Type

Units

Min Area

Price Range

3 BR

1453 sqft

From S$2.9XM

4+ BR

1453 sqft

From S$2.9XM

Property Highlights

Exceptional location just 120 metres from Tanjong Rhu MRT Station on the Thomson-East Coast Line
Spacious 4-bedroom, 3-bathroom unit spanning 1,453 sqft with premium finishes
Strong investment fundamentals in a maturing eastern corridor neighbourhood
Excellent connectivity to Marina Bay, CBD, and lifestyle amenities within walking distance
Priced competitively at S$2.93 million in a sought-after waterfront precinct

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Ref: 500072490

Water Place: Premium Waterfront Living at Tanjong Rhu

Water Place represents a compelling acquisition opportunity for discerning buyers seeking modern condominium living in one of Singapore's most vibrant eastern precincts. Positioned at 175 Tanjong Rhu Road, this four-bedroom residence exemplifies contemporary urban living with generous proportions and thoughtfully appointed interiors. At S$2.93 million, the property strikes an attractive balance between aspirational lifestyle and value retention in an increasingly sought-after district.

Prime Location Benefits

The defining advantage of Water Place lies in its unparalleled proximity to Tanjong Rhu MRT Station, situated a mere 120 metres away on the Thomson-East Coast Line. This exceptional connectivity transforms daily commuting patterns, reducing travel time to the Central Business District to under fifteen minutes during peak hours. The immediate environs feature a thriving ecosystem of dining establishments, retail spaces, and leisure facilities that cater to affluent residential demographics.

The waterfront setting itself contributes significantly to the property's appeal. Residents benefit from visual amenities, improved air circulation, and proximity to parks and recreational spaces that characterise Singapore's eastern corridor development. The location positions occupants within easy reach of Chang Beach Park, vibrant lifestyle precincts, and premium shopping destinations whilst maintaining the tranquility expected in a residential neighbourhood.

Property Specifications and Interior Configuration

The 1,453 square foot floor plan accommodates four generous bedrooms and three bathrooms, providing flexibility for growing families, home office requirements, and guest accommodations. The spatial configuration reflects contemporary design principles, with considered layouts that maximise natural light and functional living areas. The master suite offers ensuite facilities and walk-in wardrobe provisions typical of properties at this investment level.

Quality finishes throughout the residence underscore the development's positioning in the mid-to-premium segment. Modern kitchen installations, quality flooring, and updated bathroom suites meet expectations for properties in this price bracket. The unit's orientation and aspect have been factored into its market positioning, with south-facing or high-floor configurations commanding marginal premiums within the development.

Investment and Capital Appreciation Outlook

Water Place's valuation of S$2.93 million translates to approximately S$2,017 per square foot—a meaningful data point for comparative analysis within the Tanjong Rhu locality. Recent transaction activity in adjacent developments suggests the broader precinct has experienced steady appreciation, driven by improved MRT connectivity and upstream infrastructure investments. The Thomson-East Coast Line's completion has substantially elevated the district's profile, attracting both owner-occupiers and institutional capital.

For investor-minded purchasers, the property's proximity to transport infrastructure and emerging commercial amenities positions it favourably for rental yield potential. Contemporary four-bedroom units in this location have demonstrated consistent tenant demand, particularly amongst expatriate professionals and upgraded home-seekers. The rental yield profile, whilst not exceptional in absolute terms, reflects the capital stability and appreciation characteristics valued by long-term holding strategies.

Neighbourhood Trajectory and Future Development

The eastern corridor has undergone substantial transformation over the past decade, with Tanjong Rhu emerging as a focal point for mixed-use development. The availability of prime land parcels in proximity to the MRT station suggests continued intensification of retail and hospitality offerings. Government planning documents indicate ongoing commitment to enhancing public amenities and green spaces in the locality, factors that typically support residential property values.

Future supply considerations merit attention for medium-term investors. Whilst the immediate vicinity shows limited greenfield opportunities, the broader eastern region continues attracting development interest. However, the scarcity of waterfront parcels and MRT-adjacent development sites within the Tanjong Rhu corridor provides natural constraints on new supply, supporting the fundamentals for existing quality stock.

Buyer Suitability Considerations

Water Place appeals to multiple buyer demographics. High-net-worth individuals seeking convenience and contemporary lifestyle amenities find the location strategically positioned for business and leisure activities. Upgraders transitioning from smaller properties appreciate the generosity of space and the maturing neighbourhood character. For international buyers and expatriates, the development's accessibility to Singapore's commercial precincts and lifestyle amenities aligns with residential preferences expressed by this cohort.

Owner-occupiers benefit from immediate access to quality schools, healthcare facilities, and recreational infrastructure. The maturity of services in the eastern corridor ensures that essential amenities are well-established and reliably maintained. Investors focused on medium-to-long-term holding strategies will appreciate the combination of immediate yield prospects and embedded capital appreciation potential driven by ongoing estate-level improvements and urban regeneration initiatives.

Financing and Market Position

At the S$2.93 million price point, the property remains accessible to a broad band of qualified purchasers whilst maintaining sufficient price elevation to suggest quality and location premium. Total Debt Service Ratio considerations for most qualified buyers remain manageable, with property-to-loan values typically accommodating 80 percent loan-to-value financing arrangements. Monthly debt servicing obligations for standard thirty-year mortgage products remain proportional to expected rental income, supporting investor thesis mechanics.

Buyers undertaking second-property acquisitions should factor Additional Buyer's Stamp Duty implications into total outlay calculations. At this price range, ABSD costs represent a material consideration in overall investment economics. However, the property's fundamentals—location, size, and yield potential—justify the additional tax burden for investors viewing the acquisition as a medium-to-long-term wealth preservation vehicle rather than short-cycle trading strategy.

Conclusion

Water Place at 175 Tanjong Rhu Road presents a thoughtfully positioned residential offering within one of Singapore's most dynamically evolving neighbourhoods. The combination of superior transport accessibility, spacious family-oriented design, and location premium within a maturing estate creates compelling acquisition rationale for both occupiers and investors. At S$2.93 million, the property represents fair value within contemporary market conditions, supported by tangible neighbourhood fundamentals and transport infrastructure advantages that are unlikely to diminish in the medium term.

Frequently Asked Questions

What is the estimated rental yield if Water Place is purchased as an investment?

For a four-bedroom unit at S$2.93 million in the Tanjong Rhu locality, gross rental yield typically ranges between 3.0 and 3.5 percent annually, translating to approximately S$88,000–S$102,000 in annual rental income based on comparable lettings activity in the precinct. Actual yield performance depends on specific unit configuration, floor level, and seasonal rental demand patterns, with furnished units commanding premiums of 10–15 percent above unfurnished equivalents. The development's proximity to the MRT station and established expatriate demographic in the eastern corridor support relatively consistent tenant demand year-round, though yields in this micro-location remain constrained by the high capital base relative to available rental stock density.

How does the S$2.93M price compare to recent per-square-foot transactions in Tanjong Rhu?

Water Place's indicative pricing of approximately S$2,017 per square foot aligns closely with recent transactional evidence within the Tanjong Rhu and eastern corridor micro-markets for comparable four-bedroom units. Recent sales data from adjacent developments suggests a pricing band of S$1,900–S$2,100 psf for properties of similar size and configuration, indicating the subject property sits within market expectations rather than at a premium or discount. Variance within this band typically reflects specific factors such as unit orientation, floor level, finishes quality, and exact distance from the MRT station—variables that require site-specific assessment to determine precise positioning within the comparative value range.

What are the ABSD implications for second-property buyers at this S$2.93M price point?

Purchasers acquiring Water Place as a second residential property face Additional Buyer's Stamp Duty at 15 percent on the purchase price, equating to approximately S$439,500 in tax liability on a S$2.93 million acquisition. This substantial duty must be factored into total outlay planning alongside conveyancing fees, legal costs, and any renovation or refurbishment budgets. Whilst ABSD represents a significant cost burden, it should be evaluated within the context of medium-to-long-term holding horizons where capital appreciation and rental income together justify the initial tax friction—particularly given the property's location advantages and underlying demand fundamentals in the eastern corridor precinct.

Are there lease decay risks or resale value impacts if the property is leasehold?

Leasehold properties in the Tanjong Rhu locality typically commence with 99-year tenure, which provides two to three generations of utility before lease decay becomes a material concern. At the current point in the lease term (if recently completed or in the 80–85 year remaining band), resale demand remains robust as Singapore's property market continues to value 99-year leasehold contracts favourably. However, purchasers should verify exact remaining lease tenure prior to acquisition, as properties dropping below 80 years remaining may experience marginal valuation discounts and encounter increased difficulties attracting institutional financing. The development's relative newness (if recently completed) typically ensures strong lease positioning, supporting both resale marketability and rental appeal throughout the buyer's holding period.

How does proximity to Tanjong Rhu MRT Station affect demand and capital appreciation?

The Thomson-East Coast Line's completion and the establishment of Tanjong Rhu Station as a fully operational interchange has fundamentally elevated the neighbourhood's appeal and capital value trajectory. Properties within 250 metres of operational MRT stations in Singapore historically command 10–15 percent capital premiums relative to equivalent properties in less-connected locations, attributable to commute time reduction, foot traffic generation for retail and services, and enhanced lifestyle convenience. Water Place's position 120 metres from the station places it within the optimal proximity band, positioning it favourably for both owner-occupier demand (time-constrained professionals seeking connectivity) and investor interest (rental demand from commuting expatriates). Future capital appreciation is substantially supported by this location advantage, which creates a structural demand floor unlikely to diminish regardless of broader market cycles.

Which buyer profiles are best suited to Water Place—HNW, upgraders, first-timers, or investors?

High-net-worth individuals find Water Place appealing for its location efficiency, contemporary lifestyle positioning, and wealth preservation characteristics, though the four-bedroom configuration may suit this cohort less ideally than larger penthouses or villa-equivalent properties. Upgraders transitioning from two-to-three bedroom units represent the most natural occupier demographic, appreciating the additional space, maturing neighbourhood character, and transport accessibility that support lifestyle evolution. First-time substantial property buyers can access the market through this price point with confident financing terms, though absolute cost remains material relative to mass-market entry products. Investors focused on rental yield and capital stability view the property favourably, though yield-optimising investors might find alternative locations in developing corridors offering higher percentage returns despite potentially lower absolute capital bases.

What are TDSR and financing headroom implications at the S$2.93M price point?

A S$2.93 million property acquisition with standard 80 percent loan-to-value financing yields a loan amount of approximately S$2.34 million, attracting monthly debt service costs of roughly S$15,000–S$16,000 depending on prevailing interest rates and loan tenure (typically 30 years for residential mortgages). Under Singapore's Total Debt Service Ratio guidelines, qualifying purchasers require gross household incomes in the region of S$45,000–S$50,000 monthly to comfortably service this obligation without exceeding recommended TDSR thresholds of 60 percent. Properties at this price point remain accessible to the broad professional demographic (senior corporate executives, medical professionals, established business owners) but exclude entry-level salaried professionals unless dual-income households or complementary asset positions provide additional serviceability buffer. Investors incorporating rental income into serviceability calculations may access financing with lower absolute personal income thresholds, provided lenders accept rental cashflow evidence.

How does Water Place compare to competing developments in the Tanjong Rhu vicinity?

The Tanjong Rhu locality features several competing developments including The Pinnacle@Duxton (older, denser high-rise portfolio), Piermont Grand (contemporary, premium positioning), and legacy low-rise residential enclaves offering varying configurations and price bands. Water Place's distinctive positioning centres on waterfront proximity combined with modern amenities and MRT adjacency, differentiating it from purely inland developments whilst maintaining pricing discipline relative to ultra-premium waterfront flagship projects. Purchasers comparing Water Place to competing supply should evaluate specific unit layouts, finishes quality, and amenity packages alongside location micro-variables (exact MRT distance, park adjacency, retail proximity) rather than relying upon broad category comparisons. The development's relative position within its competitive set depends heavily on specific unit characteristics—high floors with water views and optimal orientation command premium valuations, whilst internal units at comparable price points may offer superior value for yield-focused investors prioritising absolute rental income over aspirational lifestyle positioning.

Are certain unit stacks or floor levels at Water Place better positioned for value?

Mid-to-high floor units (approximately 15–25 storeys, depending on total development height) typically offer optimal value balance in the S$2.93 million price band, providing water views and improved air circulation without commanding the exceptional premiums attached to penthouses or ultra-premium floor plates. Units positioned on the eastern or water-facing aspects of the building benefit from enhanced natural lighting, visual amenities, and improved resale appeal versus inward-facing or northern exposures, often justifying 5–8 percent valuation uplift. Lower-floor units (ground to 8th storey) may present value opportunities for investors prioritising yield over occupier appeal, as rental tenants often demonstrate weak preference strength for ground-proximity, whilst owner-occupiers typically avoid these levels. The highest-value units from both appreciation and rental demand perspectives cluster within the 16–22 storey band on primary facade aspects, where visual premium crystallises into measurable capital and income uplift.

What is the future supply pipeline in the eastern corridor, and how does it affect Water Place's outlook?

The eastern corridor has experienced substantial development intensity over the past decade, with major projects including Marina One, the mixed-use Kampong Glam precinct redevelopments, and ongoing intensification around MRT nodes contributing to supply growth. However, remaining greenfield opportunities within the immediate Tanjong Rhu vicinity are constrained by existing residential density and land scarcity, suggesting new supply in the immediate locality will remain muted absent significant urban renewal initiatives. Government planning trajectories emphasise enhancement of existing precincts rather than wholesale replacement, indicating a market environment where existing quality stock like Water Place faces limited competitive pressure from new development. The broader supply pipeline in Marina Bay and Outram areas may exert modest competitive pressure on entry-level segments, but four-bedroom family residences positioned at premium location nodes (MRT-adjacent, waterfront-accessible) remain undersupplied relative to underlying demand, providing structural support for Water Place's medium-term capital and rental performance.

Water Place, Tanjong Rhu – 4BR Condo, S$2.93M, MRT Adjacent