District 15 · Kallang · RCR
Water Place
Tanjong Rhu Road · Condominium · 99 yrs lease commencing from 1998
Current PSF
$1,895
+8.4% vs district median
Gross yield
3.0%
median rent $6,000/mo
3-year gain
17.2%
Transactions · 5y
91
14 in last 12 months
Nearest MRT
Tanjong Rhu Mrt Station · 193.497m
TEL
Future MRT
Defu Mrt Station
CRL · 2030
Vs local HDB
-
Area income
$8,500/mo median
residential zone
En-bloc potential33 / 100
28 years old · composite of plot use, age, tenure, value gap & size
Lease decay71 years left
worth 86.5%of freehold today (Bala’s Table) · loses ~5.9pts of freehold value over the next decade
Tenanted
100%
units with active leases
Rent momentum
+3.3%
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
6%
PSF dispersion within project
The neighbourhood
Food
Golden Mile Food Centre · 1.2km
Green
East Coast Park Area A3 · 607m - 2 parks within 1km
Mall
Kallang Wave Mall · 788m
Health
Raffles Hospital (hospital) · 1.8km
Who lives in Kallang
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
Residents
101,290
Median age
46 yrs
41% under 40 · getting older
Children 0–9
8,060
▼ 8% since 2015 · future P1 demand
Household size
2.7 avg
Homes
78% HDB
19% condo · 1% landed
Degree holders
33%
residents 15+
Commute
60% transit
18% drive
45 min+ to work
16%
The neighbourhood, photographed
freely-licensed photographs taken within ~450 m · Wikimedia Commons
What the record shows
The floor premium
Over the last 3 years, units on the 10th floor and above transacted at a median $1,894 psf - 9% above units on floors 1–5 ($1,733 psf).
Price trend average PSF by year
2021
$1,329
2022
$1,505
+13.2%
2023
$1,635
+8.6%
2024
$1,773
+8.4%
2025
$1,860
+4.9%
2026
$1,916
+3%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 1BR | $3,300/mo | $4.40 | 2.8% | 3 |
| 2BR | $4,500/mo | $4.74 | 3.0% | 37 |
| 3BR | $5,800/mo | $4.64 | 2.9% | 286 |
| 4BR | $6,600/mo | $4.26 | 2.7% | 61 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Jun 2026 | $2,380,000 | 1,216 | $1,957 | 11-15 |
| May 2026 | $2,520,000 | 1,281 | $1,967 | 16-20 |
| May 2026 | $2,200,000 | 1,216 | $1,809 | 01-05 |
| Apr 2026 | $2,540,000 | 1,356 | $1,873 | 11-15 |
| Apr 2026 | $2,470,000 | 1,356 | $1,821 | 11-15 |
| Feb 2026 | $3,100,000 | 1,561 | $1,986 | 06-10 |
| Feb 2026 | $2,450,000 | 1,227 | $1,997 | 16-20 |
| Dec 2025 | $2,350,000 | 1,227 | $1,915 | 11-15 |
| Nov 2025 | $3,000,000 | 1,561 | $1,922 | 11-15 |
| Oct 2025 | $2,235,000 | 1,216 | $1,838 | 01-05 |
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