Type

Units

Min Area

Price Range

3 BR

753 sqft

S$2.2M – S$2.3M

Property Highlights

Condo development with 2 units currently available.
Prices currently range from S$2.2M to S$2.3M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$440K on this acquisition.
Located 9 min (760 m) from CC20 Farrer Road MRT Station.

Price Trends & Rental Yield

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Wilshire Residences: Premium Living on Farrer Road

Wilshire Residences represents a carefully positioned residential development situated along Farrer Road, one of Singapore's most desirable addresses for condominium living. The development occupies a location that balances accessibility with the tranquillity associated with Singapore's central region, placing residents within easy reach of major transport nodes whilst maintaining the leafy, established character that defines the neighbourhood.

The development benefits significantly from its proximity to Farrer Road MRT Station on the Circle Line (CC20), positioned just nine minutes' walk away via a direct pedestrian route covering approximately 760 metres. This proximity to mass rapid transit delivers substantial convenience advantages for both daily commuting and leisure travel across Singapore's rail network. The Circle Line itself has become increasingly significant for connectivity, linking residents directly to business districts, shopping centres, and entertainment precincts throughout the island.

Unit Composition and Living Spaces

Wilshire Residences comprises multiple residential units configured to appeal to a diverse range of buyer profiles and household compositions. Individual units within the development typically feature comprehensive layouts spanning approximately 797 square feet or more, offering sufficient space for families, professionals, and investor buyers seeking well-proportioned accommodation. The development includes units across various bedroom counts, enabling purchasers to select configurations aligned with their specific residential requirements and long-term property objectives.

Each unit has been designed with attention to functional living arrangements, incorporating distinct living, sleeping, and bathroom spaces that facilitate comfortable daily living. The scale of these properties positions them within the mid-range luxury segment, appealing to purchasers seeking quality fittings and thoughtful spatial planning without requiring the footprint of larger landed properties.

Strategic Location and Neighbourhood Character

Farrer Road occupies a unique position within Singapore's residential geography, characterised by established tree-lined streets, mature landscaping, and an enviable collection of dining establishments and retail outlets catering to discerning residents. The neighbourhood has evolved over decades into a destination for quality living, attracting both owner-occupiers and investor buyers seeking exposure to one of the island's most consistent residential markets.

The development's location provides residents with immediate access to local amenities whilst remaining positioned for rapid transit access to Singapore's broader commercial landscape. The nine-minute walk to Farrer Road MRT Station translates into approximately 15 to 20 minutes of rail travel to major employment centres in the CBD, Marina Bay, and other strategic locations across the island.

Investment Potential and Rental Considerations

Condominiums in the Farrer Road corridor have traditionally demonstrated resilient rental demand, underpinned by the area's accessibility, established reputation, and appeal to expatriate and local professional tenants. Wilshire Residences' location and configuration position it favourably within the rental market, with units of this scale typically attracting tenants seeking quality accommodation in a well-serviced neighbourhood. Investors evaluating purchases at this development should factor in current rental rates for comparable units in the surrounding area, which typically range between S$3,500 and S$4,500 monthly for three-bedroom units, translating to estimated gross rental yields in the region of 3% to 4% depending on acquisition price and the specific unit configuration selected.

The MRT proximity enhances rental appeal significantly, as tenants increasingly prioritise transport connectivity alongside lifestyle considerations. This factor has historically supported both occupancy rates and rental appreciation trajectories for well-located condominium developments in Singapore's central zone.

Pricing and Market Positioning

Wilshire Residences is marketed at price points commencing from S$2,280,000 across the portfolio, with variations based on unit size, configuration, and floor placement within the development. This pricing reflects the current market valuation for quality condominium stock in the Farrer Road area, where per-square-foot transaction rates have historically ranged between S$2,800 and S$3,500 depending on specific unit characteristics and market conditions at the time of sale.

Prospective purchasers should note that second-property buyers acquired an additional 20% Additional Buyer's Stamp Duty (ABSD) on the purchase price, materially affecting the total acquisition cost for investors or upgraders acquiring this as a secondary residential asset. First-time buyer Singapore citizens benefit from exemption from ABSD, whilst permanent residents and foreign nationals face varying duty regimes depending on their residency status.

Lease Tenure and Long-Term Ownership Considerations

Wilshire Residences is structured as a leasehold development, a tenure type that remains prevalent across Singapore's condominium market. The specific lease duration should be verified through formal property documentation, as lease decay can gradually influence resale value trajectory as the property ages. Properties with remaining lease periods significantly exceeding 75 years typically maintain more robust capital appreciation prospects compared to those approaching lease expiration thresholds, as financing institutions and purchasers remain more confident in properties with extended tenure.

Prospective buyers should conduct thorough due diligence regarding the precise lease terms, anticipated lease decay implications over their intended holding period, and any provisions for lease extension that may be available under Singapore's legislative framework.

Amenity Ecosystem and Lifestyle Integration

The Farrer Road neighbourhood encompasses a comprehensive spectrum of amenities integrated into the surrounding urban fabric rather than concentrated solely within the development. Residents enjoy proximity to established restaurants and cafés spanning diverse cuisines, boutique retail outlets, and professional services concentrated along and adjacent to Farrer Road itself. The area's mature character means that essential services, healthcare facilities, and educational institutions have been established within reasonable proximity, supporting the overall lifestyle appeal of the location.

The development's position within this established neighbourhood ecosystem represents a key advantage over greenfield developments, as residents immediately benefit from years of community development and commercial integration rather than awaiting the gradual buildout of surrounding amenities.

Conclusion

Wilshire Residences offers a compelling proposition for owner-occupiers seeking quality accommodation in a well-established Singapore neighbourhood with excellent transport connectivity, or for investors targeting consistent rental demand in a proven residential market. The development's location, unit configuration, and pricing position it within a competitive segment of Singapore's condominium market, appealing to sophisticated purchasers evaluating balance between lifestyle quality, transport accessibility, and investment fundamentals.

Frequently Asked Questions

What rental yield might I expect if I purchase a unit at Wilshire Residences as an investment property?

Wilshire Residences units typically generate estimated gross rental yields of 3% to 4%, based on current market rental rates for comparable three-bedroom units in the Farrer Road corridor, which typically range between S$3,500 and S$4,500 monthly. This yield calculation is contingent upon the specific unit's acquisition price and configuration, with larger or premium-positioned units potentially commanding higher absolute rental income. Actual yields will vary based on individual unit characteristics, tenant quality, and market conditions at the time of letting; investors should conduct detailed cash flow modelling incorporating management fees, property tax, and maintenance costs before committing capital. The area's accessibility via the Circle Line and established reputation for attracting professional and expatriate tenants supports consistent occupancy rates, which historically strengthens the long-term yield profile compared to more peripheral locations.

How does the price-per-square-foot compare to recent transactions in the Farrer Road area?

Wilshire Residences is positioned at approximately S$2,860 per square foot based on the S$2.28 million entry price for units around 797 sqft, placing it within the mid-to-upper range for quality condominium stock in this established neighbourhood. Recent comparable transactions in the surrounding Farrer Road corridor have recorded per-square-foot rates ranging between S$2,800 and S$3,500 depending on specific unit attributes, view, floor level, and timing of sale. The development's pricing reflects current market valuations for well-appointed condominium space in this location, with units on higher floors or with premium positioning typically achieving the upper end of this pricing spectrum. Purchasers should request detailed transaction evidence for comparable units sold within the past 12 months to ensure the development's pricing aligns with current market momentum in this specific submarket.

What is the Additional Buyer's Stamp Duty impact if I'm purchasing this as a second residential property?

Singapore citizens purchasing Wilshire Residences as a second residential property incur an Additional Buyer's Stamp Duty (ABSD) of 20% on the purchase price, substantially increasing acquisition costs beyond the advertised unit price. For a S$2.28 million purchase, this translates to an additional S$456,000 in ABSD liability, making the total acquisition cost approximately S$2.736 million before legal fees and other transaction costs. Permanent residents face even higher ABSD at 25%, whilst foreign nationals are subject to 25% ABSD regardless of whether it is a first or subsequent property purchase. First-time buyer Singapore citizens benefit from complete ABSD exemption on their first residential property acquisition, making this development potentially more attractive for first-time market entrants compared to investors or upgraders. Prospective second-property purchasers should factor this significant financial obligation into their acquisition planning and ensure their financing capacity accounts for the total after-ABSD cost.

What lease decay risk should I consider, and how might it affect future resale value?

Wilshire Residences is structured as a leasehold property, and the specific tenure duration (typically 99 years or 999 years for Singapore condominiums) materially influences long-term capital appreciation trajectories and financing accessibility. Properties with remaining lease periods substantially exceeding 75 years maintain significantly more robust resale demand and higher per-square-foot valuations compared to those approaching critical lease thresholds, as both institutional lenders and private purchasers express greater confidence in longer-tenure assets. Lease decay becomes particularly pronounced below the 70-year threshold, at which point some financial institutions reduce lending appetite and purchasers begin discounting valuations more aggressively. It is essential that prospective buyers verify the precise lease tenure through formal title documentation and understand the anticipated lease position at key future points during their intended holding period. Any available lease extension provisions under Singapore's legislative framework should be thoroughly reviewed to understand options for tenure elongation as the property ages.

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

Proximity to Farrer Road MRT Station on the Circle Line (CC20) represents a material competitive advantage for Wilshire Residences, as MRT accessibility has demonstrated consistent correlation with sustained capital appreciation and rental demand across Singapore's residential market. The nine-minute walk to the station positions residents for rapid transit connectivity to major employment centres, shopping districts, and entertainment precincts, reducing overall transport time and cost for daily commuting purposes. Circle Line connectivity has become increasingly valuable as the network has matured, providing direct access to business districts and major shopping destinations that support both owner-occupier and investor demand. Properties within this proximity band to MRT stations typically demonstrate superior capital appreciation over longer holding periods compared to car-dependent locations, particularly in an environment of rising transport costs and evolving preferences towards public transit. The proximity also supports consistent rental demand from tenants seeking minimised commute times, reinforcing the long-term income sustainability of investment purchases within this location.

Is Wilshire Residences suitable for different buyer profiles—owner-occupiers, upgraders, and investors?

Wilshire Residences appeals effectively to multiple buyer profiles for distinct reasons. Owner-occupiers and upgraders benefit from the neighbourhood's established amenities, proximity to quality dining and retail, and accessibility via the Circle Line for daily commuting to central business districts or other employment locations across the island. First-time buyers and upgraders appreciate the mid-range luxury positioning, which balances quality finishes against more accessible entry pricing compared to ultra-prime Farrer Road developments. For investors, the area demonstrates consistent rental demand from professional tenants and expatriates seeking quality accommodation in established, service-rich neighbourhoods, with estimated gross rental yields supporting moderate but stable income streams. High-net-worth purchasers may find the development's scale and positioning appealing as a quality residential holding within a proven market rather than as a primary aspirational purchase. The development's location in an established neighbourhood with mature amenities appeals particularly to investors seeking immediate tenant appeal rather than waiting for future infrastructure buildout, positioning it favourably within the investor decision matrix against greenfield alternatives.

What TDSR and financing headroom should I anticipate at typical purchase prices for this development?

Prospective purchasers evaluating financing for Wilshire Residences at the S$2.28 million entry price should anticipate that most institutional lenders will require total debt servicing ratio (TDSR) compliance capped at 60% of gross monthly income, limiting available borrowing capacity based on demonstrated income and existing debt obligations. For a S$2.28 million purchase with a typical 70% loan-to-value (LTV) mortgage of approximately S$1.596 million at prevailing interest rates around 3.5% to 4%, monthly mortgage servicing typically ranges from S$7,500 to S$8,200, requiring minimum gross monthly household income of approximately S$12,500 to S$13,700 to meet TDSR thresholds. Second-property purchasers must account for the 20% ABSD increase to acquisition costs, effectively raising the total outlay to approximately S$2.736 million and proportionally increasing both down payment requirements and monthly servicing obligations. Purchasers with existing residential mortgages or other significant debt commitments may find their available borrowing capacity materially constrained by TDSR compliance, requiring either substantial additional equity investment or deferral of purchase until debt positions improve. Professional independent mortgage advisory is essential before committing to purchase, as individual circumstances regarding income documentation, existing liabilities, and credit profile will materially influence actual achievable loan amounts and interest rates.

How does Wilshire Residences compare to competing condominium developments in the Farrer Road corridor?

Wilshire Residences competes directly with other established condominium developments scattered throughout the Farrer Road corridor, each offering distinct positioning within the mid-to-upper segment of Singapore's residential market. Competing developments in the immediate vicinity typically range from S$2.2 million to S$3.5 million depending on size, configuration, and specific positioning within the neighbourhood, with per-square-foot pricing broadly comparable to Wilshire Residences' positioning. Key differentiation points among competing developments typically centre on unit configuration variety, specific floor-level positioning, on-site amenity provision, and the precise distance to public transport facilities. Older established developments may offer larger unit footprints and more spacious common areas, whilst newer developments increasingly emphasise contemporary finishes and smart-home integration, though at potentially higher price points. Purchasers should conduct detailed site inspections and compare specific unit configurations, common facilities, maintenance fee structures, and immediate neighbourhood characteristics across multiple developments before finalising purchase decisions. The relative scarcity of new development supply in this established precinct means that existing developments like Wilshire Residences often command stable valuations compared to competitive pressure from new projects in emerging estates.

Which unit stacks or floor levels within Wilshire Residences offer the best value proposition?

Value optimisation within Wilshire Residences typically favours mid-level floor positioning (roughly floors 8 through 15) over the most elevated or lower-level alternatives, as these addresses commonly offer superior light exposure and view characteristics compared to ground-level or podium placements, whilst typically pricing at meaningful discounts to the absolute highest-floor premiums. Mid-level units frequently command per-square-foot valuations 3% to 8% below peak-level addresses, whilst providing substantially improved amenity compared to lower floors that may experience reduced light, greater street-level noise exposure, or compromised privacy relative to building perimeters. Conversely, the uppermost floors typically command premiums of 8% to 15% attributable to panoramic views and perceived prestige, a cost differential that may not translate proportionally into enhanced resale demand or capital appreciation. Ground-floor or podium-level units frequently experience the steepest discounting (8% to 15% below mid-level comparables) due to restricted light, street-facing noise, and privacy considerations, though they may appeal to purchasers with mobility constraints or those prioritising convenience over prospect quality. Prospective buyers should inspect floor plans and physically visit multiple unit stacks to assess specific light, view, and sound characteristics before determining personal value optimisation preferences.

What does the future supply pipeline for condominiums in the Farrer Road district suggest for capital appreciation?

The Farrer Road corridor represents an established, mature residential precinct where significant new greenfield development capacity is severely constrained by existing urban fabric and land utilisation, suggesting limited supply growth compared to emerging growth corridors elsewhere across Singapore. The scarcity of developable land parcels within the immediate Farrer Road vicinity supports continued stable demand for existing condominium stock from purchasers unable or unwilling to consider locations requiring significant transport time to reach this established neighbourhood. Major new development announcements targeting this specific district remain sparse, indicating that supply constraints will likely persist, supporting measured capital appreciation as demographic growth and wealth accumulation continue within Singapore's established professional classes. Conversely, broader supply expansion in nearby emerging areas (such as further developments along the Circle Line extension corridors or new launches in Bukit Timah adjacent precincts) may eventually distribute purchaser demand more broadly, potentially moderating the appreciation premium previously commanded by Farrer Road itself. The combination of restricted local supply and proximity to established amenities, mature landscaping, and proven rental demand profiles suggests that Wilshire Residences maintains positioned exposure to a market segment likely to retain enduring value and consistent tenant demand across extended holding periods.

Condominium At 30 Farrer Road — From S$2.2M