WATERFRONT WAVES
UrbanLens Analysis
WATERFRONT WAVES commands $1,578 PSF -- NaN% below what District 16 typically fetches ($0 PSF). Bedok Reservoir MRT sits just 429m away (5-min walk), a clear connectivity win.
Prices are up 13.2% over two years, reflecting genuine buyer interest without bubble-level exuberance. With 28 deals in two years, the pricing data has reasonable statistical weight.
With ~80 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. At 2.8% gross yield versus the OCR average of 0.0%, rental returns are above-market. The $5,315/month median rent makes this genuinely compelling for income investors.
With 405 units, amenities are comprehensive and resale liquidity is generally healthy, though price compression can occur when too many sellers list simultaneously. In the Outside Central region, price sensitivity runs high. The value-for-money equation must be compelling to attract buyers.
PSF Trend
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