Waterview, located at the junction of Tampines Avenue 1 and Avenue 10, is a 99-year leasehold condominium. Developed by Sim Lian (Tampines One) Pte. Ltd, it comprises 696 residential units spread across 12 blocks with 15 storeys each. Residents can enjoy a panoramic view of the scenic Bedok Reservoir and Tampines Quarry Park. Besides its serene surroundings, there’s so much more to love about the property.
4 Reasons Why Waterview Is Ideal for Families and Working Professionals:
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Waterview | 99-year leasehold | 2014 | 1-bedroom 2-bedroom 3-bedroom 4-bedroom | 980 1,572 1,324 4,402 | $1,036 |
Waterview boasts spacious two- to four-bedroom units and penthouse apartments. They are ideal for couples and families with children. The largest three-bedroom unit goes up to 1,572 sqft, with ample space to fit a family of four.
Your days here are complete with activities such as working out at the fitness corner or the gymnasium, swimming at the lap pool or swimming pool, and having a friendly match at the tennis court. Finish off your workout by winding down at the sauna. In the meantime, your kids can spend time at the kid’s pool and playground.
2. Accessibility and Amenities
The nearest train station is Tampines West MRT Station, which is along the Downtown Line (DTL). It will take you about 11 minutes to walk there. Alternatively, you can hop on a 10-minute bus ride. This condominium is also connected to major expressways like Tampines Expressway (TPE), East Coast Parkway (ECP), and the Pan Island Expressway (PIE). You can reach Singapore Changi Airport in 14 minutes, while the Central Business District (CBD) in 20 minutes.
Tampines is known for its wide array of amenities, which is one of the main reasons why it is a popular town. Home to a retail park comprising three mega warehouse retail stores (Ikea, Courts and Giant Supermarket), three shopping malls (Tampines Mall, Century Square and Tampines 1) and an integrated community and lifestyle hub (Our Tampines Hub), you’ll never run out of places to go with the family.
3. Schools and Healthcare
Waterview is not just ideal for leisure and accessibility. Parents will be delighted to know that the property is surrounded by a wide range of top-tier schools. Choose from primary to tertiary schools like St. Hilda’s Primary School, Temasek Polytechnic, and Singapore University of Technology and Design. Expats: don’t fret. You’ll find United World College South East Asia within close proximity too.
Need healthcare assistance? You’ve got nothing to worry about! The nearest healthcare institutions are SingHealth Polyclinics Tampines and Changi General Hospital, both within a 3.5km radius (eight-minute drive).
4. Property Price and Future Developments
The price of Waterview’s three-bedroom unit (1,184 sqft, low-level floor) in the past three years:
January to December 2017 – up to $865,000
January to December 2018 – up to $1,218,000
January to December 2019 – up to $1,260,000
Since 2017, the property price at Waterview has been increasing. Residents need not go through the hassle of waiting for new developments, as most of them have been established. We can foresee the price rising over the years, thanks to upcoming developments like improved connectivity and a new healthcare institution
Is Waterview your dream home in the East? Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!
Best Mortgage Rate Across All Banks for Waterview
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for Waterview
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a three-bedroom unit at Waterview the price is at $1,260,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $35,500.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $260,000 | 4% | $10,400 |
| BSD Payable | $35,000 | |
Source: IRAS
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Additional Buyer’s Stamp Duty for Waterview
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Waterview
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,260,000 |
|---|---|---|
| If Waterview is your second residential property | 12% | $151,200 |
| If Waterview is your third or subsequent residential property | 15% | $189,000 |
ABSD for Singapore Permanent Resident when Buying Waterview
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,260,000 |
|---|---|---|
| If Waterview is your first property | 5% | $63,000 |
| If Waterview is your second or subsequent residential property | 15% | $189,000 |
ABSD for Foreigners when Buying Waterview
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,260,000 |
|---|---|---|
| Foreigners buying any property | 20% | $252,000 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
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