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, Nov 2026

70 yrs

Lease left

$1,901

Avg $psf, 12 months

Sales, 12 months

2004

Completed

Floor plans →

What brings you to Water Place?

Buying here? Get a second opinion. The median sale price here over the last 12 months was $2.46M, across 10 sales. Our consultants can run the numbers against your budget: which stack, what to pay, what to avoid. Free for buyers of private property.

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Get a second opinion

02 — Prices

Water Place prices

Last 12 months

Sales

$1,901

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 ft5 sales$1,929 psfAvg $2.38M$2.2M – $2.52M

1,300–1,599 sq ft6 sales$1,882 psfAvg $2.72M$2.44M – $3.1M

Average $psf by year

In 2025, sales here averaged $1,860 psf, 13% below the D15 average of $2,132 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

$1,900

2026’26

Show as a table

Year	This condo	D15 average
2026	$1,900	$2,176
2025	$1,860	$2,132
2024	$1,773	$2,320
2023	$1,638	$2,227
2022	$1,505	$1,861
2021	$1,320	$1,695
2020	$1,252	$1,527
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

586 sales since 2007; the busiest year was 2007 with 139. The 2026 bar covers Jan–Nov.

150

Show as a table

Year	Resale	Total
2026	9	9
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

16 Oct 2026#07-XX1,453 sq ft$2.75M$1,892 psfResale

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

Show all 30 sales

Compared with nearby condos

Compared with D15 and the five nearest similar condos · average $psf and price, all unit sizes

Water PlaceThis condo · 99-yr from 1998 · 10 sales, last 12 months $1,901 psfavg $2.52M

D15 medianAll condo sales, last 12 months $2,224 psfavg $2.38M

Sanctuary Green160 m · 2003 · 99-yr from 1997 · 20 sales $1,664 psfavg $2.37M Tanjong Ria Condominium170 m · 1997 · 99-yr from 1993 · 7 sales $1,660 psfavg $1.59M Casuarina Cove180 m · 1996 · 99-yr from 1993 · 5 sales $1,631 psfavg $2.46M Parkshore240 m · 1995 · Freehold · 3 sales $2,207 psfavg $2.72M Pebble Bay240 m · 1997 · 99-yr from 1994 · 13 sales $1,871 psfavg $3.71M

Prices by bedroom type are based on matching sales to unit sizes.

Source: URA caveats, Nov 2026. The 2026 averages cover Jan–Nov.

03 — Rent

Water Place rent

Leases starting Sep 2025–Aug 2026

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 PlaceThis condo · 99-yr from 1998 · 76 leases 2.9%$6,050 median rent

D15 medianAll condo leases, same months 2.1%$4,600 median rent

Sanctuary Green160 m · 2003 · 99-yr from 1997 · 109 leases 2.9%$5,700 median rent Tanjong Ria Condominium170 m · 1997 · 99-yr from 1993 · 38 leases 3.8%$5,000 median rent Casuarina Cove180 m · 1996 · 99-yr from 1993 · 43 leases 2.4%$5,000 median rent Parkshore240 m · 1995 · Freehold · 35 leases 2.7%$6,000 median rent Pebble Bay240 m · 1997 · 99-yr from 1994 · 113 leases 2.8%$8,750 median rent

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 Nov 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

2-Bedroom 2 2 layouts

A Type-Aa

3-Bedroom 4 4 layouts

Type-B1 B1 Type-C4 B1a

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 2.3 km · 28 min walk

CCDT Promenade 3.7 km · 44 min walk

Walking times and distances are estimates from OneMap walking routes; a station without a walking time shows the straight-line distance. 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

Map of the area around Water Place, with nearby MRT stations and primary schools — Map data © OpenStreetMap contributors

Source: OneMap walking routes, Nov 2026

07 — Nearby

Condos and supply around Water Place

Closest condos

Sanctuary Green160 m · 2003 · 99-yr from 1997 avg $2.37M$1,664 psf Tanjong Ria Condominium170 m · 1997 · 99-yr from 1993 avg $1.59M$1,660 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 · 99-yr avg $2.23M$2,851 psf Arina East Residences1.3 km · Freehold avg $2.5M$2,793 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 Awarded · $13,379 psm GFA · Oct 2026

Source: URA transactions; URA land sales; OneMap distances, Nov 2026

08 — From Stacked

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?

10 sales in the last 12 months averaged $1,901 psf, ranging from $1,795 to $1,997 psf.

What did the latest sale go for?

A 1,453 sq ft unit sold for $2.75M ($1,892 psf) on 16 Oct 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, Nov 2026