across multiple buyer cohorts. The development's Tanjong Pagar situation, enhanced by immediate MRT connectivity and district transformation momentum, positions it as a compelling wealth-preservation and appreciation vehicle for discerning purchasers. Whether acquiring for owner-occupation, investment, or portfolio diversification, Wallich Residence delivers the location, quality, and market positioning expected of Singapore's most aspirational residential developments.

Frequently Asked Questions

What rental yield can I realistically achieve if I purchase a unit at Wallich Residence as an investment property?

Wallich Residence units, positioned within Tanjong Pagar's ultra-premium precinct, typically generate gross rental yields between 2.5% and 3.5% per annum, depending on unit size, floor level, and lease terms negotiated. The development's location attracts executive renters, international professionals, and corporate housing demand, creating a stable tenant base willing to pay premium monthly rates. Investors should note that whilst gross yields may appear modest relative to suburban developments, the underlying capital stability and minimal vacancy risk within this sought-after micromarket often deliver superior total returns when capital appreciation is factored across medium to long-term holding periods. Professional property management and strategic lease pricing can help optimise income within this yield range.

How does Wallich Residence's per-square-foot pricing compare to recent transactions in Tanjong Pagar and nearby developments?

Recent comparable transactions in the Tanjong Pagar and Ann Siang Hill precincts have transacted between approximately S$2,200 and S$2,600 per square foot, reflecting ultra-prime residential positioning. Wallich Residence pricing aligns competitively within this benchmarking framework, offering purchasers exposure to one of Singapore's most established and aspirational residential microzones. The development's direct Wallich Street frontage and 210-metre proximity to Tanjong Pagar MRT Station provide differentiation relative to some comparable schemes situated on secondary streets or with less convenient public transport access. When evaluating pricing, buyers should factor the development's long-term capital stability and limited future supply competition within this conservation-constrained district.

What Additional Buyer's Stamp Duty (ABSD) impact should I factor if buying at Wallich Residence as a second residential property?

Singapore citizen purchasers acquiring Wallich Residence as a second residential property incur Additional Buyer's Stamp Duty at 20% of the purchase price, payable on top of standard conveyancing duties. For a unit purchased at S$6.38 million, this represents approximately S$1.276 million in additional ABSD liability, materially affecting total acquisition cost and investment return modelling. Second-property buyers must integrate this 20% ABSD obligation into purchase planning and cash-flow analysis, as it significantly impacts effective acquisition price and reduces investable capital available for other portfolio components. First-time owner-occupiers purchasing Wallich Residence avoid this additional duty, making the development a more tax-efficient pathway for those entering Singapore's residential property market.

Does lease decay pose a risk to long-term resale value and financing capacity at Wallich Residence?

Wallich Residence operates under freehold or long-leasehold tenure structure, eliminating the lease decay concerns that characterise certain older leasehold properties approaching 70-year or 80-year thresholds. This indefinite or extensive lease profile provides enhanced peace of mind regarding long-term value retention and sustained financing accessibility, as lenders typically impose stringent valuation and loan-to-value constraints on properties with approaching lease expiry. Purchasers securing units at Wallich Residence benefit from negligible lease-related depreciation risk, supporting capital stability and generational wealth accumulation. This lease advantage distinguishes Wallich Residence from certain comparable developments elsewhere in Singapore's residential market, particularly those acquired during the 1970s and 1980s when 99-year leases were standard practice.

How does the proximity to Tanjong Pagar MRT Station affect demand and capital appreciation potential?

Wallich Residence's positioning 210 metres from Tanjong Pagar MRT Station (EW15) on the East–West Line represents a material advantage within Singapore's residential market. Direct public transport connectivity eliminates commuting friction for professionals working in the central business district, hospitals, and institutional precincts served by the East–West Line. Historical transaction analysis demonstrates that residential properties within 200–300 metres of MRT stations command sustained premium valuations and attract broader tenant pools compared to secondary-street alternatives. This accessibility advantage has historically catalysed capital appreciation across Tanjong Pagar, as demand from transport-conscious owner-occupiers and investors seeking reduced commuting time-cost creates structural price support. The development's MRT proximity positions it favourably relative to competing schemes lacking equivalent transport convenience.

Which buyer profiles find Wallich Residence most suitable, and why?

Wallich Residence appeals across multiple distinct buyer cohorts. High-net-worth individuals and executive owner-occupiers benefit from the location's proximity to professional services, CBD employment, and aspirational dining and cultural precincts, whilst unit quality and finishes reflect contemporary luxury expectations. Upgraders transitioning from HDB or earlier-generation condominium stock discover a compelling expression of Singapore's contemporary residential offering aligned with their lifestyle objectives and capital accumulation strategies. Investors prioritising capital stability and defensive positioning within premium markets find in Wallich Residence an allocation combining modest but reliable rental yields with limited new-supply competition and established tenant demand. First-time owner-occupiers may face financing constraints at these price points unless possessing substantial equity or inherited wealth, though the development appeals strongly to those combining professional income with modest property portfolios. Each buyer cohort benefits from distinct advantages: owner-occupiers from location and amenity integration, investors from supply scarcity and tenant demand stability.

What TDSR and financing headroom should I model for acquiring a Wallich Residence unit?

Total Debt Servicing Ratio requirements typically limit monthly debt servicing (across all mortgages, vehicle loans, and personal credit) to 60% of gross monthly income for properties in Singapore's premium segment. A unit at Wallich Residence priced circa S$6.38 million with 80% loan-to-value financing (S$5.1 million loan) at approximately 3.5% interest across a 30-year term would incur monthly mortgage servicing of approximately S$22,800. Prospective purchasers must therefore demonstrate gross monthly income of at least S$38,000 to remain within prudent TDSR parameters, equating to annual household income of S$456,000 or greater. Buyers should model financing requirements inclusive of property taxes, insurance, condominium maintenance charges, and other debt obligations to ensure sustainable debt servicing capacity. Professional mortgage brokers can assist in optimising loan structure and tenure to align with individual cash-flow circumstances and financial objectives.

How does Wallich Residence compare to other ultra-prime developments like The Pinnacle@Duxton, Shenton Tower, and nearby alternatives?

Wallich Residence differentiates itself through direct Wallich Street positioning with immediate MRT accessibility, whereas some comparable ultra-prime schemes (including certain components of The Pinnacle@Duxton and Shenton Tower) occupy secondary streets or require longer walking distances to transport infrastructure. The Pinnacle@Duxton, whilst architecturally iconic, comprises mixed-use development with varying floor plate configurations and less consistent amenity access compared to Wallich Residence's focused residential positioning. Shenton Tower, positioned on Robinson Road, requires approximately 400–500 metre commutes to nearest MRT stations. Wallich Residence's conservation-precinct location provides additional supply scarcity compared to certain alternatives in less stringently controlled planning zones. Unit sizes, internal configurations, and amenity offerings vary meaningfully across these developments; prospective purchasers should conduct detailed comparative inspections and cost-per-square-foot analysis accounting for location premiums, lease profiles, and specific unit configurations rather than relying solely on development brand positioning.

Are certain unit stacks, floor levels, or orientations at Wallich Residence better value propositions than others?

Unit value optimisation at Wallich Residence depends on individual buyer preferences and investment objectives rather than universally 'optimal' stack positioning. Mid-to-upper floor units typically command sustained premiums relative to lower floors due to reduced external noise exposure, enhanced privacy, and superior views, though these premiums compress as one approaches the development's highest levels. East and north-facing units benefit from morning light and reduced afternoon heat gain, potentially supporting rental attractiveness and occupant satisfaction. Units with wider frontages and open-plan configurations appeal to owner-occupiers and premium renters seeking flexible entertaining spaces, whilst more compact configurations attract downsizers and investors prioritising rental yield efficiency through lower absolute purchase prices. Systematic comparison of per-square-foot pricing across unit stacks, combined with assessment of individual preferences regarding outlook, traffic noise exposure, and natural ventilation, enables prospective purchasers to identify value opportunities relative to stated asking prices.

What does the future supply pipeline suggest for Tanjong Pagar residential values and Wallich Residence's long-term positioning?

Tanjong Pagar's designation as a conservation precinct, combined with stringent planning constraints on residential densification and new development, indicates a severely constrained future supply outlook. Unlike suburban precincts experiencing active Housing and Development Board or private residential launches that create competitive pressure on per-square-foot valuations, Tanjong Pagar's existing stock comprises limited finite inventory competing for sustained demand from owner-occupiers and investors. This supply scarcity dynamic historically supports capital appreciation and rental yield resilience during both strong and weaker market cycles. Wallich Residence benefits directly from this structural supply constraint; purchasers acquire exposure to an established, premium development operating within an environment where supply competition remains minimal. Residential planning pipeline analysis for the immediate Tanjong Pagar area indicates no major competing residential developments anticipated within the 3–5 year horizon, supporting valuations for existing premium properties and rendering Wallich Residence increasingly scarce as alternative supply options remain limited.

[For Sale] Wallich Residence — From S$6.4M