We track 10 sales and 257 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MELROSE PARK dashboard.
- Average sale price: $4,562,160 across 10 transactions
- Estimated gross rental yield: 1.9%
- District 10 PSF ranking: Above average (top 27%)
- 999 yrs lease commencing from 1877 · CCR · D10 · 170 units
About MELROSE PARK
MELROSE PARK is a 999 yrs lease commencing from 1877 condominium, located at KELLOCK ROAD in District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin) (Core Central Region), developed by DBS REALTY (PRIVATE) LIMITED (DBS LAND GROUP), comprising 170 residential units, completed in 2000.
With approximately 73 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at MELROSE PARK:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 4 | $2,470 psf | $3,257,500 |
| 4 BR | 4 | $2,690 psf | $4,575,700 |
| 5+ BR | 2 | $1,747 psf | $7,144,400 |
Sales Market Overview
MELROSE PARK has recorded 10 sale transactions with an average transaction price of $4,562,160, ranging from $3,050,000 to $7,388,800.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 3 | $2,038 psf | $4,529,600 | — |
| 2022 | 1 | $2,081 psf | $6,900,000 | ↑ 2.1% |
| 2023 | 1 | $2,555 psf | $3,300,000 | ↑ 22.8% |
| 2025 | 3 | $2,599 psf | $4,110,000 | ↑ 1.7% |
| 2026 | 2 | $2,794 psf | $4,751,400 | ↑ 7.5% |
MELROSE PARK ranks in the top 27% of condos in District 10 by average PSF.
Compared to the CCR average of $2,447 psf, MELROSE PARK trades 1.4% below the segment benchmark.
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Rental Market Overview
MELROSE PARK has recorded 257 rental transactions with monthly rents averaging $7,171/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 3 BR | 196 | $6,904/mo | $4,500/mo | $16,500/mo |
| 4 BR | 61 | $8,028/mo | $5,700/mo | $18,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 51 | $5,560/mo |
| 2022 | 38 | $6,539/mo |
| 2023 | 51 | $7,751/mo |
| 2024 | 39 | $7,813/mo |
| 2025 | 54 | $7,824/mo |
| 2026 | 24 | $7,846/mo |
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Investment Analysis
Based on average rents and sale prices, MELROSE PARK delivers an estimated gross rental yield of 1.9%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 10
Side-by-side comparison against the most actively traded condos in District 10 (Ardmore, Bukit Timah, Holland Road, Tanglin):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| SKYE AT HOLLAND | 99 yrs lease commencing from 2024 | 666 | $2,946 psf | 666 |
| LEEDON GREEN | Freehold | 638 | $2,786 psf | 571 |
| D'LEEDON | 99 yrs lease commencing from 2010 | 1703 | $1,861 psf | 438 |
| HYLL ON HOLLAND | Freehold | 319 | $2,648 psf | 327 |
| FOURTH AVENUE RESIDENCES | 99 yrs lease commencing from 2018 | 476 | $2,465 psf | 296 |
Location Map
Map shows MELROSE PARK (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MELROSE PARK
- Great World MRT
- Havelock MRT
- Tiong Bahru MRT
- Orchard Boulevard MRT
- Orchard MRT
- Kheng Cheng School
- Gan Eng Seng School
- Gan Eng Seng Primary School
Nearby MRT Stations
MELROSE PARK is 460m from Great World MRT (Thomson-East Coast Line), with 7 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Great World | TE15 | Thomson-East Coast Line | 460m |
| Havelock | TE16 | Thomson-East Coast Line | 610m |
| Tiong Bahru | EW17 | East-West Line | 880m |
| Orchard Boulevard | TE13 | Thomson-East Coast Line | 1.1 km |
| Orchard | NS22 | North-South Line | 1.2 km |
| Somerset | NS23 | North-South Line | 1.2 km |
| Orchard | TE14 | Thomson-East Coast Line | 1.2 km |
Nearby Schools
There are 17 schools within 2 km of MELROSE PARK, including 4 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Kheng Cheng School | Primary | 470m |
| Gan Eng Seng School | Secondary | 650m |
| Gan Eng Seng Primary School | Primary | 660m |
| Fairfield Methodist School (Primary) | Primary | 980m |
| Outram Secondary School | Secondary | 1.2 km |
| Henderson Secondary School | Secondary | 1.3 km |
| River Valley Primary School | Primary | 1.3 km |
| CHIJ (Kellock) | Primary | 1.4 km |
| Chatsworth International School (Orchard) | International | 1.5 km |
| Tanglin Secondary School | Secondary | 1.5 km |
| Bukit Merah Secondary School | Secondary | 1.7 km |
| St. Anthony's Primary School | Primary | 1.7 km |
FAQ
What is the average price for MELROSE PARK?
What is the rental yield for MELROSE PARK?
Is MELROSE PARK freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 10 transactions analysed
- Rental data: 257 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 MELROSE PARK
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