WILKIE 48 is a freehold development along WILKIE ROAD in District 9 (Orchard / River Valley), part of the CCR segment of Singapore's private residential market. The project comprises 28 units and is TOP 1998.
This profile draws on 2 recorded transactions from URA to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
The project is in its mature or late-resale phase, where lease tenure (for leasehold stock), redevelopment optionality, and en-bloc potential all start to weigh more on the investment thesis than current rental yield.
Within District 9 (Orchard / River Valley), the immediate context for WILKIE 48 is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 2 sales and 50 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the WILKIE 48 dashboard.
- Average sale price: $1,400,000 across 2 transactions
- Estimated gross rental yield: 3.4%
- District 9 PSF ranking: Value tier (top 94%)
- Freehold tenure · CCR · D9 · 28 units
About WILKIE 48
WILKIE 48 is a freehold condominium, located at WILKIE ROAD in District 9 (Orchard, Cairnhill, River Valley) (Core Central Region), developed by INNOVATIVE DEVELOPMENT PTE LTD, comprising 28 residential units, completed in 1998.
As a freehold property, WILKIE 48 does not face lease decay concerns.
Sales Market Overview
WILKIE 48 has recorded 2 sale transactions with an average transaction price of $1,400,000, ranging from $1,370,000 to $1,430,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,567 psf | $1,400,000 | — |
WILKIE 48 ranks in the top 94% of condos in District 9 by average PSF.
Compared to the CCR average of $2,447 psf, WILKIE 48 trades 36% below the segment benchmark.
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Rental Market Overview
WILKIE 48 has recorded 50 rental transactions with monthly rents averaging $4,004/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 41 | $3,878/mo | $2,700/mo | $4,800/mo |
| 3 BR | 9 | $4,578/mo | $3,500/mo | $5,700/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 11 | $3,273/mo |
| 2022 | 11 | $3,925/mo |
| 2023 | 8 | $4,125/mo |
| 2024 | 12 | $4,525/mo |
| 2025 | 7 | $4,214/mo |
| 2026 | 1 | $4,200/mo |
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Investment Analysis
Based on average rents and sale prices, WILKIE 48 delivers an estimated gross rental yield of 3.4%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 9
Side-by-side comparison against the most actively traded condos in District 9 (Orchard, Cairnhill, River Valley):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| IRWELL HILL RESIDENCES | 99 yrs lease commencing from 2020 | 540 | $2,730 psf | 582 |
| RIVER GREEN | 99 yrs lease commencing from 2024 | 524 | $3,138 psf | 491 |
| RIVER MODERN | 99 years leasehold | — | $3,239 psf | 421 |
| THE AVENIR | Freehold | 376 | $3,190 psf | 322 |
| KOPAR AT NEWTON | 99 yrs lease commencing from 2019 | 378 | $2,513 psf | 253 |
Location Map
Map shows WILKIE 48 (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- WILKIE 48
- Little India MRT
- Little India MRT
- Rochor MRT
- Bencoolen MRT
- Dhoby Ghaut MRT
- LASALLE College of the Arts
- Nanyang Academy of Fine Arts
- Singapore Management University
Nearby MRT Stations
WILKIE 48 is 450m from Little India MRT (North-East Line), with 17 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Little India | NE7 | North-East Line | 450m |
| Little India | DT12 | Downtown Line | 450m |
| Rochor | DT13 | Downtown Line | 480m |
| Bencoolen | DT21 | Downtown Line | 490m |
| Dhoby Ghaut | NS24 | North-South Line | 520m |
| Dhoby Ghaut | NE6 | North-East Line | 520m |
| Dhoby Ghaut | CC1 | Circle Line | 520m |
| Bras Basah | CC2 | Circle Line | 670m |
Nearby Schools
There are 15 schools within 2 km of WILKIE 48, including 5 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| LASALLE College of the Arts | Tertiary | 590m |
| Nanyang Academy of Fine Arts | Tertiary | 640m |
| Singapore Management University | Tertiary | 660m |
| ACS (Junior) | Primary | 770m |
| School of the Arts | Jc | 810m |
| St. Margaret's Secondary School | Secondary | 1.3 km |
| St. Margaret's Primary School | Primary | 1.3 km |
| St. Andrew's Junior School | Primary | 1.4 km |
| St. Andrew's Secondary School | Secondary | 1.4 km |
| St. Andrew's Junior College | Jc | 1.4 km |
| Fairfield Methodist School (Primary) | Primary | 1.4 km |
| Farrer Park Primary School | Primary | 1.5 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
Genuine walk-to-MRT access. Little India sits about 0.45km away — true walking distance, not the elastic 800m claim that some listings stretch. For tenants and commuter-owners, this anchors rental demand and supports a steady capital-value floor across cycles.
Boutique character. With 28 units, WILKIE 48 keeps a low-density character — fewer residents per facility, quieter corridors, more curated common spaces. Suits buyers prioritising unit-interior quality and neighbour proximity over deep facilities breadth.
School-belt proximity. LASALLE College of the Arts sits about 0.59km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Thin transaction history. With only 2 recorded sales, comparable-sales analysis is fragile — a single outlier transaction can skew the apparent price level by 5-10%. Triangulate with nearby district comparables rather than rely on within-project averages alone.
Cycle-sensitivity. Like all Singapore private residential, the project's capital appreciation and rental yields move with broader macro factors — mortgage rate environment, MAS macroprudential stance (TDSR, ABSD), and the supply-pipeline tempo. Build a 5pp rate buffer into your stress test.
- ✅ Young couple, first home: Long balance lease + likely sub-CCR pricing
- ✅ Family with school-age kids: Nearby schools support MOE registration priority
- ✅ CBD commuter: Walking-distance MRT supports daily commute
- ❌ Rental investor (yield-focused): Thin transaction history makes underwriting fragile
- ⚠️ Foreign professional (expat): MRT plus mid-size facility suite typically meets expat-tenant criteria
- ✅ Long-term hold (10+ yr): Tenure supports CPF + buyer-pool through hold
Composite assessment: WILKIE 48 hits the three structural levers that anchor long-term Singapore residential value: a prime district position, walkable MRT, and a long balance lease. Premium pricing is the trade-off; buyers paying that premium are buying scarcity rather than yield. 2 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 8-15 years to absorb full cycle and capture the prime-district capital-appreciation thesis. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
What is the average price for WILKIE 48?
What is the rental yield for WILKIE 48?
Is WILKIE 48 freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Sales data: 2 transactions analysed
- Rental data: 50 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for WILKIE 48
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 1,930 condo transactions recorded in District 9 over the last 12 months, 62% new sale, 37% resale, 1% sub sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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Price Index Check
The ShiokNest Price Index for District 9 reads 102.6 as of June 2026 — up 1.2% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Upcoming Supply Pipeline
2 active Government Land Sales sites in District 9 could add roughly 640 new units to local supply. Incoming supply of this scale tends to cap short-term price growth in the immediate area but also signals planning confidence in the location.
| Site | Street | Est. units | List | Status |
|---|---|---|---|---|
| Zion Road (Parcel A) | — | ~440 | Confirmed | Awarded |
| Zion Road (Parcel B) | — | ~200 | Confirmed | Awarded |
HDB Alternatives Nearby
Weighing WILKIE 48 against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (250m away), an upgrader gap of about $300,000
- Kallang/whampoa — 4-room average $882,887 (1 km away), an upgrader gap of about $500,000