Completed 2004
Water Place
D15 · East Coast / Marine Parade · 171 Tanjong Rhu Road
A 437-unit condo in D15, completed in 2004, on a 99-year lease from 1998 with about 70 years left. Developed by Far East Organization.
Source: Condo master (URA caveats); URA transactions, Sep 2026
70 yrs
Lease left
$1,898
Avg $psf, 12 months
11
Sales, 12 months
2004
Completed
02 — Prices
Water Place prices
Last 12 months
11
Sales
$1,898
Average $psf
$1,795 – $1,997
$psf range
$2.2M – $3.1M
Price range
By unit size
Last 12 months
SizeSalesAvg $psfAvg pricePrice range
1,100–1,299 sq ft6 sales$1,914 psfAvg $2.36M$2.2M – $2.52M
1,300–1,599 sq ft5 sales$1,879 psfAvg $2.71M$2.44M – $3.1M
Average $psf by year
In 2025, sales here averaged $1,860 psf, 13% below the D15 average of $2,133 psf for private homes (condos, apartments and ECs).
This condoD15 average
$2,500
$1,800
$1,100
$1,221
2015’15
$1,227
2016’16
$1,191
2017’17
$1,296
2018’18
$1,301
2019’19
$1,252
2020’20
$1,320
2021’21
$1,505
2022’22
$1,638
2023’23
$1,773
2024’24
$1,860
2025’25
$1,901
2026’26
Show as a table
| Year | This condo | D15 average |
|---|---|---|
| 2026 | $1,901 | $2,192 |
| 2025 | $1,860 | $2,133 |
| 2024 | $1,773 | $2,319 |
| 2023 | $1,638 | $2,227 |
| 2022 | $1,505 | $1,858 |
| 2021 | $1,320 | $1,695 |
| 2020 | $1,252 | $1,528 |
| 2019 | $1,301 | $1,674 |
| 2018 | $1,296 | $1,465 |
| 2017 | $1,191 | $1,458 |
| 2016 | $1,227 | $1,280 |
| 2015 | $1,221 | $1,298 |
Sales by year
585 sales since 2007; the busiest year was 2007 with 139. The 2026 bar covers Jan–Sep.
150
75
0
Show as a table
| Year | Resale | Total |
|---|---|---|
| 2026 | 8 | 8 |
| 2025 | 20 | 20 |
| 2024 | 15 | 15 |
| 2023 | 21 | 21 |
| 2022 | 20 | 20 |
| 2021 | 22 | 22 |
| 2020 | 9 | 9 |
| 2019 | 11 | 11 |
| 2018 | 30 | 30 |
| 2017 | 20 | 20 |
| 2016 | 18 | 18 |
| 2015 | 16 | 16 |
| 2014 | 18 | 18 |
| 2013 | 16 | 16 |
| 2012 | 58 | 58 |
| 2011 | 56 | 56 |
| 2010 | 41 | 41 |
| 2009 | 29 | 29 |
| 2008 | 18 | 18 |
| 2007 | 139 | 139 |
Sales in the last two years
30 sales, newest first. Units show the floor only.
DateUnitSizePrice$psfType
13 Jul 2026#05-XX1,356 sq ft$2.44M$1,795 psfResale
9 Jun 2026#15-XX1,216 sq ft$2.38M$1,957 psfResale
19 May 2026#03-XX1,216 sq ft$2.2M$1,809 psfResale
7 May 2026#17-XX1,281 sq ft$2.52M$1,967 psfResale
30 Apr 2026#11-XX1,356 sq ft$2.47M$1,821 psfResale
22 Apr 2026#15-XX1,356 sq ft$2.54M$1,873 psfResale
26 Feb 2026#17-XX1,227 sq ft$2.45M$1,997 psfResale
5 Feb 2026#09-XX1,561 sq ft$3.1M$1,986 psfResale
29 Dec 2025#12-XX1,227 sq ft$2.35M$1,915 psfResale
20 Nov 2025#14-XX1,561 sq ft$3M$1,922 psfResale
Show all 30 sales
16 Oct 2025#03-XX1,216 sq ft$2.24M$1,837 psfResale
27 Aug 2025#06-XX1,227 sq ft$2.28M$1,858 psfResale
25 Aug 2025#07-XX1,216 sq ft$2.38M$1,957 psfResale
22 Aug 2025#04-XX1,216 sq ft$2.17M$1,784 psfResale
11 Aug 2025#08-XX1,356 sq ft$2.51M$1,849 psfResale
28 Jul 2025#19-XX1,281 sq ft$2.61M$2,038 psfResale
16 Jun 2025#13-XX1,216 sq ft$2.25M$1,851 psfResale
6 Jun 2025#13-XX1,453 sq ft$2.65M$1,824 psfResale
2 Jun 2025#14-XX1,227 sq ft$2.25M$1,834 psfResale
29 May 2025#03-XX1,216 sq ft$2.15M$1,768 psfResale
29 May 2025#08-XX1,216 sq ft$2.13M$1,750 psfResale
26 May 2025#12-XX904 sq ft$1.82M$2,013 psfResale
3 Apr 2025#13-XX1,281 sq ft$2.59M$2,021 psfResale
7 Mar 2025#04-XX1,216 sq ft$2.1M$1,727 psfResale
4 Feb 2025#08-XX1,216 sq ft$2.1M$1,727 psfResale
3 Feb 2025#11-XX904 sq ft$1.8M$1,991 psfResale
27 Jan 2025#12-XX1,561 sq ft$2.85M$1,826 psfResale
7 Jan 2025#07-XX1,216 sq ft$2.08M$1,710 psfResale
16 Dec 2024#06-XX1,356 sq ft$2.45M$1,806 psfResale
23 Oct 2024#05-XX1,356 sq ft$2.46M$1,812 psfResale
Compared with nearby condos
Compared with D15 and the five nearest similar condos · average $psf and price, all unit sizes
Water Place
$1,898 psfavg $2.52M
D15 median
$2,244 psfavg $2.39M
Sanctuary Green
$1,644 psfavg $2.42M
Tanjong Ria Condominium
$1,645 psfavg $1.59M
Casuarina Cove
$1,631 psfavg $2.46M
Parkshore
$2,207 psfavg $2.72M
Pebble Bay
$1,836 psfavg $3.52M
1-Bedroom units · average price and $psf, last 12 months
Water Place
–
D15 median
$1.34M$2,428 psf
Concourse Skyline
$2.11M$1,931 psf
The Line @ Tanjong Rhu
$953k$2,270 psf
Arina East Residences
$1.31M$2,643 psf
Duo Residences
$1.45M$2,201 psf
Midtown Modern
$1.23M$2,893 psf
2-Bedroom units · average price and $psf, last 12 months
Water Place
–
D15 median
$1.96M$2,336 psf
Sanctuary Green
$1.45M$1,818 psf
Pebble Bay
$2.5M$1,870 psf
Costa Rhu
$2.41M$1,562 psf
Aurea
$1.9M$2,860 psf
Concourse Skyline
$2.85M$2,064 psf
3-Bedroom units · average price and $psf, last 12 months
Water Place
–
D15 median
$3.1M$2,535 psf
Sanctuary Green
$2.4M$1,673 psf
Casuarina Cove
$2.62M$1,664 psf
Pebble Bay
$3.79M$1,774 psf
Aurea
$2.74M$2,740 psf
The Waterside
$5.46M$2,333 psf
4-Bedroom units · average price and $psf, last 12 months
Water Place
–
D15 median
$4.48M$2,681 psf
Sanctuary Green
$3.84M$1,294 psf
Camelot By-the-water
$5.95M$1,960 psf
Aurea
$5.68M$3,162 psf
Concourse Skyline
$4.78M$2,095 psf
Arina East Residences
$3.98M$2,788 psf
Prices by bedroom type are based on matching sales to unit sizes.
Source: URA caveats, Sep 2026. The 2026 averages cover Jan–Sep.
03 — Rent
Water Place rent
Leases starting Sep 2025–Aug 2026
76
Leases
$6,050
Median rent a month
$2.52M
Avg sale price, 12 months
2.9%
Est. gross yield
D15 median rent: $4,600 a month; est. gross yield 2.1%.
By bedroom type
TypeLeasesMedian rentMiddle halfD15 median
2-Bedroom8 leases$4,650 median$4,500 – $4,875D15 $4,400
3-Bedroom55 leases$6,000 median$5,900 – $6,200D15 $6,000
4-Bedroom13 leases$7,300 median$6,725 – $7,700D15 $8,300
Rent and yield compared with nearby condos
Est. gross yield, with median rent a month · nearest condos with 5+ leases
Water Place
2.9%$6,050 median rent
D15 median
2.1%$4,600 median rent
Sanctuary Green
2.8%$5,700 median rent
Tanjong Ria Condominium
3.8%$5,000 median rent
Casuarina Cove
2.4%$5,000 median rent
Parkshore
2.7%$6,000 median rent
Pebble Bay
3.0%$8,750 median rent
2-Bedroom units · median rent a month, with est. gross yield where sales allow
Water Place
$4,650
D15 median
$4,400
Sanctuary Green
$4,2003.5% yield
Tanjong Ria Condominium
$4,000
Casuarina Cove
$4,500
Parkshore
$4,200
Pebble Bay
$6,2003.0% yield
3-Bedroom units · median rent a month, with est. gross yield where sales allow
Water Place
$6,000
D15 median
$6,000
Sanctuary Green
$6,0003.0% yield
Tanjong Ria Condominium
$5,350
Casuarina Cove
$6,5003.0% yield
Parkshore
$6,200
Pebble Bay
$9,0002.9% yield
4-Bedroom units · median rent a month, with est. gross yield where sales allow
Water Place
$7,300
D15 median
$8,300
Sanctuary Green
$7,3002.3% yield
Pebble Bay
$13,000
Costa Rhu
$9,500
Riveredge
$7,000
Concourse Skyline
$12,150
Estimated gross yield: a year of median rent (leases starting Sep 2025–Aug 2026) over the average sale price of the last 12 months, before costs. No yield is shown with fewer than 3 sales in the year. Rents and sale prices both cover roughly the last 12 months, so read the yield as a guide to that year rather than an exact figure. A higher yield often reflects a lower price, such as an older lease, rather than a better buy.
Source: URA rental contracts, Aug 2026
04 — Lease
70years left of 99
1998Ends 2097
99-year lease from 2 Mar 1998. About 70 years remain as of Sep 2026.
Source: Condo master (URA caveats)
05 — Unit mix
Water Place floor plans by bedroom type
6 layouts. Pick a type to see its floor plans.
Bedroom typeLayoutsSize range
Source: Developer floor plans; bedroom counts read by Stacked
06 — Location
Near Water Place
MRT stations
TE Tanjong Rhu
150 m · 2 min walk
CC Stadium
930 m · 11 min walk
CC Nicoll Highway
1.1 km
CCDT Promenade
1.4 km
Walking times are estimates based on OneMap walking routes; stations without one are straight-line distances. Check OneMap for your exact route.
Everyday amenities
Park
East Coast Park
1.4 km · 17 min
Clinic
The Good Clinic
1.9 km · 23 min
Supermarket
FairPrice
860 m · 10 min
Hawker centre
Golden Mile Food Centre
2.1 km · 26 min
Source: OneMap walking routes, Sep 2026
07 — Nearby
Condos and supply around Water Place
Closest condos
Sanctuary Green160 m · 2003 · 99-yr from 1997
avg $2.42M$1,644 psf
Tanjong Ria Condominium170 m · 1997 · 99-yr from 1993
avg $1.59M$1,645 psf
Casuarina Cove180 m · 1996 · 99-yr from 1993
avg $2.46M$1,631 psf
Parkshore240 m · 1995 · Freehold
avg $2.72M$2,207 psf
New launches within 2 km
Aurea1.1 km · Launched Mar 2025 · 99-yr
avg $2.17M$2,843 psf
Arina East Residences1.3 km · Launched Jun 2025 · Freehold
avg $2.44M$2,797 psf
Upcoming supply
Tanjong Rhu Road430 m · about 503 units · 1.22 ha
Awarded · $15,662 psm GFA · Feb 2026
Tanjong Rhu Close540 m · about 478 units · 1.23 ha
Upcoming
Kitchener Link2.4 km · about 140 units · 0.42 ha
Available for application
Marina Gardens Lane2.5 km · about 373 units · 0.6 ha
Open for tender
Source: URA transactions; URA land sales; OneMap distances, Sep 2026
08 — From Stacked
Stacked articles mentioning Water Place
Sep 2025
Old vs New Condos In District 15: Which Offers Better Value In 2025?
Sep 2025
Do Primary Schools Really Matter For Property Prices In Singapore? These 6 Condos Suggest Otherwise
Aug 2026
Which East Coast Condo Has The Best Rental Yield?
Jan 2026
Why This 24-Year-Old Condo Outperformed Its Newer Neighbours In Singapore
Sep 2025
District 15 Resale vs New Launch Condos – Analysing Price Gaps for Larger Family Units
Jun 2026
The Biggest Constraint On Plus And Prime HDB Flats Isn't The 10-Year MOP
8 more articles mention Water Place.
Source: Stacked Homes editorial
09 — FAQ
Questions about Water Place
How many years are left on the lease at Water Place?
About 70 years. It is a 99-year lease from 1998.
When was Water Place completed?
2004.
How many units does Water Place have?
437 units, up to 20 storeys.
What is the price psf at Water Place?
11 sales in the last 12 months averaged $1,898 psf, ranging from $1,795 to $1,997 psf.
What did the latest sale go for?
A 1,356 sq ft unit sold for $2.44M ($1,795 psf) on 13 Jul 2026.
How much is the rent at Water Place?
Leases starting Sep 2025–Aug 2026 had a median rent of $6,050 a month ($4,650 for a 2-bedroom, $6,000 for a 3-bedroom and $7,300 for a 4-bedroom). That is an estimated gross yield of about 2.9%, before costs.
What is the nearest MRT station?
Tanjong Rhu (TE), a 2-minute walk (150 m). Stadium (CC) is 930 m away.
Who developed Water Place?
Far East Organization.
Answers generated from the data on this page, Sep 2026