Type

Units

Min Area

Price Range

2 BR

743 sqft

S$2M

3 BR

753 sqft

S$2.2M – S$2.3M

Property Highlights

Condo development with 3 units currently available.
Prices currently range from S$2M to S$2.3M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$400K on this acquisition.
Located 9 min (760 m) from CC20 Farrer Road MRT Station.

Price Trends & Rental Yield

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Wilshire Residences: A Premium Address on Farrer Road

Wilshire Residences stands as a distinguished residential development located at 30 Farrer Road, situated within Singapore's coveted District 10. This established neighbourhood combines the tranquillity of a mature residential enclave with excellent proximity to urban amenities, transport infrastructure, and employment centres. The development's positioning on Farrer Road places it within reach of one of Singapore's most sought-after residential corridors, where property values have demonstrated resilience and consistent appreciation over the long term.

The project occupies a strategic location that balances accessibility with privacy. Farrer Road itself is renowned for its tree-lined character and established community, attracting families, professionals, and investors seeking properties in a well-established district. The proximity to Farrer Road MRT station (CC20 line) at just 9 minutes' walk, or approximately 760 metres away, ensures seamless connectivity to the broader Singapore public transport network. This transit accessibility is a key driver of demand in the District 10 market, as it allows residents to reach the central business district, major commercial hubs, and educational institutions efficiently.

Development Overview and Unit Composition

Wilshire Residences offers a curated selection of units designed to cater to diverse buyer profiles and investment objectives. The development features two-bedroom configurations alongside other unit types, with interiors spanning approximately 743 square feet in select units. This unit mix reflects contemporary preferences for efficient, well-appointed living spaces that maximise functionality without excessive sprawl. The development's pricing commences from S$1.99 million, positioning it competitively within the District 10 premium residential segment.

Each unit within the development has been designed with attention to practical living requirements and aesthetic appeal. The two-bedroom, two-bathroom layouts offer flexibility suitable for couples, small families, and owner-occupiers seeking an upgrade from smaller properties. The floor area of around 743 square feet provides ample space for comfortable living whilst maintaining efficient maintenance and utility costs—a consideration that appeals particularly to investors focused on operational economics.

Transport Connectivity and Accessibility

Farrer Road MRT station, served by the Circle Line (CC20), lies approximately 9 minutes' walk from Wilshire Residences. This proximity to rapid transit is a defining advantage, as it directly influences both rental demand and capital appreciation potential. The Circle Line itself has become increasingly critical to Singapore's transport ecology, connecting residential zones in the north-east, east, and central regions to major employment nodes and lifestyle destinations. Residents at Wilshire Residences enjoy direct access to this network, enabling efficient commutes to the Central Business District, Marina Bay, and established commercial precincts along the Circle Line corridor.

The walkability from the development to the MRT station is particularly valuable, as it encourages both car-free living and aligns with contemporary preferences for sustainable urban lifestyles. For renters—a key demographic in District 10's investment-focused market—proximity to reliable public transport significantly enhances the property's appeal. Conversely, owner-occupiers benefit from the flexibility to reduce reliance on private vehicular transport, a consideration that has gained importance in Singapore's increasingly congestion-aware urban planning environment.

District 10: An Established Residential Haven

District 10 encompasses several established neighbourhoods including the Farrer Road corridor, which has historically commanded premium valuations due to its mature character, tree coverage, and proximity to top-tier schools and amenities. The district's stability is reflected in the consistent performance of residential properties; unlike emerging growth areas that experience volatility, Farrer Road has demonstrated steady capital appreciation underpinned by limited new supply and sustained demand from affluent buyer cohorts.

The broader district benefits from proximity to several prestigious international schools, including Overseas Family School and the Australian International School, making it particularly attractive to expatriate families and high-net-worth individuals seeking quality education for their children. Additionally, the district is home to established shopping facilities, private hospitals, and lifestyle venues that cater to affluent residents. The maturity of District 10 means that properties here are less susceptible to negative externalities from nascent infrastructure or emerging land uses, a risk factor that increasingly influences investment decisions.

Investment Potential and Rental Market Dynamics

For investors considering Wilshire Residences, the development's location within District 10 and proximity to Farrer Road MRT station represent significant rental yield drivers. District 10 has emerged as one of Singapore's preferred rental markets, attracting expatriate professionals, international business travellers, and local upgraders seeking premium accommodation. The two-bedroom configuration is particularly sought after in the rental market, as it appeals to couples, small families, and even co-working professionals seeking flexibility beyond traditional one-bedroom units.

The rental demand in this district is sustained by the concentration of established schools, healthcare facilities, and the accessibility afforded by the Circle Line. Tenants willing to pay premium rentals for properties in established, transport-connected neighbourhoods form a reliable demand base. The development's position at a specific price point from S$1.99 million positions individual units within a rental yield band that has historically delivered competitive returns relative to development risk and capital outlay.

Buyer Suitability and Market Positioning

Wilshire Residences appeals to several distinct buyer cohorts. High-net-worth individuals seeking a primary residence in an established district find the location's prestige and amenity density compelling. Upgraders transitioning from smaller units or landed properties appreciate the maintenance-free living model and community facilities typically associated with well-managed condominiums. First-time buyers entering the premium market segment benefit from the development's reputation and transparent ownership structure within an established development framework.

Investors, however, represent perhaps the most strategically aligned buyer profile for this development. The combination of established district reputation, transport connectivity, rental market demand, and pricing from S$1.99 million creates an attractive risk-adjusted return profile. Investors evaluating this development typically model rental yields against comparable properties in nearby locations and assess the long-term capital appreciation trajectory based on limited supply and sustained demand dynamics inherent to District 10.

Conclusion

Wilshire Residences at 30 Farrer Road represents a compelling residential proposition within Singapore's premium property market. Its established location, transport accessibility via Farrer Road MRT, and positioning within District 10's established residential ecosystem combine to create a development that serves multiple buyer objectives—whether owner-occupation, investment, or portfolio diversification. As Singapore's residential market continues to evolve, properties with demonstrated transport connectivity, established neighbourhood credentials, and resilient demand characteristics are increasingly valued by discerning buyers and seasoned investors alike.

Frequently Asked Questions

What is the estimated rental yield for properties at Wilshire Residences if purchased as an investment?

Rental yields at Wilshire Residences are typically estimated in the 2.5% to 3.5% gross range, depending on the specific unit configuration, floor level, and orientation selected by the buyer. Given the development's positioning from S$1.99 million and the established demand from expatriate tenants and relocated professionals in District 10, two-bedroom units in particular command stable rental income. The proximity to Farrer Road MRT (CC20), coupled with the district's reputation for hosting international schools and healthcare facilities, sustains rental demand from tenants willing to pay premium rates. Investors should factor in property tax, maintenance contributions, property management fees, and potential vacancy periods when calculating net yield, as these expenses typically reduce gross yield by 0.8% to 1.2% annually on premium District 10 properties.

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

The price per square foot at Wilshire Residences, derived from the development's pricing from S$1.99 million and unit sizes around 743 square feet, translates to approximately S$2,680 to S$2,750 per square foot depending on the specific unit selected. This pricing sits comfortably within the established Farrer Road market band, which has historically ranged between S$2,500 and S$3,000 per square foot for comparable modern condominiums. Recent transactions in the broader District 10 area indicate that properties with strong MRT connectivity and established amenity density command premiums relative to more peripheral locations. Wilshire Residences' positioning within this pricing range reflects both the development's location credentials and the established demand dynamics that sustain property values in Farrer Road's residential ecosystem.

What are the Additional Buyer's Stamp Duty implications for Singapore Citizens purchasing a second property at Wilshire Residences?

Singapore Citizens purchasing a second residential property at Wilshire Residences are subject to Additional Buyer's Stamp Duty (ABSD) at a rate of 20%, applied on top of the standard Buyer's Stamp Duty. For a property purchased at S$1.99 million, this equates to approximately S$398,000 in ABSD liability, significantly increasing the total acquisition cost beyond the advertised price. This additional expense materially affects the investor's cost basis and required capital outlay, and should be carefully modelled into investment return calculations. While the ABSD is a government policy designed to manage property market demand, it creates a meaningful financial consideration for investors and upgraders who already own one residential property. Buyers should consult a legal professional to understand their individual ABSD liability, as exemptions and alternative scenarios (such as trading down from an existing property) may apply in specific circumstances.

What is the lease tenure at Wilshire Residences, and how does lease decay affect long-term resale value?

Wilshire Residences is established as a condominium development with a lease tenure structure typical of Singapore residential properties; however, the specific tenure (whether 99 years, 999 years, or Freehold) should be confirmed with the developer or conveyancer, as this materially affects long-term investment viability. Lease decay becomes a critical consideration for leasehold properties as they approach the halfway point of their lease duration; properties with remaining leases below 75 years typically experience accelerated capital depreciation, as banks reduce loan-to-value ratios and buyer pools contract. For investors with a medium-term holding horizon of 10 to 15 years, lease decay may not be an immediate concern, but purchase decisions should incorporate a realistic understanding of how lease erosion might affect eventual resale value. Properties in established districts like Farrer Road with strong fundamentals can command higher prices even with moderate lease decay, but this should not be assumed without specific financial modelling relevant to the buyer's intended holding period.

How does proximity to Farrer Road MRT (CC20) influence demand and capital appreciation at Wilshire Residences?

Proximity to Farrer Road MRT station at just 9 minutes' walk—approximately 760 metres—is a primary driver of both rental demand and capital appreciation potential at Wilshire Residences. MRT connectivity is one of the most reliable determinants of property value appreciation in Singapore, as it directly influences the pool of potential buyers and renters willing to pay premium prices. The Circle Line (CC20) serves as a critical transport spine connecting residential areas in the north-east and east regions to major employment centres and lifestyle destinations, making properties within 10 minutes' walk of stations particularly sought after. Empirical evidence from comparable developments on the Circle Line demonstrates that MRT-proximate properties outperform those at greater distances during both growth and correction phases of property cycles. For Wilshire Residences, this MRT advantage is further amplified by the development's positioning in an established district with sustained demand, meaning the capital appreciation benefit of transport connectivity is unlikely to erode as new competing developments emerge elsewhere in Singapore.

Which buyer profiles are best suited to Wilshire Residences—HNW individuals, upgraders, first-time buyers, or investors?

Wilshire Residences serves multiple buyer profiles, though each derives distinct value propositions from the development. High-net-worth individuals seeking a primary residence in an established, prestigious district find the Farrer Road location compelling, combined with the modern condominium lifestyle and community amenities. Upgraders transitioning from smaller units appreciate the efficient floor plans (around 743 square feet for two-bedroom units) and the reduction in maintenance burden relative to landed property ownership. First-time buyers with sufficient capital to enter the premium segment benefit from the development's stability, transparent ownership structure, and established neighbourhood credentials that reduce investment risk. Investors, however, may find the development particularly attractive if modelling medium-to-long-term holds with the expectation of both rental income and capital appreciation; the pricing from S$1.99 million sits within a band that has historically delivered competitive risk-adjusted returns in District 10. The development's positioning near schools and healthcare facilities also appeals to expatriate families and international tenants, a cohort that sustains premium rental demand.

What financing headroom and TDSR implications exist at typical Wilshire Residences price points?

At the development's pricing from S$1.99 million, a buyer with a 25% down payment would require a loan of approximately S$1.49 million, potentially stretching TDSR (Total Debt Service Ratio) constraints depending on the buyer's existing loan obligations and monthly income. Assuming a 30-year mortgage at prevailing interest rates around 3.5% to 4%, the monthly mortgage payment would range from approximately S$6,700 to S$7,100, before factoring in property tax, maintenance contributions, insurance, and utility costs. Banks typically require TDSR not to exceed 60%, meaning the buyer must demonstrate monthly income sufficient to service total debt obligations within this ceiling. Buyers with existing car loans, credit card balances, or personal loans may face reduced financing headroom at this price point. Conversely, cash buyers or those with substantial savings face no TDSR constraints but should still consider the broader economic context of deploying S$1.99 million in residential property versus alternative asset classes. First-time buyers entering the premium segment should engage a mortgage broker to stress-test their financing capacity across multiple interest rate scenarios.

How does Wilshire Residences compare to nearby competing developments in District 10 and surrounding areas?

Wilshire Residences competes directly with other established condominiums in the Farrer Road corridor and adjacent areas of District 10, such as developments located near the Botanic Gardens or along Holland Road. The development's key competitive advantages include its proximity to Farrer Road MRT (CC20)—a decisive factor for transport-conscious buyers—and its positioning within an established, mature neighbourhood with proven rental demand. Comparable developments in the district may offer larger unit formats or additional amenities, but they often command similar or higher price points, particularly if located further from MRT stations. The pricing from S$1.99 million positions Wilshire Residences competitively relative to newer developments in emerging districts, whilst retaining the neighbourhood prestige and rental market access that district-established properties command. Buyers evaluating Wilshire Residences should conduct direct comparisons with 2-3 nearby alternatives, assessing factors such as MRT distance, unit finishes, amenity quality, maintenance fees, and historical price appreciation. The development's market position suggests it appeals to buyers prioritising transport accessibility and established district character over the novelty appeal of newer developments in less-connected locations.

Are certain unit stacks or floor levels at Wilshire Residences better positioned for value retention and resale?

Unit stack positioning and floor level can influence both rental marketability and capital appreciation potential at Wilshire Residences, though the impact is secondary to location, MRT proximity, and broader market conditions. Mid-to-upper floor units typically command premiums of 3% to 8% relative to ground and low-floor units, reflecting buyer preferences for reduced noise, improved views, and enhanced privacy. Corner units and those with unobstructed vistas towards the Botanic Gardens or other District 10 landmarks typically attract stronger demand and support higher asking prices. Lower-floor units (approximately floors 3 to 6) can appeal to older buyers and families with mobility considerations, but may experience slower sales and rental uptake relative to mid-range floors. For investors, mid-floor units positioned between floors 8 and 15 often represent the optimal balance of premium pricing and rental demand, as they command price appreciation relative to lower floors whilst avoiding the highest prices associated with penthouse or near-top units. The specific value positioning of individual units should be evaluated within the context of the development's total height and the particular floor's orientation; units facing established gardens or green spaces may command premiums relative to those with street-facing or interior-facing orientations.

What is the future supply pipeline in District 10, and how might new developments affect Wilshire Residences' long-term value?

District 10 has historically experienced limited new residential supply relative to demand, a constraint that has underpinned consistent property value appreciation over the past decade. The district's mature character, with significant portions already developed, means large-scale new condominium development is constrained by available land parcels and planning regulations that favour conservation of the district's established character. Future supply in the broader Farrer Road area and District 10 is likely to be limited to selective redevelopment sites and small-scale infill projects rather than transformative new developments. This supply constraint is a structural advantage for existing properties like Wilshire Residences, as it supports sustained demand from buyers seeking properties in an established, transport-connected district. However, broader Singapore residential market dynamics—including potential new supply in emerging growth districts or changes to mortgage lending standards—could influence buyer preferences across districts. The realistic assessment is that Wilshire Residences' location in an established district with limited future supply positioning positions it favourably for long-term capital appreciation relative to properties in areas facing significant new competition. Buyers should acknowledge that no property is immune to wider economic cycles, but District 10's supply constraints provide meaningful structural support for valuations.

Condominium At 30 Farrer Road — From S$2M