We track 24 sales and 17 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MERA GARDENS dashboard.
- Average sale price: $3,009,833 across 24 transactions
- Estimated gross rental yield: 3.9%
- District 23 PSF ranking: Value tier (top 78%)
- 99 yrs lease commencing from 1994 · OCR · D23 · 123 units
About MERA GARDENS
MERA GARDENS is a 99 yrs lease commencing from 1994 condominium, located at ALMOND STREET in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by MALAYAN CREDIT (BUKIT PANJANG) PTE LTD, comprising 123 residential units, completed in 1998.
With approximately 67 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 MERA GARDENS:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 15 | $1,294 psf | $2,195,067 |
| 5+ BR | 9 | $696 psf | $4,367,778 |
Sales Market Overview
MERA GARDENS has recorded 24 sale transactions with an average transaction price of $3,009,833, ranging from $1,688,000 to $6,500,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 9 | $912 psf | $2,422,000 | — |
| 2022 | 4 | $1,092 psf | $2,734,500 | ↑ 19.8% |
| 2023 | 6 | $1,210 psf | $3,058,333 | ↑ 10.8% |
| 2024 | 3 | $1,020 psf | $3,950,000 | ↓ 15.7% |
| 2025 | 2 | $1,390 psf | $4,650,000 | ↑ 36.3% |
MERA GARDENS ranks in the top 78% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, MERA GARDENS trades 31% below the segment benchmark.
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Rental Market Overview
MERA GARDENS has recorded 17 rental transactions with monthly rents averaging $9,694/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 17 | $9,694/mo | $5,000/mo | $15,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 2 | $7,925/mo |
| 2022 | 3 | $10,233/mo |
| 2023 | 4 | $8,000/mo |
| 2024 | 3 | $10,667/mo |
| 2025 | 3 | $10,317/mo |
| 2026 | 2 | $11,650/mo |
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Investment Analysis
Based on average rents and sale prices, MERA GARDENS delivers an estimated gross rental yield of 3.9%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 23
Side-by-side comparison against the most actively traded condos in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| SOL ACRES | 99 yrs lease commencing from 2014 | 1327 | $1,385 psf | 555 |
| MIDWOOD | 99 yrs lease commencing from 2018 | 564 | $1,732 psf | 532 |
| LUMINA GRAND | 99 yrs lease commencing from 2022 | 512 | $1,515 psf | 512 |
| DAIRY FARM RESIDENCES | 99 yrs lease commencing from 2018 | 460 | $1,659 psf | 452 |
| THE BOTANY AT DAIRY FARM | 99 yrs lease commencing from 2022 | 386 | $2,053 psf | 388 |
Location Map
Map shows MERA GARDENS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MERA GARDENS
- Pending MRT
- Petir MRT
- Bangkit MRT
- Cashew MRT
- Hillview MRT
- Bukit Panjang Government High School
- Pei Hwa Presbyterian Primary School
- Fajar Secondary School
Nearby MRT Stations
MERA GARDENS is 490m from Pending MRT (Bukit Panjang LRT), with 8 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Pending | BP8 | Bukit Panjang LRT | 490m |
| Petir | BP7 | Bukit Panjang LRT | 890m |
| Bangkit | BP9 | Bukit Panjang LRT | 900m |
| Cashew | DT2 | Downtown Line | 920m |
| Hillview | DT3 | Downtown Line | 1.2 km |
| Bukit Panjang | DT1 | Downtown Line | 1.3 km |
| Bukit Panjang | BP6 | Bukit Panjang LRT | 1.3 km |
| Fajar | BP10 | Bukit Panjang LRT | 1.4 km |
Nearby Schools
There are 10 schools within 2 km of MERA GARDENS.
| School | Type | Distance |
|---|---|---|
| Bukit Panjang Government High School | Secondary | 1.0 km |
| Pei Hwa Presbyterian Primary School | Primary | 1.0 km |
| Fajar Secondary School | Secondary | 1.2 km |
| Xishan Primary School | Primary | 1.3 km |
| Bukit Panjang Primary School | Primary | 1.3 km |
| Springdale Primary School | Primary | 1.3 km |
| Greenridge Secondary School | Secondary | 1.6 km |
| Zhenghua Primary School | Primary | 1.7 km |
| West Spring Secondary School | Secondary | 1.9 km |
| West Spring Primary School | Primary | 2.0 km |
FAQ
What is the average price for MERA GARDENS?
What is the rental yield for MERA GARDENS?
Is MERA GARDENS 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: 24 transactions analysed
- Rental data: 17 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 MERA GARDENS
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.