Type

Units

Min Area

Price Range

2 BR

646 sqft

S$1.7M

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$1.7M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$340K on this acquisition.
Located 9 min (760 m) from CC20 Farrer Road MRT Station.

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Wilshire Residences: A Distinguished Address in Singapore's Central Corridor

Wilshire Residences stands as a notable residential development situated at 30 Farrer Road, positioning itself within one of Singapore's most sought-after neighbourhoods. The development commands a strategic location that bridges the convenience of modern urban living with the established character of a mature residential precinct. Situated in District 10, the project benefits from decades of neighbourhood infrastructure investment and proven appeal to both owner-occupiers and investors seeking stability in their property portfolios.

The proximity to Farrer Road MRT Station (CC20), located approximately 760 metres away—roughly a nine-minute walk—represents a significant advantage for residents who rely on public transport. This Circle Line connectivity delivers seamless access to the central business district, Marina Bay financial hub, and suburban residential zones. The walking distance to the station is reasonable and well-supported by pedestrian pathways, making the property accessible without requiring private vehicle dependence for daily commuting.

Location and Neighbourhood Character

Farrer Road has established itself as one of Singapore's most desirable residential corridors, characterised by tree-lined streets, low-to-mid-rise developments, and a strong community presence. The area attracts a demographic that values both convenience and environment—families seeking proximity to international schools, professionals working in the CBD or nearby business parks, and downsizers transitioning from landed property. The neighbourhood's maturity means that amenities such as supermarkets, dining venues, healthcare facilities, and recreational spaces are well-established and accessible.

The development's location within District 10 places it alongside other quality residential projects and landed properties, contributing to the area's sustained desirability. The character of Farrer Road—neither overly commercialised nor isolated—makes it particularly appealing to buyers seeking a balanced lifestyle. Access to the Singapore Botanic Gardens, premier shopping at nearby malls, and international schools within the eastern corridor further reinforces the neighbourhood's appeal to affluent residents.

Unit Offerings and Configuration

Wilshire Residences presents multiple unit typologies designed to accommodate diverse household structures and investment strategies. The project includes two-bedroom configurations alongside other layouts, providing flexibility for first-time buyers, young couples, upgraders seeking to rightsize, and investors constructing balanced portfolios. The variation in unit sizes and orientations across the development ensures that buyer requirements—whether prioritising space, views, or rental yield potential—can be matched against available stock.

The construction standard and internal finishing of units reflect contemporary condominium expectations, with layouts optimised for functionality and natural light. Unit sizes range across the project spectrum, accommodating different space requirements and price points, ensuring the development has broad market appeal rather than serving a single buyer demographic.

Investment Profile and Capital Appreciation Drivers

Investors evaluating Wilshire Residences should consider several long-term appreciation drivers inherent to its location and market positioning. District 10 has demonstrated consistent capital value growth over multi-year cycles, supported by limited new supply, stable demand from both domestic and foreign buyer segments, and the district's enduring prestige. The proximity to Farrer Road MRT Station ensures the property retains relevance even as transport networks expand into newer suburbs, as this central-corridor connectivity remains permanently valuable.

The maturity of the neighbourhood means limited downside risk compared to developments in emerging areas. Demand for residential property in District 10 remains resilient across economic cycles, as the area attracts buyers seeking proven neighborhoods with established communities rather than speculative appreciation. Unit diversity within Wilshire Residences allows investors to select configurations aligned with local rental demand, whether targeting young professionals, expatriates, or small families.

Rental Yield and Market Rental Dynamics

The rental market for condominium units in this pocket of Farrer Road remains active, supported by consistent demand from expatriate assignments, corporate relocations, and domestic tenants seeking central-corridor convenience. Two-bedroom units, in particular, command steady demand from dual-income households and young families prioritising MRT accessibility and neighbourhood amenities. Rental yields for properly positioned units in this development align with broader District 10 benchmarks, typically ranging between 3.5% and 4.5% gross yield depending on unit size, floor level, and orientation.

The catchment area for tenants extends across Singapore's working population, professional services firms, and multinational corporations with operations in the CBD—all within 15-20 minutes of the property via the Circle Line. This broad tenant pool reduces concentration risk for investors and supports steady lease renewals. The established reputation of Farrer Road as a quality residential address also means furnished letting agents and international tenant placement services actively market units in this corridor, reducing vacancy risk for well-maintained properties.

Comparative Market Position and Pricing

Wilshire Residences is positioned within the upper-middle market of Singapore's condominium sector, reflecting the established status of District 10 and the central location. Comparable transactions in the immediate Farrer Road corridor have demonstrated price-per-square-foot movements in the region of S$2,600 to S$2,900 psf for well-maintained resale units, dependent on floor level, unit size, and amenity access. Newer or recently renovated units command the higher end of this range, whilst ground-level or structurally compromised units settle toward the lower band.

When evaluated against comparable developments within a one-kilometre radius—including established projects with similar age, size, and location characteristics—Wilshire Residences maintains competitive pricing without sacrificing neighbourhood positioning or MRT accessibility. Buyers comparing this development against alternatives in Districts 9 or 11 will find that the Farrer Road location commands a modest premium, justified by the established character, proximity to international schools, and the consistent demand from affluent buyer segments.

Regulatory Considerations for Buyers

Singapore Citizens purchasing Wilshire Residences as a second residential property will be subject to Additional Buyer's Stamp Duty (ABSD) at the current rate of 20%, calculated on the purchase price or market value, whichever is higher. This additional duty is payable at the point of purchase and represents a material upfront cost that must be factored into acquisition budgeting. For a buyer acquiring a unit priced at S$1.7 million, the ABSD would amount to approximately S$340,000, representing a significant component of total purchase outlay.

First-time buyers purchasing their first residential property benefit from ABSD exemption, making Wilshire Residences an attractive option for owner-occupiers entering the property market. Permanent Residents and foreigners face higher ABSD rates (5% and 15% respectively), which should be confirmed with a conveyancing lawyer prior to offer submission. All buyers must engage a qualified Singapore conveyancing practice to manage stamping, registration, and compliance requirements throughout the acquisition process.

MRT Connectivity and Long-Term Value Drivers

The nine-minute walk to Farrer Road MRT Station (CC20) represents a permanent accessibility advantage that will remain valuable indefinitely, as the Circle Line is a core trunk route unlikely to be substantially altered or downgraded. This connectivity ensures that Wilshire Residences maintains relevance in the property market even as new developments emerge in peripheral areas, as the central-corridor location is finitely constrained by geography and planning policy. Properties positioned near mature, well-patronised MRT stations have historically demonstrated superior capital retention and demand resilience compared to car-dependent alternatives.

The Circle Line serves dual functions as both a commuter network to the CBD and as an inter-connecting hub to other lines, meaning Farrer Road Station provides diverse journey options. Residents commuting to Jurong, Changi, or Tampines can transit seamlessly, and the station's mature operational status means service frequency and reliability have been optimised over decades. This predictable transport performance is a major factor in long-term property value retention.

Market Demand and Buyer Profiles

Wilshire Residences appeals to several distinct buyer cohorts, each with different acquisition motivations. Owner-occupying families upgrading from a smaller apartment or first-time buyers seeking a quality neighbourhood will prioritise the established character, MRT accessibility, and proximity to schools. High-net-worth individuals may select larger or premium-positioned units for primary residence use, attracted by the neighbourhood's prestige and the relative scarcity of new supply in District 10. Investors will be drawn to the project's consistent rental demand and capital appreciation trajectory, balanced against ongoing management and financing obligations.

Expatriate residents relocating to Singapore frequently target this corridor due to reputation, school proximity, and the absence of language or cultural barriers to integration. This consistent expatriate demand underpins rental market stability and capital value floors, reducing downside risk compared to developments with narrower buyer appeal. The broad demographic appeal of Wilshire Residences and its location means the project does not rely on a single buyer segment or economic narrative for long-term viability.

Future Supply Considerations and District Outlook

District 10's planning designation emphasises residential conservation and incremental infill rather than large-scale redevelopment, meaning new supply in the immediate Farrer Road corridor is likely to remain limited. This supply constraint is a positive factor for long-term values, as existing developments benefit from reduced competition and sustained demand from a broad buyer base. Any future supply that emerges will likely be on marginal sites or through collective sale of aged developments, processes that typically take years to execute and do not pose immediate pressure on established projects.

The broader eastern corridor planning strategy prioritises protecting residential character whilst incrementally improving transport and amenity infrastructure. This approach supports gradual capital appreciation rather than boom-bust cycles, benefiting long-term holders. Buyers of Wilshire Residences can have reasonable confidence in steady, sustainable value accretion supported by planning policy, limited supply, and consistent demand from multiple buyer segments.

Frequently Asked Questions

What gross rental yield can an investor expect from purchasing a unit at Wilshire Residences?

Gross rental yields for units at Wilshire Residences typically range between 3.5% and 4.5%, contingent upon unit configuration, floor level, and orientation characteristics. Two-bedroom units tend to achieve the higher end of this range due to consistent demand from young families and dual-income households seeking central-corridor MRT access. The rental market within the Farrer Road catchment remains active and supported by expatriate relocations, corporate tenancies, and domestic demand, meaning well-positioned units experience low vacancy periods and predictable lease renewal cycles. Investors must account for annual property tax, maintenance charges, and management fees when calculating net yield, which typically reduces the gross figure by 0.8% to 1.2% annually.

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

Recent resale transactions in the immediate Farrer Road corridor have achieved price points in the range of S$2,600 to S$2,900 per square foot, dependent on unit condition, floor level, and amenity specification. Units in Wilshire Residences, reflecting the development's age, location, and amenity suite, align with the mid-to-upper portion of this range, with pricing reflecting the established character and MRT accessibility of the location. Comparative analysis against developments in adjacent Districts 9 and 11 reveals that Farrer Road commands a modest premium, typically 5-8%, justified by the neighbourhood's international school proximity, shopping convenience, and the consistent strength of demand from affluent buyer segments. Floor level and orientation can create variance of 10-15% within the development itself, meaning lower-level or sub-optimal orientation units may trade toward the lower end of the observed range.

What is the ABSD impact for a Singapore Citizen buying Wilshire Residences as a second residential property?

Singapore Citizens acquiring Wilshire Residences as a second residential property must pay Additional Buyer's Stamp Duty (ABSD) at the current rate of 20%, calculated on the purchase price or market valuation, whichever is higher. For a unit priced at S$1.7 million, this equates to approximately S$340,000 in ABSD payable at point of purchase, representing a material upfront cost that must be incorporated into acquisition budgeting and financing calculations. This duty is non-recoverable and is separate from the standard Buyer's Stamp Duty applicable to all property acquisitions, meaning total stamp duty obligations can reach 4-5% of purchase price inclusive of both standard and additional duties. First-time buyers benefit from ABSD exemption, making Wilshire Residences a more cost-efficient acquisition for owner-occupiers entering the market; Permanent Residents face 5% ABSD, whilst foreign nationals face 15%.

What is the lease tenure of Wilshire Residences and how might lease decay impact long-term resale value?

Wilshire Residences is held on a 99-year leasehold tenure from the date of initial development grant, meaning the property experiences gradual lease decay as the lease expires. Properties with remaining lease below 80 years begin to face financing constraints, as many banks reduce lending ratios and some cease lending entirely on properties with lease terms below this threshold. This lease decay dynamic means that resale values will face headwinds as the lease declines, with steepening discounts typically manifesting 10-15 years before lease expiry when lenders begin to tighten lending criteria. Buyers purchasing Wilshire Residences should factor in this long-term value erosion and plan for lease renewal or redevelopment cycles; however, the established character and limited supply in District 10 means the development remains a viable investment even accounting for lease decay, as comparable supply is equally constrained.

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

Proximity to Farrer Road MRT Station—approximately 760 metres or a nine-minute walk—is a permanent and valuable accessibility feature that enhances demand across all buyer profiles and insulates the property against long-term value erosion. Properties within walkable distance to established MRT stations have historically demonstrated superior capital retention and demand resilience compared to car-dependent alternatives, as commuting convenience remains a primary driver of residential buyer decisions. The Circle Line is a core trunk route serving multiple commuting corridors and inter-modal connections, meaning Farrer Road Station maintains high operational frequency and service reliability, factors that support sustained demand. The mature operational status of this MRT station and line means service improvements and transport network expansion have already been implemented, providing confidence to buyers that the connectivity premium will persist indefinitely without infrastructure risk.

Is Wilshire Residences suitable for first-time buyers, upgraders, and investors, and how does it appeal to each segment?

Wilshire Residences appeals to first-time buyers seeking entry into the established residential market via a mature neighbourhood with proven demand, excellent connectivity, and proximity to employment hubs; ABSD exemption for first-time purchases further strengthens the financial case. Upgraders transitioning from smaller apartments or HDB flats value the Farrer Road location for its prestige, school proximity, and low car dependence, often prioritising larger units with multiple bedrooms and balcony space to justify the acquisition cost. Investors are attracted to the development's consistent rental demand from expatriates and young professionals, the stable capital appreciation trajectory supported by limited supply, and the rental yield characteristics in the 3.5-4.5% gross range. High-net-worth individuals may select premium-positioned units for primary residence use, attracted by the neighbourhood's established character and the scarcity of new supply in District 10. The broad appeal across multiple buyer segments reduces dependency on any single economic narrative or demographic trend.

What financing headroom and Total Debt Servicing Ratio (TDSR) constraints apply to buyers of Wilshire Residences?

Buyers of Wilshire Residences must satisfy the Monetary Authority of Singapore (MAS) Total Debt Servicing Ratio (TDSR) limit of 60%, meaning total monthly debt servicing obligations (mortgage, car loan, credit cards, personal loans) cannot exceed 60% of gross monthly income. For a unit priced at S$1.7 million with a 75% loan-to-value mortgage at current rates of approximately 4.0-4.3% per annum, monthly servicing would be approximately S$6,800-7,100, requiring a gross monthly income of approximately S$11,300-12,000 to maintain the 60% TDSR ceiling (assuming no other debt). Buyers with existing debt obligations (car loans, credit cards) must factor these into calculations, potentially reducing financing capacity by 10-15%. This TDSR constraint means that whilst banks may offer loan amounts up to 75-80% of purchase value, buyers must independently verify their debt servicing capacity before committing to acquisition. First-time buyer grants and mortgage relief schemes do not apply to non-HDB residential purchases, so the TDSR constraint is binding and non-negotiable.

How does Wilshire Residences compare to competing developments in nearby Districts 9, 10, and 11 in terms of location, price, and amenity?

Wilshire Residences competes primarily against other established condominium developments in the Farrer Road and Bukit Timah corridors, including projects within Districts 9 and 10 with similar age, size, and MRT accessibility. Comparable developments in adjacent locations command price-per-square-foot figures of S$2,400-2,700 psf for older resale stock and S$2,800-3,100 psf for newly completed or recently renovated projects. Wilshire Residences' pricing reflects its established status without commanding a significant premium over age-matched comparables, positioning it as a value-neutral choice relative to alternatives at similar distance to MRT stations and amenity hubs. Developments in District 11 (Dhoby Ghaut/Newton area) may command 10-15% price premiums due to CBD proximity and retail density, whilst District 9 projects may trade at modest discounts reflecting reduced school proximity and retail convenience. The choice between Wilshire Residences and nearby alternatives ultimately depends on buyer preferences regarding neighbourhood character, school catchment, and specific unit typologies available.

Which unit stack or floor level within Wilshire Residences offers the best value for capital appreciation and rental yield?

Mid-stack units (floors 8-20) typically offer the optimal balance of value and amenity, commanding a 5-8% price premium over ground-floor and low-stack units whilst remaining significantly below the premium charged for penthouses or high-floor units. These mid-stack positions provide superior light and ventilation compared to lower floors, reduced noise exposure from street traffic, and psychological appeal to tenants and purchasers without the extreme price premiums of uppermost levels. Higher-floor units (above floor 25) command 15-25% premiums despite delivering marginal amenity benefits, making them less efficient from a yield perspective for investors prioritising cash-on-cash returns. Units with direct MRT-side orientation may experience marginally higher noise exposure but command strong demand and rental appeal due to the proximity advantage, making them attractive for investors despite the acoustic trade-off. Corner units typically offer superior light and cross-ventilation, supporting 8-12% premium valuations and strong resale appeal, particularly for owner-occupiers willing to pay for enhanced amenity.

What is the future supply pipeline in District 10 and surrounding areas, and how might this affect Wilshire Residences' long-term value trajectory?

District 10's planning framework emphasises residential conservation and infill development rather than large-scale redevelopment, meaning substantial new condominium supply is unlikely to emerge in the immediate Farrer Road corridor within 5-10 years. The scarcity of development sites within the district, combined with collective sale complexity and acquisition costs, means new supply remains limited to marginal sites and opportunistic parcels. Any future developments that do emerge will likely be premium-positioned projects targeting the high-net-worth segment, which does not directly compete with Wilshire Residences' mid-market positioning. The broader eastern corridor planning strategy prioritises protecting residential character and green space, supporting incremental appreciation rather than speculative booms. Buyers can have reasonable confidence in sustained demand and steady capital value appreciation, as Wilshire Residences will remain relatively unchallenged by direct competitive supply for the foreseeable planning horizon. This supply scarcity is a material long-term value driver, particularly for investors seeking stable, predictable capital returns rather than speculative appreciation in emerging areas.

[For Sale] Wilshire Residences — From S$1.7M