Skywaters Residences
Located in District 1 (Raffles Place, Marina, Cecil, People's Park), Skywaters Residences is a 99-year leasehold condominium in the Core Central Region (CCR). Completed in 2024, the development comprises 146 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
SKYWATERS RESIDENCES is a 99 years leasehold condominium at PRINCE EDWARD ROAD in District 1 (CCR), developed by Shenton Residential Property Pte. Ltd, comprising 146 units, completed in 2024.
Location & Connectivity
SKYWATERS RESIDENCES is approximately 240m from Shenton Way MRT station, with 19 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Shenton Way | Thomson-East Coast Line | 240m |
| Tanjong Pagar | East-West Line | 280m |
| Maxwell | Thomson-East Coast Line | 690m |
| Downtown | Downtown Line | 710m |
| Marina Bay | North-South Line | 720m |
| Marina Bay | Circle Line | 720m |
Schools & Education
2 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| Cantonment Primary School | Primary | 1.7 km |
| Outram Secondary School | Secondary | 1.7 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 1 | $6,502 psf | $11,687,000 |
| 5+ BR | 4 | $5,722 psf | $26,293,585 |
Market Position
SKYWATERS RESIDENCES has recorded 5 sales at an average price of $23,372,268.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2024 | 1 | $6,100 psf | — |
| 2025 | 2 | $6,171 psf | ↑ 1.2% |
| 2026 | 2 | $5,474 psf | ↓ 11.3% |
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SKYWATERS RESIDENCES prices have cooled 11.3% from the 2025 peak, yet remain 10.3% below where the series began in 2024.
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| ONE MARINA GARDENS | 99 yrs lease commencing from 2023 | $2,959 psf | 649 |
| THE SAIL @ MARINA BAY | 99-year leasehold | $2,009 psf | 272 |
| MARINA ONE RESIDENCES | 99 yrs lease commencing from 2011 | $2,293 psf | 222 |
| UNION SQUARE RESIDENCES | 99 yrs lease commencing from 2024 | $3,071 psf | 199 |
| ONE SHENTON | 99 yrs lease commencing from 2005 | $1,775 psf | 106 |
Lease Analysis
With 97 years remaining on its 99-year lease, SKYWATERS RESIDENCES still qualifies for full bank financing and CPF usage.
What Could Work Against You
- Only 3 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: mrt-walkable commuters, cbd walking distance and cpf-only buyers. Located ~238m from Shenton Way MRT, this property is a comfortable daily walk for transit commuters.
long-term hold (10+ yr) and foreign / absd-aware buyers should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for yield-focused investors and short-term flippers (<5 yr) — other options likely serve them better. CCR (Core Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
One caution flagged here: avoid for short-term hold — Recent CCR TOP at $5,823 psf — high entry pricing makes the 3-year SSD window unforgiving for short-term flippers.
Verdict
SKYWATERS RESIDENCES is a 99 years leasehold development in District 1 (CCR), with 146 units.
At ~$5,823 psf, it reflects its premium CCR positioning.
Explore the full SKYWATERS RESIDENCES dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing SKYWATERS RESIDENCES against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (620m away), an upgrader gap of about $22,300,000
- Bukit Merah — 4-room average $894,787 (880m away), an upgrader gap of about $22,500,000
FAQ
What is the average PSF for SKYWATERS RESIDENCES?
Is SKYWATERS RESIDENCES freehold?
What is the rental yield for SKYWATERS RESIDENCES?
Which MRT is nearest to SKYWATERS RESIDENCES?
Sources & Next Steps
- SKYWATERS RESIDENCES Dashboard — Live charts and analytics
- URA — Official transaction data
- District 1 (Raffles Place, Marina, Cecil, People's Park) — District 1 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 5 transactions
- Rental data: 0 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: May 2026 · 5 records analysed · Source: URA private-sale caveats