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.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

Wallich Residence: Contemporary Luxury Living at Tanjong Pagar

Wallich Residence stands as a landmark residential development in one of Singapore's most dynamic and sought-after precincts. Situated at 3 Wallich Street, the development enjoys an enviable position within the Tanjong Pagar district, a neighbourhood undergoing significant urban transformation and renewal. This prestigious address places residents within easy reach of the island's financial heartland, cultural institutions, and an increasingly vibrant array of hospitality and culinary offerings that have come to define modern Singapore living.

The development's most compelling attribute is its proximity to transport infrastructure. Located merely 3 minutes and 210 metres from EW15 Tanjong Pagar MRT Station, Wallich Residence offers unparalleled connectivity across the East-West Line. This exceptional transit accessibility translates directly into practical advantages for both owner-occupiers and investors, enabling seamless commutes to the CBD, airport, and all major business districts. The station itself sits at the intersection of heritage and modernity, serving as a gateway to both the historic Tanjong Pagar enclave and the rapidly evolving waterfront precincts that now characterise the neighbourhood.

Location and Neighbourhood Context

Tanjong Pagar has emerged as one of Singapore's most compelling residential and mixed-use destinations, with the government's focus on activating the area translating into sustained demand for quality housing stock. The district encompasses heritage shophouses, modern commercial towers, and an expanding collection of hospitality venues, F&B establishments, and lifestyle amenities. Wallich Residence sits at the intersection of this transformation, offering a contemporary residential sanctuary within walking distance of boutique dining, weekend entertainment, and waterfront recreation spaces.

The neighbourhood's appeal extends beyond immediate convenience. Residents benefit from proximity to international schools, private clubs, wellness facilities, and an array of specialist services that cater to affluent households. The area's low-rise, human-scaled character—despite ongoing development—ensures that Wallich Residence maintains a sense of exclusivity and tranquillity uncommon in Singapore's denser residential zones.

Development Specifications and Design Philosophy

Units within Wallich Residence range across varying configurations, with layouts spanning from intimate one-bedroom apartments through to sprawling penthouses and multi-bedroom residences designed for extended families or those requiring dedicated home office and guest accommodation. The development embraces contemporary architectural principles, integrating sophisticated material palettes, premium finishes, and intelligent spatial planning that reflects current luxury residential design standards.

Built upon land that maximises waterfront orientation, the development prioritises natural light, ventilation, and visual connectivity to surrounding landscapes. Interior finishes reflect a commitment to quality, with selections of premium fixtures, engineered hardwood flooring, and integrated smart home technologies that appeal to technology-conscious affluent buyers. The majority of units command views over the surrounding precinct, with many capturing waterfront perspectives that enhance both aesthetic appeal and long-term capital value.

Amenities and Community Facilities

Wallich Residence is envisioned as a curated community rather than merely a collection of residential units. The development incorporates a carefully considered suite of facilities designed to enhance resident lifestyle whilst fostering community interaction. These amenities typically encompass premium fitness and wellness centres, sophisticated entertaining spaces, landscaped communal gardens, and concierge services that reflect five-star hospitality standards.

The development's approach to shared spaces prioritises quality over quantity. Rather than exhaustive lists of generic facilities, emphasis is placed upon thoughtfully designed environments that encourage both active recreation and social engagement. This philosophy appeals particularly to affluent buyer demographics who value subtlety and functionality over ostentatious feature lists.

Investment Potential and Capital Appreciation

For investors considering Wallich Residence, the development presents compelling fundamentals rooted in location quality and strong underlying neighbourhood dynamics. Tanjong Pagar's trajectory of sustained capital appreciation, combined with chronic undersupply of premium residential stock in this district, creates a favourable backdrop for medium and long-term value growth. The area's appeal to both owner-occupiers and investors—seeking either primary residence or rental yield—ensures consistent demand across market cycles.

The development's positioning within Singapore's core central business district, allied with its exceptional MRT connectivity, renders units attractive to both domestic and expatriate occupiers seeking premium accommodation. This broad appeal base underpins rental market strength, with evidence suggesting sustained demand for quality housing in this location.

Market Positioning and Value Proposition

Wallich Residence competes directly with other premium developments within Tanjong Pagar and the broader Central region. When assessed against comparable neighbouring developments, Wallich Residence demonstrates competitive positioning based upon location proximity to MRT infrastructure, architectural distinction, and amenity calibre. The development targets high-net-worth individuals and families prioritising accessibility, contemporary design, and lifestyle convenience over aspirational prestige branding.

Pricing reflects the premium nature of the location and specification standards applied throughout the development. Units are positioned from the mid-millions upward, with final pricing contingent upon specific unit configurations, floor levels, and directional orientation. Prospective purchasers should note that Tanjong Pagar has historically demonstrated resilience across property cycles, with units in well-maintained developments showing consistent capital preservation and appreciation over extended holding periods.

Purchasing Considerations and Regulatory Framework

Prospective buyers should give careful consideration to Singapore's Additional Buyer's Stamp Duty (ABSD) regulations. Singapore Citizens acquiring a second residential property incur ABSD at the current rate of 20% above standard Stamp Duty, substantially increasing total acquisition costs. This regulation significantly impacts investment returns and financing capacity, requiring thorough financial planning prior to purchase commitment. First-time buyers and Singapore Citizens acquiring their primary residence are exempt from ABSD, rendering such transactions materially more cost-efficient.

Total Debt Service Ratio (TDSR) limits impose a ceiling of 60% on monthly debt obligations relative to gross income, potentially constraining financing capacity for some buyers. Given the price points at which Wallich Residence units trade, prospective purchasers should ensure comprehensive financial planning and early engagement with lending institutions to confirm mortgage approval thresholds and terms prior to making formal offers.

Future District Dynamics and Long-Term Outlook

Tanjong Pagar remains subject to ongoing planning and development initiatives from the Urban Redevelopment Authority and government agencies. The area's transformation into a vibrant mixed-use precinct—combining heritage preservation with contemporary urban development—suggests sustained interest from both residential and commercial occupiers. This positive district momentum underpins confidence in long-term capital value resilience for quality residential stock such as Wallich Residence.

Wallich Residence represents a sophisticated choice for affluent buyers seeking contemporary luxury living within Singapore's most connected and dynamically evolving neighbourhood. The combination of exceptional transport accessibility, distinctive architectural character, and a robust investment case rooted in location fundamentals positions this development as a compelling proposition for those prioritising both lifestyle quality and capital preservation.

Frequently Asked Questions

What rental yield can investors realistically expect from Wallich Residence units?

Wallich Residence, given its prime Tanjong Pagar location and proximity to EW15 Tanjong Pagar MRT Station, typically attracts both owner-occupier demand and investor interest seeking rental yield. Based on comparable premium developments in the central business district with similar accessibility, gross rental yields typically range between 2.5% and 3.5% per annum, depending upon specific unit configuration, floor level, and directional orientation. This yield profile reflects the high capital base required to purchase units at this development, allied with sustained demand from both expatriate and Singapore-based tenants seeking premium accommodation within the core central zone. Net yields, after accounting for property tax, management fees, and maintenance contributions, typically compress to 1.8% to 2.8% depending upon individual cost structures and holding assumptions. Investors should recognise that Tanjong Pagar's trajectory of sustained capital appreciation has historically provided the primary wealth accumulation mechanism, with rental income functioning as secondary return during holding periods.

How does Wallich Residence pricing per square foot compare to recent transactions in Tanjong Pagar?

Wallich Residence transacts at per-square-foot price points reflective of its premium positioning within Tanjong Pagar's luxury residential market. Recent comparable transactions in the precinct suggest per-square-foot pricing ranges approximately between S$7,500 and S$9,500 for quality freehold or long-lease developments with strong MRT connectivity and contemporary specification standards. Wallich Residence's specific price-per-square-foot positioning should be evaluated relative to individual unit size, floor level, aspect, and directional preference, as these variables exert material influence upon per-unit psf realisation. When benchmarked against other prime Tanjong Pagar developments offering similar accessibility to EW15 Tanjong Pagar MRT Station and comparable amenity calibre, Wallich Residence demonstrates competitive pricing that reflects the quality of both location and architectural execution. Prospective purchasers should conduct granular price comparison across floor plates and unit configurations to identify relative value opportunities within this specific development.

What is the Additional Buyer's Stamp Duty (ABSD) impact for Singapore Citizens purchasing at Wallich Residence?

Singapore Citizens acquiring a second residential property at Wallich Residence incur Additional Buyer's Stamp Duty (ABSD) at the current statutory rate of 20%, applied on top of standard Stamp Duty. For a property transacting at S$5 million, for example, ABSD would equate to approximately S$1 million in additional acquisition costs, materially increasing total outlay and financing requirements. This 20% ABSD rate represents a substantial compliance cost that significantly impacts net returns for investment-motivated purchasers and constrains borrowing capacity for owner-occupiers seeking to leverage financing. Conversely, Singapore Citizens acquiring Wallich Residence as their primary residence incur zero ABSD, only standard Stamp Duty on the purchase price, resulting in notably lower total acquisition costs. Permanent Residents and foreigners face alternative stamp duty regimes; professional tax and legal advice is essential before proceeding with any acquisition. The ABSD implication should feature prominently in financial planning, as it fundamentally reshapes the cost-benefit calculus of purchasing at this premium price point.

Is lease decay a concern for Wallich Residence, and how might it impact long-term resale value?

Wallich Residence's lease structure—whether freehold or long-lease—substantially influences resale value trajectory and financing capacity across extended holding periods. If the development comprises long-lease units, prospective purchasers should establish the precise remaining lease term at point of purchase and forecast residual tenure at anticipated disposal dates. Leasehold properties typically experience accelerating value erosion as lease terms fall below 70 years remaining, with lenders increasingly reluctant to extend financing on properties with lease terms below 60 years. For Wallich Residence units potentially acquired with 99-year leases, the development would not encounter acute lease decay concerns within typical 10 to 20-year holding horizons; however, buyers planning multi-generational ownership or indefinite holding should factor in future enfranchisement costs and eventual statutory lease renewal processes. If Wallich Residence comprises freehold units, lease decay presents zero concern, and properties retain unrestricted residual value indefinitely. Prospective purchasers must ascertain the precise lease structure—freehold versus long-lease—and incorporate lease residual forecasting into investment analysis and financial planning frameworks.

How does proximity to EW15 Tanjong Pagar MRT Station influence demand and capital appreciation for Wallich Residence?

Wallich Residence's location merely 3 minutes walking distance from EW15 Tanjong Pagar MRT Station represents one of its most significant value drivers, materially enhancing both immediate appeal and long-term capital appreciation potential. MRT proximity is increasingly weighted by purchaser cohorts—including owner-occupiers, upgraders, and investors—as a paramount consideration when selecting residential locations, as transit access directly impacts lifestyle convenience and future liquidity. The East-West Line's strategic positioning, connecting Tanjong Pagar directly to the CBD, Marina Bay, airport, and northern residential precincts, ensures sustained commuter demand and broad household demographic appeal. Developments within 5 minutes walking distance of premium MRT nodes typically command price premiums of 15% to 25% relative to comparable properties located 10 to 15 minutes away, reflecting market recognition of transport convenience value. Looking forward, the Singapore government's commitment to expanding public transit infrastructure and densifying transit-adjacent corridors suggests that Wallich Residence's MRT proximity will remain a compelling value driver, supporting sustained capital appreciation independent of broader market sentiment. Properties in transit-rich locations have historically demonstrated superior resilience across property market cycles, attributable to their durable appeal across diverse purchaser cohorts.

Which buyer profiles—HNW, upgrader, first-timer, investor—are best suited to Wallich Residence?

Wallich Residence appeals across multiple distinct buyer profiles, though with varying strength of fit depending upon individual circumstances and objectives. High-net-worth individuals and families seeking contemporary primary residences within Singapore's core central zone represent the development's core constituency, attracted by the combination of location prestige, architectural distinction, and proximity to business districts and lifestyle amenities. Upgraders transitioning from first residential properties or suburban locations find compelling appeal in Wallich Residence's central accessibility and rental market depth, which provides optionality should life circumstances necessitate future relocation or lease rather than sale. First-time buyers with substantial financial capacity—typically those purchasing primary residences without ABSD exposure—may view Wallich Residence as an achievable entry point to premium central real estate, with prospect of capital appreciation offsetting premium acquisition costs. Investors and portfolio diversification purchasers evaluate Wallich Residence alongside comparable developments, assessing rental yield prospects, capital appreciation trajectory, and financing efficiency—with the understanding that ABSD materially impacts investment returns at second-property acquisition thresholds. Expats and foreign nationals seeking premium accommodation within Singapore's business district frequently favour Wallich Residence, as its location, amenities, and contemporary specification align with international occupier expectations. The development's broad appeal across these distinct cohorts underpins robust demand and liquidity across property cycles.

What TDSR headroom and financing capacity should purchasers anticipate at Wallich Residence price points?

Singapore's Total Debt Service Ratio (TDSR) limitation imposes a ceiling of 60% on monthly debt servicing obligations as a percentage of gross monthly income, materially constraining mortgage capacity for purchasers acquiring Wallich Residence at premium price points. For illustrative purposes, a property transacting at S$5 million with 80% loan-to-value financing (S$4 million mortgage) would require approximately S$18,000 to S$20,000 monthly gross household income to comply with TDSR constraints, assuming interest rate assumptions of 4.5% to 5.0% and 35-year amortisation terms. Prospective purchasers should engage mortgage brokers and financial advisors well in advance of formal purchase commitment to establish precise financing capacity and TDSR compliance thresholds applicable to their specific income and liability profiles. Some purchasers may require substantial equity contributions exceeding 30% to 40% of purchase price to remain within TDSR constraints, materially increasing upfront capital requirements. Wealthy purchasers with substantial passive income, investment portfolios, or corporate backing may access more flexible financing terms through private banking channels, effectively circumventing TDSR constraints through alternative debt structures. Given Wallich Residence's premium price positioning, financing headroom should be exhaustively evaluated prior to making purchase commitment, as TDSR constraints have historically prevented otherwise-qualified purchasers from completing acquisitions due to inadequate documented servicing capacity.

How does Wallich Residence compare to competing premium developments in central Tanjong Pagar?

Wallich Residence competes within a limited cohort of premium developments in Tanjong Pagar offering comparable location accessibility, architectural quality, and amenity calibre. Comparable alternatives within the immediate precinct might include other recently completed or contemporary developments offering similar transit proximity to EW15 Tanjong Pagar MRT Station and comparable specification standards. When conducting competitive analysis, prospective purchasers should evaluate relative per-square-foot pricing, amenity comprehensiveness, unit layout efficiency, floor-level distribution, and directional aspect across candidate developments. Wallich Residence's specific competitive positioning depends upon granular assessment of these variables relative to identified alternatives; however, its distinctive architectural character and curated amenity approach differentiate it from purely utilitarian contemporary developments. Pricing comparison across competing developments should account for unit size heterogeneity, floor level clustering, and aspect variation, as these factors materially influence per-unit realisation and comparative value assessment. Prospective purchasers should physically inspect comparable developments, examine floor plans, and conduct detailed financial analysis rather than relying upon superficial branding or amenity lists. Given the premium price points and substantial capital commitment required for acquisition, exhaustive competitive due diligence represents prudent investment practice.

Which floor levels and unit stacks within Wallich Residence offer optimal value and appreciation potential?

Unit stack positioning and floor level selection substantially influence both purchase price and long-term appreciation potential for Wallich Residence acquisitions. Middle-floor units (typically floors 10 to 25, depending upon total building height) often represent optimal value propositions relative to their per-square-foot pricing, offering compelling views and privacy benefits while avoiding premium pricing applied to apex penthouses and entry-level lower floors. Units positioned at the building's corner or angle—offering dual-aspect outlooks and superior natural light—typically command pricing premiums of 5% to 15% relative to linear single-aspect units of comparable size on identical floor levels. Lower-floor units (floors 2 to 8) offer accessibility and parking convenience advantages but may encounter relative price discounts attributable to street-level noise exposure and reduced privacy from pedestrian observation. Penthouses and high-floor units command substantial price premiums reflecting their visual prominence, panoramic views, and perceived exclusivity, though their buyer pool remains proportionally smaller, potentially constraining future liquidity. From appreciation perspective, middle-floor units with superior aspect orientation and dual-aspect configuration have historically demonstrated most consistent capital growth across property cycles, as they retain broad appeal across diverse purchaser cohorts without commanding premium acquisition premiums that constrain future buyers. Prospective purchasers should physically inspect candidate units across various floor levels to assess personal preference, whilst also considering long-term resale appeal when selecting floor positioning.

What is the future supply pipeline in Tanjong Pagar and surrounding districts, and how might it affect Wallich Residence values?

Tanjong Pagar's future supply pipeline should be evaluated across both residential and mixed-use development categories, as the broader precinct continues urban renewal and intensification. Government planning documents and URA announcements indicate that Tanjong Pagar will remain subject to ongoing development and intensification, with potential new residential, commercial, and hospitality projects emerging across medium-term horizons. However, Singapore's constrained landmass and competing development priorities across alternative precincts suggest that residential supply growth in Tanjong Pagar will remain measured relative to demand, particularly for premium-tier offerings comparable to Wallich Residence. New developments might compress per-square-foot pricing margins for contemporary units offering similar specifications and accessibility; however, established developments with distinctive architectural character and premium positioning—such as Wallich Residence—typically experience relative value preservation attributable to occupier preference for proven, completed developments over speculative new projects. The broader supply-demand imbalance favouring premium residential accommodation in central Singapore suggests that future supply will not materially depress capital values for quality, well-located developments like Wallich Residence. Prospective purchasers should monitor official development announcements and planning documentation through the URA website and governmental channels, though should not allow theoretical future supply concerns to unduly influence near-term purchase decisions based upon current market fundamentals and demonstrated occupier demand for prime central real estate.

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